Kestrel Correlations
| KG Stock | 11.84 0.07 0.59% |
The current 90-days correlation between Kestrel Group and Altigen Communications is 0.03 (i.e., Significant diversification). The correlation of Kestrel 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.
Kestrel Correlation With Market
Excellent diversification
The correlation between Kestrel Group and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kestrel Group and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Kestrel Stock
Moving against Kestrel Stock
| 0.64 | RHO6 | Roche Holding | PairCorr |
| 0.63 | LDZU | ASPEN PHARUNADR 1 | PairCorr |
| 0.53 | DYF1 | Dynavax Technologies Earnings Call This Week | PairCorr |
| 0.49 | TED | TerrAscend Corp | PairCorr |
| 0.32 | 7XP | Organon | PairCorr |
| 0.77 | MRK | Merck KGaA | PairCorr |
| 0.77 | C43 | Cosmo Pharmaceuticals | PairCorr |
| 0.74 | VRCA | Verrica Pharmaceuticals | PairCorr |
| 0.73 | TEV | Teva Pharmaceutical | PairCorr |
| 0.66 | BRM | Bristol Myers Squibb | PairCorr |
| 0.63 | R9U2 | Green Thumb Industries | PairCorr |
| 0.59 | VM | Voyageur Pharmaceuticals | PairCorr |
| 0.53 | CVG | CSPC Pharmaceutical | PairCorr |
| 0.5 | VTRS | Viatris Sell-off Trend | PairCorr |
| 0.35 | VTYX | Ventyx Biosciences | PairCorr |
| 0.34 | ELAN | Elanco Animal Health | PairCorr |
| 0.33 | SFZN | Siegfried Holding Earnings Call This Week | PairCorr |
| 0.85 | HHU | ALLERGY THER PLC | PairCorr |
| 0.83 | TLRY | Tilray Inc Split | PairCorr |
| 0.74 | EVOK | Evoke Pharma | PairCorr |
| 0.68 | EYPT | Eyepoint Pharmaceuticals | PairCorr |
| 0.61 | LDZA | Aspen Pharmacare Holdings | PairCorr |
| 0.59 | TSND | TerrAscend Corp | PairCorr |
| 0.57 | YPHA | ASTELLAS PHARMA UNSPADR | PairCorr |
| 0.48 | 6CW | CIG WIRELESS | PairCorr |
Related Correlations Analysis
| -0.21 | -0.28 | 0.0 | 0.17 | 0.0 | BKFCF | ||
| -0.21 | 0.78 | 0.0 | -0.51 | 0.0 | ATGN | ||
| -0.28 | 0.78 | 0.0 | -0.79 | 0.0 | FKWL | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TOMDF | ||
| 0.17 | -0.51 | -0.79 | 0.0 | 0.0 | KNOIF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPMMF | ||
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Kestrel Stock performing well and Kestrel 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 Kestrel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKFCF | 0.45 | 0.10 | 0.00 | (0.10) | 0.00 | 0.00 | 13.76 | |||
| ATGN | 2.43 | (0.30) | 0.00 | 0.51 | 0.00 | 5.00 | 34.04 | |||
| FKWL | 1.57 | (0.31) | 0.00 | 1.75 | 0.00 | 3.56 | 9.54 | |||
| TOMDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KNOIF | 0.30 | 0.14 | 0.00 | 1.62 | 0.00 | 0.00 | 10.08 | |||
| SPMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |