Kinetics Market Opportunities Fund Market Value
| KMKYX Fund | USD 49.66 0.46 0.92% |
| Symbol | Kinetics |
Kinetics Market 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Kinetics Market's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Kinetics Market.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Kinetics Market on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Kinetics Market Opportunities or generate 0.0% return on investment in Kinetics Market over 30 days. Kinetics Market is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. The fund is a non-diversified fund that invests all of its investable assets in the Market Opportunities Portfolio, a se... More
Kinetics Market Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Kinetics Market's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Kinetics Market Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.1607 | |||
| Maximum Drawdown | 6.96 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.79 |
Kinetics Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetics Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetics Market's standard deviation. In reality, there are many statistical measures that can use Kinetics Market historical prices to predict the future Kinetics Market's volatility.| Risk Adjusted Performance | 0.1537 | |||
| Jensen Alpha | 0.211 | |||
| Total Risk Alpha | 0.1145 | |||
| Sortino Ratio | 0.1519 | |||
| Treynor Ratio | 0.339 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinetics Market's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kinetics Market Oppo Backtested Returns
Kinetics Market appears to be very steady, given 3 months investment horizon. Kinetics Market Oppo has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kinetics Market, which you can use to evaluate the volatility of the fund. Please exercise Kinetics Market's Mean Deviation of 0.9537, risk adjusted performance of 0.1537, and Downside Deviation of 1.29 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kinetics Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinetics Market is expected to be smaller as well.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Kinetics Market Opportunities has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kinetics Market time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kinetics Market Oppo price movement. The serial correlation of -0.19 indicates that over 19.0% of current Kinetics Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Kinetics Market Oppo lagged returns against current returns
Autocorrelation, which is Kinetics Market mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Kinetics Market's mutual fund expected returns. We can calculate the autocorrelation of Kinetics Market returns to help us make a trade decision. For example, suppose you find that Kinetics Market has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Kinetics Market regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Kinetics Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetics Market mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kinetics Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kinetics Market Lagged Returns
When evaluating Kinetics Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetics Market mutual fund have on its future price. Kinetics Market autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Kinetics Market autocorrelation shows the relationship between Kinetics Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kinetics Market Opportunities.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kinetics Market in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kinetics Market's short interest history, or implied volatility extrapolated from Kinetics Market options trading.
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Kinetics Market technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.