WK Kellogg Correlations

KLG Stock

18.86 0.86 4.78%

The current 90-days correlation between WK Kellogg and Herc Holdings is 0.13 (i.e., Average diversification). The correlation of WK Kellogg 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.

WK Kellogg Correlation With Market

Average diversification

The correlation between WK Kellogg Co and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WK Kellogg Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in WK Kellogg Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against KLG Stock

0.4	IH	Ihuman Inc	Pair Corr
0.33	VINE	Fresh Grapes LLC	Pair Corr
0.32	JZ	Jianzhi Education	Pair Corr

Related Correlations Analysis

	URI	FTAIM	CNP	HRI	LLGCF	CTOS	VST	CAR
URI		0.77	0.82	0.81	0.0	0.29	0.9	0.69	URI
FTAIM	0.77		0.81	0.9	0.0	0.49	0.82	0.66	FTAIM
CNP	0.82	0.81		0.71	0.0	0.29	0.96	0.63	CNP
HRI	0.81	0.9	0.71		0.0	0.57	0.8	0.73	HRI
LLGCF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	LLGCF
CTOS	0.29	0.49	0.29	0.57	0.0		0.34	0.74	CTOS
VST	0.9	0.82	0.96	0.8	0.0	0.34		0.73	VST
CAR	0.69	0.66	0.63	0.73	0.0	0.74	0.73		CAR
	URI	FTAIM	CNP	HRI	LLGCF	CTOS	VST	CAR

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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

VST	+ 0.96	CNP
VST	+ 0.9	URI
HRI	+ 0.9	FTAIM
CNP	+ 0.82	URI
VST	+ 0.82	FTAIM
HRI	+ 0.81	URI

High negative correlations

CAR	- 0.0	LLGCF
VST	- 0.0	LLGCF
CTOS	- 0.0	LLGCF
LLGCF	- 0.0	HRI
LLGCF	- 0.0	CNP
LLGCF	- 0.0	FTAIM

Risk-Adjusted Indicators

There is a big difference between KLG Stock performing well and WK Kellogg 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 WK Kellogg'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
URI	1.42	0.02	0.10	0.13	1.21	(1.82)	2.67	(2.03)	12.35
FTAIM	0.54	0.09	(0.04)	1.39	0.53	(0.59)	1.38	(1.40)	3.64
CNP	0.88	0.27	0.12	(6.03)	0.95	(0.99)	1.80	(1.74)	5.92
HRI	2.17	0.51	0.38	0.36	1.14	(2.70)	6.47	(2.36)	20.05
LLGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTOS	2.69	0.15	0.11	0.18	2.69	(2.97)	8.95	(4.61)	17.86
VST	3.06	0.88	0.27	0.64	2.92	(3.60)	6.32	(4.36)	22.81
CAR	2.86	0.01	0.07	0.12	3.04	(3.21)	6.48	(5.52)	16.84

WK Kellogg Corporate Management

Sarah Ludmer	Chief Officer	Profile
Sherry BriceWilliamson	Chief Officer	Profile
Bill Rex	Chief Officer	Profile
Doug Vandevelde	Chief Officer	Profile
Lisa Walter	Chief Officer	Profile
Bruce Brown	Chief Officer	Profile

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