Kinetics Small Cap Fund Market Value
| KSCOX Fund | USD 115.59 0.95 0.82% |
| Symbol | Kinetics |
Kinetics Small '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 Small'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 Small.
| 04/24/2024 |
| 05/24/2024 |
If you would invest 0.00 in Kinetics Small on April 24, 2024 and sell it all today you would earn a total of 0.00 from holding Kinetics Small Cap or generate 0.0% return on investment in Kinetics Small over 30 days. Kinetics Small is related to or competes with Mfs Emerging, Washington Mutual, HUMANA, Barloworld, Morningstar Unconstrained, High Yield, and Thrivent High. The fund is a non-diversified fund that invests all of its investable assets in the Small Cap Portfolio, a series of Kin... More
Kinetics Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.1326 | |||
| Maximum Drawdown | 6.14 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.66 |
Kinetics Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetics Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetics Small's standard deviation. In reality, there are many statistical measures that can use Kinetics Small historical prices to predict the future Kinetics Small's volatility.| Risk Adjusted Performance | 0.1141 | |||
| Jensen Alpha | 0.1881 | |||
| Total Risk Alpha | 0.1058 | |||
| Sortino Ratio | 0.1247 | |||
| Treynor Ratio | 1.91 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinetics Small'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 Small Cap Backtested Returns
We consider Kinetics Small very steady. Kinetics Small Cap has Sharpe Ratio of 0.14, which conveys that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kinetics Small, which you can use to evaluate the volatility of the fund. Please verify Kinetics Small's Downside Deviation of 1.17, risk adjusted performance of 0.1141, and Mean Deviation of 0.7534 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. The fund secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kinetics Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kinetics Small is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Kinetics Small Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Kinetics Small time series from 24th of April 2024 to 9th of May 2024 and 9th of May 2024 to 24th of May 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 Small Cap price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Kinetics Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Kinetics Small Cap lagged returns against current returns
Autocorrelation, which is Kinetics Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Kinetics Small returns to help us make a trade decision. For example, suppose you find that Kinetics Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetics Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kinetics Small Lagged Returns
When evaluating Kinetics Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetics Small mutual fund have on its future price. Kinetics Small 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 Small autocorrelation shows the relationship between Kinetics Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kinetics Small Cap.
Regressed Prices |
| Timeline |
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Check out Kinetics Small Correlation, Kinetics Small Volatility and Kinetics Small Alpha and Beta module to complement your research on Kinetics Small. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Kinetics Small 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.