Kion Group Correlations

KIGRY Stock

USD 8.61 0.16 1.89%

The correlation of Kion Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kion Group Correlation With Market

Good diversification

The correlation between Kion Group AG and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kion Group AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kion Pink Sheet

0.82	VLVLY	Volvo AB ADR Earnings Call This Week	Pair Corr
0.62	VOLVF	Volvo AB ser Earnings Call This Week	Pair Corr
0.63	VOLAF	AB Volvo Earnings Call This Week	Pair Corr
0.67	DTRUY	Daimler Truck Holding	Pair Corr
0.62	AAGH	America Great Health	Pair Corr

Moving against Kion Pink Sheet

0.57	STI	Solidion Technology Symbol Change	Pair Corr
0.48	DE	Deere Company	Pair Corr
0.8	FNMAN	Federal National Mortgage	Pair Corr
0.79	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.77	SITIF	SITC International	Pair Corr
0.76	DKL	Delek Logistics Partners	Pair Corr
0.76	NBIX	Neurocrine Biosciences	Pair Corr
0.72	WMT	Walmart	Pair Corr
0.72	NFLX	Netflix Earnings Call This Week	Pair Corr
0.69	SNOW	Snowflake	Pair Corr
0.69	QNCCF	Quantum eMotion	Pair Corr
0.66	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.64	LBTYA	Liberty Global PLC	Pair Corr
0.61	RR	Richtech Robotics Class Downward Rally	Pair Corr
0.6	NI	NiSource	Pair Corr
0.56	BMO	Bank of Montreal	Pair Corr
0.41	PAGP	Plains GP Holdings Sell-off Trend	Pair Corr
0.83	IONQ	IONQ Inc Downward Rally	Pair Corr
0.8	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.78	MTEK	Maris Tech	Pair Corr
0.74	PRZO	ParaZero Technologies Buyout Trend	Pair Corr

Related Correlations Analysis

	REVG	GENC	ALG	WNC	CMCO	IDEX	DE	CAT	ZEV	LEV
REVG		-0.33	0.34	-0.1	0.64	-0.52	0.55	-0.31	-0.5	-0.73	REVG
GENC	-0.33		0.6	0.89	0.32	0.45	0.07	0.82	0.03	0.61	GENC
ALG	0.34	0.6		0.71	0.82	-0.02	0.49	0.44	-0.35	-0.07	ALG
WNC	-0.1	0.89	0.71		0.55	0.35	0.21	0.77	-0.09	0.49	WNC
CMCO	0.64	0.32	0.82	0.55		-0.17	0.7	0.24	-0.53	-0.37	CMCO
IDEX	-0.52	0.45	-0.02	0.35	-0.17		0.07	0.6	0.16	0.66	IDEX
DE	0.55	0.07	0.49	0.21	0.7	0.07		0.19	-0.56	-0.47	DE
CAT	-0.31	0.82	0.44	0.77	0.24	0.6	0.19		0.07	0.63	CAT
ZEV	-0.5	0.03	-0.35	-0.09	-0.53	0.16	-0.56	0.07		0.48	ZEV
LEV	-0.73	0.61	-0.07	0.49	-0.37	0.66	-0.47	0.63	0.48		LEV
	REVG	GENC	ALG	WNC	CMCO	IDEX	DE	CAT	ZEV	LEV

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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

WNC	+ 0.89	GENC
CAT	+ 0.82	GENC
CMCO	+ 0.82	ALG
CAT	+ 0.77	WNC
WNC	+ 0.71	ALG
DE	+ 0.7	CMCO

High negative correlations

LEV	- 0.73	REVG
ZEV	- 0.56	DE
ZEV	- 0.53	CMCO
IDEX	- 0.52	REVG
ZEV	- 0.5	REVG
LEV	- 0.47	DE

Risk-Adjusted Indicators

There is a big difference between Kion Pink Sheet performing well and Kion Group 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 Kion Group'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
REVG	2.17	0.34	0.15	0.33	1.98	(2.92)	6.07	(3.45)	18.42
GENC	2.01	(0.27)	0.00	(0.71)	0.00	0.00	3.38	(4.44)	16.53
ALG	1.30	0.04	0.01	0.16	1.55	(1.31)	2.28	(2.40)	13.75
WNC	1.84	(0.18)	0.00	(0.36)	0.00	0.00	3.03	(4.07)	12.44
CMCO	1.38	0.04	0.03	0.07	1.55	(1.59)	3.74	(2.80)	12.30
IDEX	520.73	277.68	5.37	(5.08)	56.76	(648.30)	233.33	(74.07)	1,119
DE	1.29	0.17	0.11	0.64	1.27	(1.56)	3.59	(1.91)	12.01
CAT	1.14	(0.03)	0.00	(0.05)	0.00	0.00	2.12	(2.72)	12.38
ZEV	5.84	(0.39)	0.00	0.38	0.00	0.00	12.37	(12.78)	52.79
LEV	7.84	(2.10)	0.00	3.81	0.00	0.00	14.29	(20.83)	85.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kion Group 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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Kion Group Corporate Management

Henry Puhl	CTO Board	Profile
Joachim Kaffanke	Head Office	Profile
Jonathan Dawley	Pres America	Profile
Richard Smith	Interim CEO	Profile
Ching Quek	Member of the Executive Board, Chief Asia Pacific Officer	Profile
Sebastian Ubert	VP Relations	Profile
Andreas Krinninger	Pres Board	Profile

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