Kingsmen Creatives Correlations

KMNCF Stock

USD 0.17 0.00 0.00%

The current 90-days correlation between Kingsmen Creatives and Pembina Pipeline is -0.01 (i.e., Good diversification). The correlation of Kingsmen Creatives 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.

Kingsmen Creatives Correlation With Market

Significant diversification

The correlation between Kingsmen Creatives and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingsmen Creatives and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kingsmen Pink Sheet

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0.68	EXPGY	Experian plc PK	Pair Corr
0.71	TRU	TransUnion Normal Trading	Pair Corr
0.76	BAH	Booz Allen Hamilton	Pair Corr
0.85	BYCRF	BayCurrent Consulting	Pair Corr
0.71	FONU	Fonu2 Inc	Pair Corr

Moving against Kingsmen Pink Sheet

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0.93	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.86	LDTCW	LeddarTech Holdings	Pair Corr
0.75	KVYO	Klaviyo,	Pair Corr
0.75	NOTE	FiscalNote Holdings	Pair Corr
0.68	CLEU	China Liberal Education	Pair Corr
0.67	META	Meta Platforms Aggressive Push	Pair Corr
0.67	KODK	Eastman Kodak Buyout Trend	Pair Corr
0.55	CAN	Canaan Inc	Pair Corr
0.46	CNVS	Cineverse Corp	Pair Corr
0.46	SNX	Synnex	Pair Corr
0.41	LITE	Lumentum Holdings Earnings Call This Week	Pair Corr
0.87	CIEN	Ciena Corp	Pair Corr
0.84	TATT	Tat Techno	Pair Corr
0.78	SATX	SatixFy Communications	Pair Corr
0.68	ET	Energy Transfer LP	Pair Corr
0.68	DEFTF	DeFi Technologies	Pair Corr
0.67	PDYN	Palladyne AI Corp Symbol Change	Pair Corr

Related Correlations Analysis

	PBNAF	VSTA	ATGE	STRA	MJDLF	RIG	DKDRF
PBNAF		0.45	-0.49	-0.37	0.42	0.49	-0.56	PBNAF
VSTA	0.45		-0.11	-0.31	0.21	0.49	-0.13	VSTA
ATGE	-0.49	-0.11		0.66	-0.2	-0.18	0.85	ATGE
STRA	-0.37	-0.31	0.66		0.31	0.06	0.43	STRA
MJDLF	0.42	0.21	-0.2	0.31		0.55	-0.34	MJDLF
RIG	0.49	0.49	-0.18	0.06	0.55		-0.48	RIG
DKDRF	-0.56	-0.13	0.85	0.43	-0.34	-0.48		DKDRF
	PBNAF	VSTA	ATGE	STRA	MJDLF	RIG	DKDRF

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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

DKDRF	+ 0.85	ATGE
STRA	+ 0.66	ATGE
RIG	+ 0.55	MJDLF
RIG	+ 0.49	PBNAF
RIG	+ 0.49	VSTA
VSTA	+ 0.45	PBNAF

High negative correlations

DKDRF	- 0.56	PBNAF
ATGE	- 0.49	PBNAF
DKDRF	- 0.48	RIG
STRA	- 0.37	PBNAF
DKDRF	- 0.34	MJDLF
STRA	- 0.31	VSTA

Risk-Adjusted Indicators

There is a big difference between Kingsmen Pink Sheet performing well and Kingsmen Creatives 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 Kingsmen Creatives' 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
PBNAF	0.18	(0.07)	0.00	6.08	0.00	0.00	0.06	(0.61)	4.10
VSTA	2.64	0.03	0.01	0.13	3.27	(3.02)	4.80	(5.56)	21.46
ATGE	1.55	0.49	0.21	1.14	1.67	(1.76)	2.88	(2.91)	15.11
STRA	1.09	0.17	0.09	0.38	1.11	(1.21)	2.48	(1.88)	13.91
MJDLF	1.44	(0.11)	0.00	(1.57)	0.00	0.00	2.48	(3.51)	14.08
RIG	2.28	(0.08)	0.00	(0.09)	0.00	0.00	5.16	(4.09)	14.43
DKDRF	1.31	0.54	0.17	6.55	0.59	(4.15)	3.75	(1.01)	22.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kingsmen Creatives 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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