KINETICS SMALL Correlations

The correlation of KINETICS SMALL is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KINETICS SMALL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KINETICS SMALL CAP moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Correlation Analysis.
  
The ability to find closely correlated positions to KINETICS SMALL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KINETICS SMALL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back KINETICS SMALL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling KINETICS SMALL CAP to buy it.

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
JPMT
JPMA
XOMMRK
MRKJPM
XOMJPM
AT
  
High negative correlations   
MRKUBER
XOMMSFT
MRKMSFT
CRMTWTR
XOMUBER

KINETICS SMALL Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between KINETICS Mutual Fund performing well and KINETICS SMALL Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze KINETICS SMALL's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.73  0.51  0.17 (2.71)  1.73  0.12 (1.84)  3.56 (2.97)  27.10 
MSFT 1.79 (0.14)  0.00 (0.01)  0.00 (0.0424)  0.00  3.92 (3.54)  11.64 
UBER 2.84 (0.08) (0.01)  0.04  3.25 (0.0084) (3.42)  8.60 (5.58)  19.67 
F 1.96 (0.22)  0.00 (0.05)  0.00 (0.06)  0.00  2.75 (5.14)  14.93 
T 1.27  0.08  0.04  0.21  1.18  0.0334 (1.46)  2.54 (2.11)  9.29 
A 1.72  0.19  0.12  0.24  1.64  0.1 (2.08)  3.98 (2.97)  11.04 
CRM 2.32 (0.22)  0.00 (0.06)  0.00 (0.06)  0.00  4.31 (4.48)  18.29 
JPM 1.51  0.18  0.12  0.26  1.30  0.1 (1.64)  4.20 (2.15)  7.57 
MRK 1.00  0.37  0.24  1.28  0.80  0.23 (1.20)  2.44 (1.43)  7.38 
XOM 1.58  0.15  0.07  0.26  1.77  0.07 (1.68)  3.65 (2.91)  9.75 

KINETICS SMALL Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with KINETICS SMALL mutual fund to make a market-neutral strategy. Peer analysis of KINETICS SMALL could also be used in its relative valuation, which is a method of valuing KINETICS SMALL by comparing valuation metrics with similar companies.
AMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian GoldAramark HoldingsVanguard Long-TermSeagate Technology PLCVistra Energy CorpExxon Mobil CorpSignature Bank
 Risk & Return  Correlation

Invested in KINETICS SMALL CAP?

The danger of trading KINETICS SMALL CAP is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of KINETICS SMALL is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than KINETICS SMALL. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile KINETICS SMALL CAP is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Correlation Analysis. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Please note, there is a significant difference between KINETICS SMALL's value and its price as these two are different measures arrived at by different means. Investors typically determine KINETICS SMALL value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, KINETICS SMALL's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.