Kinetics Global Correlations

WWWEX Fund

USD 15.99 0.01 0.06%

The current 90-days correlation between Kinetics Global and The Chesapeake Growth is 0.55 (i.e., Very weak diversification). The correlation of Kinetics Global 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 Global Correlation With Market

Poor diversification

The correlation between Kinetics Global Fund and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Global Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Kinetics Global Fund. 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 services.

Moving together with Kinetics Mutual Fund

1.0	KGLCX	Kinetics Global	Pair Corr
1.0	KGLAX	Kinetics Global	Pair Corr
0.65	WWNPX	Kinetics Paradigm	Pair Corr
0.97	WWWFX	Kinetics Internet	Pair Corr
0.97	KINCX	Kinetics Internet	Pair Corr
0.85	KMKCX	Kinetics Market Oppo	Pair Corr
0.85	KMKAX	Kinetics Market Oppo	Pair Corr
0.84	KMKNX	Kinetics Market Oppo	Pair Corr
0.84	KMKYX	Kinetics Market Oppo	Pair Corr
0.65	KNPAX	Kinetics Paradigm	Pair Corr
0.66	KNPCX	Kinetics Paradigm	Pair Corr
0.65	KNPYX	Kinetics Paradigm	Pair Corr

Moving against Kinetics Mutual Fund

0.31	KMDNX	Kinetics Multi-disciplina	Pair Corr
0.44	XPPRX	Voya Prime Rate	Pair Corr

Related Correlations Analysis

	CHCGX	SEGPX	TCELX	BOGSX	PLBBX	CYPSX	MMEYX	BUFOX	RSF
CHCGX		0.0	0.72	0.82	0.9	0.63	0.52	0.24	0.66	CHCGX
SEGPX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SEGPX
TCELX	0.72	0.0		0.84	0.75	0.42	0.24	0.09	0.74	TCELX
BOGSX	0.82	0.0	0.84		0.94	0.47	0.3	0.17	0.85	BOGSX
PLBBX	0.9	0.0	0.75	0.94		0.55	0.43	0.32	0.83	PLBBX
CYPSX	0.63	0.0	0.42	0.47	0.55		0.82	0.73	0.32	CYPSX
MMEYX	0.52	0.0	0.24	0.3	0.43	0.82		0.78	0.11	MMEYX
BUFOX	0.24	0.0	0.09	0.17	0.32	0.73	0.78		0.16	BUFOX
RSF	0.66	0.0	0.74	0.85	0.83	0.32	0.11	0.16		RSF
	CHCGX	SEGPX	TCELX	BOGSX	PLBBX	CYPSX	MMEYX	BUFOX	RSF

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PLBBX	+ 0.94	BOGSX
PLBBX	+ 0.9	CHCGX
RSF	+ 0.85	BOGSX
BOGSX	+ 0.84	TCELX
RSF	+ 0.83	PLBBX
BOGSX	+ 0.82	CHCGX

High negative correlations

RSF	- 0.0	SEGPX
BUFOX	- 0.0	SEGPX
MMEYX	- 0.0	SEGPX
CYPSX	- 0.0	SEGPX
PLBBX	- 0.0	SEGPX
BOGSX	- 0.0	SEGPX

Risk-Adjusted Indicators

There is a big difference between Kinetics Mutual Fund performing well and Kinetics Global 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 Global'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHCGX	0.58	(0.02)	(0.03)	0.02	0.81	(0.54)	1.19	(1.28)	3.74
SEGPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TCELX	0.95	0.00	(0.01)	0.04	1.31	(0.93)	1.95	(2.12)	5.96
BOGSX	1.05	(0.02)	0.00	0.03	1.50	(1.04)	2.28	(2.65)	7.39
PLBBX	0.56	(0.02)	(0.03)	0.02	0.81	(0.54)	0.98	(1.38)	4.10
CYPSX	1.39	(0.10)	0.00	(0.01)	0.00	0.00	2.94	(3.41)	8.69
MMEYX	0.96	(0.02)	0.00	0.02	1.08	(1.18)	2.34	(1.87)	7.71
BUFOX	1.16	(0.16)	0.00	(0.05)	0.00	0.00	2.58	(2.30)	8.14
RSF	0.24	(0.01)	(0.12)	(0.08)	0.33	(0.26)	0.49	(0.62)	1.72

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