KKR Co Correlations

KR51 Stock

EUR 144.68 3.40 2.30%

The current 90-days correlation between KKR Co LP and NTG Nordic Transport is 0.19 (i.e., Average diversification). The correlation of KKR Co is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

KKR Co Correlation With Market

Poor diversification

The correlation between KKR Co LP and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KKR Co LP and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to KKR Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KKR Co 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 KKR Co - 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 KKR Co LP to buy it.

Moving together with KKR Stock

0.95	DWD	Morgan Stanley	Pair Corr
0.97	DWD	Morgan Stanley	Pair Corr
0.97	SWG	Charles Schwab	Pair Corr
0.98	GOS	Goldman Sachs	Pair Corr
0.97	GOS	Goldman Sachs	Pair Corr
0.78	DUT	Moodys	Pair Corr
0.83	3HM	MSCI Inc	Pair Corr
0.81	XTP	Sino AG	Pair Corr
0.95	74F	LIFE BANC SPLIT	Pair Corr
0.65	U9O0	OAKRIDGE INTERNATIONAL	Pair Corr
0.61	E908	Lyxor 1	Pair Corr

Moving against KKR Stock

0.86	SG9	Strix Group Plc	Pair Corr
0.76	0KJ	ABERFORTH SMCOS TRLS	Pair Corr
0.71	RFC4	COPAUR MINERALS INC	Pair Corr
0.55	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	5E1	2OX	A2P	NRM	NRSA	9TG	I9V
5E1		0.19	-0.08	0.35	-0.13	-0.06	0.35	5E1
2OX	0.19		-0.12	0.83	-0.16	0.79	0.76	2OX
A2P	-0.08	-0.12		-0.25	0.28	-0.11	-0.1	A2P
NRM	0.35	0.83	-0.25		-0.26	0.57	0.71	NRM
NRSA	-0.13	-0.16	0.28	-0.26		0.08	-0.09	NRSA
9TG	-0.06	0.79	-0.11	0.57	0.08		0.63	9TG
I9V	0.35	0.76	-0.1	0.71	-0.09	0.63		I9V
	5E1	2OX	A2P	NRM	NRSA	9TG	I9V

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Correlation Matchups

Over a given time period, the two securities move together 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

NRM	+ 0.83	2OX
9TG	+ 0.79	2OX
I9V	+ 0.76	2OX
I9V	+ 0.71	NRM
I9V	+ 0.63	9TG
9TG	+ 0.57	NRM

High negative correlations

NRSA	- 0.26	NRM
NRM	- 0.25	A2P
NRSA	- 0.16	2OX
NRSA	- 0.13	5E1
A2P	- 0.12	2OX
9TG	- 0.11	A2P

Risk-Adjusted Indicators

There is a big difference between KKR Stock performing well and KKR Co Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze KKR Co's multiple risk-adjusted performance indicators across the competitive landscape. 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
5E1	0.88	0.12	(0.02)	(0.47)	0.89	(1.14)	2.63	(1.72)	5.19
2OX	1.75	0.58	0.32	1.09	1.10	(2.13)	4.90	(2.78)	15.23
A2P	2.05	0.21	0.06	0.51	2.37	(2.53)	5.50	(5.92)	19.43
NRM	1.13	0.09	0.01	0.34	1.10	(1.63)	3.07	(2.20)	7.02
NRSA	1.54	0.00	(0.04)	0.13	1.81	(1.80)	2.99	(2.63)	12.73
9TG	1.22	0.09	0.02	0.29	1.38	(1.34)	3.18	(2.12)	9.47
I9V	1.89	0.27	0.04	(0.46)	2.01	(2.30)	4.26	(3.42)	11.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in KKR Co without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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