Kinetics Small Correlations

Mutual Funds . USA . 
Fund . Kinetics Small Cap
KSCYX Fund  USD 200.39  3.79  1.86%   
The current 90-days correlation between Kinetics Small Cap and Templeton Growth Fund is 0.81 (i.e., Very poor diversification). The correlation of Kinetics Small is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Kinetics Small Correlation With Market

Poor diversification

The correlation between Kinetics Small Cap and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinetics Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Kinetics Mutual Fund

  0.77KGLCX Kinetics GlobalPairCorr
  0.9KGLAX Kinetics GlobalPairCorr
  0.77WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.8WWWFX Kinetics InternetPairCorr
  0.9WWWEX Kinetics GlobalPairCorr
  0.8KINCX Kinetics InternetPairCorr
  0.99KMKCX Kinetics Market OppoPairCorr
  0.99KMKAX Kinetics Market OppoPairCorr
  0.98KMKNX Kinetics Market OppoPairCorr
  0.78KMKYX Kinetics Market OppoPairCorr
  1.0KNPAX Kinetics Paradigm Steady GrowthPairCorr
  1.0KNPCX Kinetics ParadigmPairCorr
  0.77KNPYX Kinetics ParadigmPairCorr
  0.99LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.75LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.99LSHCX Horizon Spin OffPairCorr
  0.75LSHAX Horizon Spin Off Steady GrowthPairCorr
  1.0KSCOX Kinetics Small CapPairCorr
  0.77KSOAX Kinetics Small CapPairCorr
  0.77KSOCX Kinetics Small CapPairCorr
  0.68VSGAX Vanguard Small CapPairCorr
  0.8VSGIX Vanguard Small CapPairCorr
  0.8VISGX Vanguard Small CapPairCorr
  0.79VEXPX Vanguard ExplorerPairCorr
  0.79VEXRX Vanguard ExplorerPairCorr
  0.81JGMIX Janus TritonPairCorr
  0.81JGMRX Janus TritonPairCorr
  0.81JGMAX Janus TritonPairCorr
  0.81JGMCX Janus TritonPairCorr
  0.69JGMNX Janus TritonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Small Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kinetics Small's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY