Kinetics Internet Correlations

Mutual Funds . USA . 
Fund . Kinetics Internet Fund
WWWFX Fund  USD 108.10  2.42  2.19%   
The current 90-days correlation between Kinetics Internet and Victory Munder Multi Cap is 0.74 (i.e., Poor diversification). The correlation of Kinetics Internet 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 Internet Correlation With Market

Poor diversification

The correlation between Kinetics Internet Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetics Internet 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 Internet 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 census.

Moving together with Kinetics Mutual Fund

  0.97KGLCX Kinetics GlobalPairCorr
  0.89KGLAX Kinetics GlobalPairCorr
  0.89WWWEX Kinetics GlobalPairCorr
  0.91KINCX Kinetics InternetPairCorr
  0.69KMDNX Kinetics Multi DisciPairCorr
  0.7KMKCX Kinetics Market OppoPairCorr
  0.64KMKAX Kinetics Market OppoPairCorr
  0.69KMKNX Kinetics Market OppoPairCorr
  0.61KMKYX Kinetics Market OppoPairCorr
  0.87KINAX Kinetics InternetPairCorr
  0.78GCEBX Goldman Sachs CleanPairCorr
  0.81GCEGX Goldman Sachs CleanPairCorr
  0.81GCEPX Goldman Sachs CleanPairCorr
  0.81GCEDX Goldman Sachs CleanPairCorr
  0.81GCEEX Goldman Sachs CleanPairCorr
  0.81GCEJX Goldman Sachs CleanPairCorr
  0.73VTSAX Vanguard Total StockPairCorr
  0.73VFIAX Vanguard 500 IndexPairCorr
  0.71VTSMX Vanguard Total StockPairCorr
  0.73VSMPX Vanguard Total StockPairCorr
  0.73VSTSX Vanguard Total StockPairCorr
  0.8VITSX Vanguard Total StockPairCorr
  0.8VFINX Vanguard 500 IndexPairCorr
  0.72VFFSX Vanguard 500 IndexPairCorr
  0.81VGTSX Vanguard Total InterPairCorr
  0.81VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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