Kion Group Correlations

KIGRY Stock

USD 8.87 0.30 3.50%

The current 90-days correlation between Kion Group AG and Alamo Group is 0.41 (i.e., Very weak diversification). 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

Modest diversification

The correlation between Kion Group AG and DJI is 0.29 (i.e., Modest 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

0.88	VLVLY	Volvo AB ADR	Pair Corr
0.81	VOLVF	Volvo AB ser	Pair Corr
0.61	DTGHF	Daimler Truck Holding	Pair Corr
0.83	EPOKY	Epiroc AB	Pair Corr
0.65	CZR	Caesars Entertainment	Pair Corr

Moving against Kion Pink Sheet

0.54	FSTR	LB Foster	Pair Corr
0.42	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.4	RKLB	Rocket Lab USA Buyout Trend	Pair Corr
0.4	NDAQ	Nasdaq Inc Sell-off Trend	Pair Corr
0.38	TATT	Tat Techno	Pair Corr
0.53	BIVI	Biovie Inc	Pair Corr
0.51	CAE	CAE Inc	Pair Corr
0.45	ROOT	Root Inc	Pair Corr
0.41	HTZ	Hertz Global Holdings Buyout Trend	Pair Corr

Related Correlations Analysis

	REVG	GENC	ALG	WNC	CMCO	IDEX	DE	CAT	ZEV	LEV
REVG		0.73	0.79	0.62	0.73	-0.43	0.37	0.38	0.24	-0.61	REVG
GENC	0.73		0.83	0.47	0.87	-0.11	0.59	0.76	-0.21	-0.8	GENC
ALG	0.79	0.83		0.67	0.77	-0.41	0.46	0.42	0.01	-0.8	ALG
WNC	0.62	0.47	0.67		0.43	-0.43	0.18	-0.04	0.39	-0.31	WNC
CMCO	0.73	0.87	0.77	0.43		-0.15	0.66	0.75	-0.14	-0.81	CMCO
IDEX	-0.43	-0.11	-0.41	-0.43	-0.15		-0.12	0.24	-0.14	0.32	IDEX
DE	0.37	0.59	0.46	0.18	0.66	-0.12		0.67	-0.28	-0.62	DE
CAT	0.38	0.76	0.42	-0.04	0.75	0.24	0.67		-0.47	-0.57	CAT
ZEV	0.24	-0.21	0.01	0.39	-0.14	-0.14	-0.28	-0.47		0.28	ZEV
LEV	-0.61	-0.8	-0.8	-0.31	-0.81	0.32	-0.62	-0.57	0.28		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

CMCO	+ 0.87	GENC
ALG	+ 0.83	GENC
ALG	+ 0.79	REVG
CMCO	+ 0.77	ALG
CAT	+ 0.76	GENC
CAT	+ 0.75	CMCO

High negative correlations

LEV	- 0.81	CMCO
LEV	- 0.8	ALG
LEV	- 0.8	GENC
LEV	- 0.62	DE
LEV	- 0.61	REVG
LEV	- 0.57	CAT

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	2.27	(0.20)	(0.01)	0.04	2.77	(2.87)	6.03	(4.30)	15.31
GENC	1.52	(0.06)	0.03	0.10	1.73	(1.69)	3.56	(3.52)	12.08
ALG	1.44	(0.05)	0.02	0.10	1.48	(1.52)	2.41	(2.40)	12.98
WNC	1.57	(0.14)	(0.03)	0.04	1.81	(1.64)	3.00	(2.92)	9.47
CMCO	1.77	0.02	0.08	0.14	1.72	(1.95)	3.87	(2.70)	10.66
IDEX	4.16	0.13	0.00	0.08	0.00	0.00	11.32	(9.09)	25.90
DE	1.12	0.22	0.15	0.39	0.98	(1.33)	2.16	(1.86)	8.40
CAT	1.32	0.01	0.07	0.13	1.35	(1.37)	3.36	(2.13)	12.38
ZEV	5.84	(0.35)	0.00	0.89	0.00	0.00	12.37	(12.78)	52.79
LEV	4.98	(1.96)	0.00	(1.28)	0.00	0.00	12.50	(14.71)	41.71

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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