Kinetics Paradigm Fund Market Value
| WWNPX Fund | USD 186.19 6.78 3.78% |
| Symbol | Kinetics |
Kinetics Paradigm '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 Paradigm'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 Paradigm.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Kinetics Paradigm on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Kinetics Paradigm Fund or generate 0.0% return on investment in Kinetics Paradigm over 570 days. Kinetics Paradigm is related to or competes with Kinetics Small, Marsico 21st, Royce Smaller-companie, Hodges Fund, and The Fairholme. The fund is a non-diversified fund that invests all of its investable assets in the Paradigm Portfolio, a series of Kine... More
Kinetics Paradigm 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 Paradigm'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 Paradigm Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.3105 | |||
| Maximum Drawdown | 16.52 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 3.9 |
Kinetics Paradigm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kinetics Paradigm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kinetics Paradigm's standard deviation. In reality, there are many statistical measures that can use Kinetics Paradigm historical prices to predict the future Kinetics Paradigm's volatility.| Risk Adjusted Performance | 0.2859 | |||
| Jensen Alpha | 0.6992 | |||
| Total Risk Alpha | 0.4878 | |||
| Sortino Ratio | 0.3225 | |||
| Treynor Ratio | 0.695 |
Kinetics Paradigm Backtested Returns
Kinetics Paradigm appears to be very steady, given 3 months investment horizon. Kinetics Paradigm has Sharpe Ratio of 0.42, which conveys that the entity had a 0.42% return per unit of risk over the last 3 months. By analyzing Kinetics Paradigm's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please exercise Kinetics Paradigm's Mean Deviation of 1.53, risk adjusted performance of 0.2859, and Downside Deviation of 2.24 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 1.21, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kinetics Paradigm will likely underperform.
Auto-correlation | 0.05 |
Virtually no predictability
Kinetics Paradigm Fund has virtually no predictability. Overlapping area represents the amount of predictability between Kinetics Paradigm time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th of November 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 Paradigm price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Kinetics Paradigm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 660.51 |
Kinetics Paradigm lagged returns against current returns
Autocorrelation, which is Kinetics Paradigm 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 Paradigm's mutual fund expected returns. We can calculate the autocorrelation of Kinetics Paradigm returns to help us make a trade decision. For example, suppose you find that Kinetics Paradigm 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 Paradigm 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 Paradigm mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kinetics Paradigm 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 Paradigm mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Kinetics Paradigm Lagged Returns
When evaluating Kinetics Paradigm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kinetics Paradigm mutual fund have on its future price. Kinetics Paradigm 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 Paradigm autocorrelation shows the relationship between Kinetics Paradigm mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Kinetics Paradigm Fund.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Kinetics Mutual Fund
Kinetics Paradigm financial ratios help investors to determine whether Kinetics Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kinetics with respect to the benefits of owning Kinetics Paradigm security.
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