Kinetics Global Fund Market Value
| WWWEX Fund | USD 11.59 0.17 1.45% |
| Symbol | Kinetics |
Kinetics Global '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 Global'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 Global.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Kinetics Global on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Kinetics Global Fund or generate 0.0% return on investment in Kinetics Global over 720 days. Kinetics Global is related to or competes with Fidelity Strategic, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and Bondbloxx ETF. The fund is a diversified fund that invests all of its investable assets in the Global Portfolio, a series of Kinetics P... More
Kinetics Global 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 Global'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 Global Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.1665 | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.51 |
Kinetics Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetics Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetics Global's standard deviation. In reality, there are many statistical measures that can use Kinetics Global historical prices to predict the future Kinetics Global's volatility.| Risk Adjusted Performance | 0.1461 | |||
| Jensen Alpha | 0.2667 | |||
| Total Risk Alpha | 0.1342 | |||
| Sortino Ratio | 0.1616 | |||
| Treynor Ratio | 0.3304 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kinetics Global'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 Global Backtested Returns
Kinetics Global appears to be not too volatile, given 3 months investment horizon. Kinetics Global has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kinetics Global, which you can use to evaluate the volatility of the fund. Please exercise Kinetics Global's Downside Deviation of 1.7, risk adjusted performance of 0.1461, and Mean Deviation of 1.3 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.09, which conveys a somewhat significant risk relative to the market. Kinetics Global returns are very sensitive to returns on the market. As the market goes up or down, Kinetics Global is expected to follow.
Auto-correlation | 0.10 |
Insignificant predictability
Kinetics Global Fund has insignificant predictability. Overlapping area represents the amount of predictability between Kinetics Global time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 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 Global price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Kinetics Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.55 |
Kinetics Global lagged returns against current returns
Autocorrelation, which is Kinetics Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Kinetics Global returns to help us make a trade decision. For example, suppose you find that Kinetics Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetics Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kinetics Global Lagged Returns
When evaluating Kinetics Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetics Global mutual fund have on its future price. Kinetics Global 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 Global autocorrelation shows the relationship between Kinetics Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kinetics Global Fund.
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 Global 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 Global's short interest history, or implied volatility extrapolated from Kinetics Global options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Kinetics Global Correlation, Kinetics Global Volatility and Kinetics Global Alpha and Beta module to complement your research on Kinetics Global. Note that the Kinetics Global information on this page should be used as a complementary analysis to other Kinetics Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Kinetics Global 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.