Kinetics Global Correlations

Mutual Funds . USA . 
Fund . Kinetics Global Fund
WWWEX Fund  USD 17.14  0.05  0.29%   
The current 90-days correlation between Kinetics Global and Kinetics Internet Fund is 0.94 (i.e., Almost no 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 0.77 (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 income.

Moving together with Kinetics Mutual Fund

  0.94KGLCX Kinetics GlobalPairCorr
  1.0KGLAX Kinetics GlobalPairCorr
  0.97WWWFX Kinetics InternetPairCorr
  0.98KINCX Kinetics InternetPairCorr
  0.79KMKCX Kinetics Market OppoPairCorr
  0.79KMKAX Kinetics Market OppoPairCorr
  0.79KMKNX Kinetics Market OppoPairCorr
  0.8KMKYX Kinetics Market OppoPairCorr
  0.78FBONX American Funds AmericanPairCorr
  0.78FBAFX American Funds AmericanPairCorr
  0.71ABALX American BalancedPairCorr
  0.78BALCX American BalancedPairCorr
  0.78BALFX American BalancedPairCorr
  0.78RLBCX American BalancedPairCorr
  0.78RLBBX American BalancedPairCorr
  0.78CLBAX American BalancedPairCorr
  0.78CLBEX American BalancedPairCorr
  0.78RLBFX American BalancedPairCorr
  0.69WRHIX Ivy High IncomePairCorr
  0.71WHIAX Ivy High IncomePairCorr
  0.63IHIFX Ivy High IncomePairCorr
  0.71IVHIX Ivy High IncomePairCorr
  0.81EAAMX Eaton Vance MultiPairCorr
  0.89PEMYX Putnam Emerging MarketsPairCorr
  0.84FICCX Fidelity CanadaPairCorr

Related Correlations Analysis

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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.

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