KRISPY KREME Correlations

9YM Stock

10.30 0.20 1.90%

The current 90-days correlation between KRISPY KREME DL and Superior Plus Corp is -0.3 (i.e., Very good diversification). The correlation of KRISPY KREME 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.

KRISPY KREME Correlation With Market

Significant diversification

The correlation between KRISPY KREME DL 01 and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KRISPY KREME DL 01 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to KRISPY KREME could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KRISPY KREME 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 KRISPY KREME - 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 KRISPY KREME DL 01 to buy it.

Moving against KRISPY Stock

0.52	TEY	Teradyne	Pair Corr
0.37	03F	IDP EDUCATION LTD	Pair Corr
0.35	WWR	Woolworths Group	Pair Corr
0.35	4Y7	PLATO GOLD P	Pair Corr

Related Correlations Analysis

	L8G	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1	6HW
L8G		-0.51	-0.13	-0.07	-0.61	0.01	-0.15	0.5	0.6	-0.42	L8G
8SP	-0.51		0.62	0.28	0.72	0.3	0.27	-0.74	-0.85	0.6	8SP
6NM	-0.13	0.62		0.48	0.15	0.19	0.18	-0.31	-0.42	0.13	6NM
39O1	-0.07	0.28	0.48		0.11	-0.22	0.41	-0.02	-0.23	-0.17	39O1
2DG	-0.61	0.72	0.15	0.11		0.18	0.19	-0.79	-0.86	0.79	2DG
TLX	0.01	0.3	0.19	-0.22	0.18		0.03	-0.18	-0.13	0.42	TLX
TM9	-0.15	0.27	0.18	0.41	0.19	0.03		-0.02	-0.25	-0.01	TM9
INVN	0.5	-0.74	-0.31	-0.02	-0.79	-0.18	-0.02		0.84	-0.75	INVN
IUI1	0.6	-0.85	-0.42	-0.23	-0.86	-0.13	-0.25	0.84		-0.65	IUI1
6HW	-0.42	0.6	0.13	-0.17	0.79	0.42	-0.01	-0.75	-0.65		6HW
	L8G	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1	6HW

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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

IUI1	+ 0.84	INVN
6HW	+ 0.79	2DG
2DG	+ 0.72	8SP
6NM	+ 0.62	8SP
IUI1	+ 0.6	L8G
6HW	+ 0.6	8SP

High negative correlations

IUI1	- 0.86	2DG
IUI1	- 0.85	8SP
INVN	- 0.79	2DG
6HW	- 0.75	INVN
INVN	- 0.74	8SP
6HW	- 0.65	IUI1

Risk-Adjusted Indicators

There is a big difference between KRISPY Stock performing well and KRISPY KREME 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 KRISPY KREME'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
L8G	0.99	0.09	(0.01)	1.53	1.27	(1.32)	1.74	(2.54)	9.23
8SP	2.14	(0.19)	0.00	0.38	0.00	0.00	3.38	(5.24)	20.22
6NM	1.21	0.10	(0.03)	(0.20)	1.77	(1.29)	2.79	(2.69)	9.64
39O1	3.76	0.12	0.02	0.29	3.51	(5.38)	8.41	(5.38)	34.42
2DG	3.82	(1.75)	0.00	(7.86)	0.00	0.00	6.06	(8.57)	52.42
TLX	0.97	0.04	(0.07)	(5.94)	1.13	(1.12)	2.67	(1.64)	7.58
TM9	2.79	(0.03)	(0.02)	0.02	4.27	(3.08)	5.56	(6.43)	36.50
INVN	2.19	0.28	0.05	(1.42)	2.54	(2.59)	5.61	(4.98)	14.01
IUI1	1.26	0.26	0.14	0.90	1.05	(1.49)	3.28	(1.96)	10.01
6HW	0.42	(0.11)	0.00	1.48	0.00	0.00	1.21	(1.80)	5.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in KRISPY KREME 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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