KIMBALL ELECTRONICS Correlations

3C3 Stock

EUR 20.60 0.60 2.83%

The current 90-days correlation between KIMBALL ELECTRONICS and PARKEN Sport Entertainment is 0.03 (i.e., Significant diversification). The correlation of KIMBALL ELECTRONICS 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.

KIMBALL ELECTRONICS Correlation With Market

Good diversification

The correlation between KIMBALL ELECTRONICS and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KIMBALL ELECTRONICS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against KIMBALL Stock

0.35	LSPP	Chocoladefabriken Lindt	Pair Corr
0.33	QBE	QBE Insurance Group	Pair Corr
0.46	SOBA	ATT Inc	Pair Corr
0.31	ARW	Arrow Electronics	Pair Corr

Related Correlations Analysis

	BWGA	D2V	9RT	3LN	2H4	DHR	PSMA
BWGA		-0.33	0.42	-0.4	-0.3	-0.08	0.04	BWGA
D2V	-0.33		0.29	0.52	0.35	0.1	0.45	D2V
9RT	0.42	0.29		-0.13	-0.12	-0.04	0.17	9RT
3LN	-0.4	0.52	-0.13		0.25	-0.03	0.59	3LN
2H4	-0.3	0.35	-0.12	0.25		0.04	0.11	2H4
DHR	-0.08	0.1	-0.04	-0.03	0.04		-0.27	DHR
PSMA	0.04	0.45	0.17	0.59	0.11	-0.27		PSMA
	BWGA	D2V	9RT	3LN	2H4	DHR	PSMA

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

PSMA	+ 0.59	3LN
3LN	+ 0.52	D2V
PSMA	+ 0.45	D2V
9RT	+ 0.42	BWGA
2H4	+ 0.35	D2V
9RT	+ 0.29	D2V

High negative correlations

3LN	- 0.4	BWGA
D2V	- 0.33	BWGA
2H4	- 0.3	BWGA
PSMA	- 0.27	DHR
3LN	- 0.13	9RT
2H4	- 0.12	9RT

Risk-Adjusted Indicators

There is a big difference between KIMBALL Stock performing well and KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS'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
BWGA	1.00	(0.05)	0.00	(0.18)	0.00	0.00	2.50	(2.64)	6.97
D2V	1.91	0.33	0.09	(1.76)	2.04	(2.23)	4.82	(3.71)	11.86
9RT	2.36	0.63	0.00	(1.58)	0.00	0.00	9.09	(6.67)	23.33
3LN	1.63	0.04	(0.03)	0.76	1.85	(1.97)	3.18	(2.96)	8.49
2H4	1.53	0.05	(0.01)	0.48	1.98	(1.75)	3.99	(3.83)	11.59
DHR	2.39	0.45	0.13	1.66	2.32	(2.92)	5.82	(4.24)	29.35
PSMA	1.67	(0.07)	0.00	(0.08)	0.00	0.00	3.60	(4.13)	14.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in KIMBALL ELECTRONICS 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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KIMBALL ELECTRONICS Corporate Management

Elected by the shareholders, the KIMBALL ELECTRONICS's board of directors comprises two types of representatives: KIMBALL ELECTRONICS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KIMBALL. The board's role is to monitor KIMBALL ELECTRONICS's management team and ensure that shareholders' interests are well served. KIMBALL ELECTRONICS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, KIMBALL ELECTRONICS's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gregory Lampert	Independent Director	Profile
Jessica DeLorenzo	Vice President - Human Resources	Profile
Gregory Thaxton	Independent Director	Profile
Adam Baumann	Chief Officer	Profile
Holly Deursen	Independent Director	Profile

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