Kontrol Technologies Correlations

KNRLF Stock

USD 0.14 0.01 7.69%

The current 90-days correlation between Kontrol Technologies Corp and Quisitive Technology Solutions is 0.05 (i.e., Significant diversification). The correlation of Kontrol Technologies 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.

Kontrol Technologies Correlation With Market

Good diversification

The correlation between Kontrol Technologies Corp and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kontrol Technologies Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Kontrol OTC Stock

0.46	INFY	Infosys Ltd ADR	Pair Corr
0.45	WF	Woori Financial Group	Pair Corr
0.4	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.37	CGEMY	Capgemini SE ADR	Pair Corr
0.36	PPERY	Bank Mandiri Persero	Pair Corr
0.35	PTBRY	Bank Negara Indonesia	Pair Corr
0.33	SHG	Shinhan Financial	Pair Corr
0.31	BKRKY	Bank Rakyat	Pair Corr
0.56	VZ	Verizon Communications Aggressive Push	Pair Corr
0.47	UDR	UDR Inc	Pair Corr
0.37	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	IMCI	SEAV	XALL	GTCH	QUISF	NGRRF	DVRNF	APPEF	APXYY	CTSDF
IMCI		-0.05	0.22	0.01	0.3	0.09	0.0	-0.17	-0.08	0.19	IMCI
SEAV	-0.05		0.14	0.01	0.07	-0.04	0.0	-0.15	-0.01	0.13	SEAV
XALL	0.22	0.14		0.12	0.49	-0.54	0.0	-0.75	-0.72	0.6	XALL
GTCH	0.01	0.01	0.12		-0.01	-0.11	0.0	-0.26	-0.13	0.0	GTCH
QUISF	0.3	0.07	0.49	-0.01		0.14	0.0	-0.38	-0.05	0.48	QUISF
NGRRF	0.09	-0.04	-0.54	-0.11	0.14		0.0	0.67	0.82	-0.38	NGRRF
DVRNF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	DVRNF
APPEF	-0.17	-0.15	-0.75	-0.26	-0.38	0.67	0.0		0.79	-0.44	APPEF
APXYY	-0.08	-0.01	-0.72	-0.13	-0.05	0.82	0.0	0.79		-0.39	APXYY
CTSDF	0.19	0.13	0.6	0.0	0.48	-0.38	0.0	-0.44	-0.39		CTSDF
	IMCI	SEAV	XALL	GTCH	QUISF	NGRRF	DVRNF	APPEF	APXYY	CTSDF

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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

APXYY	+ 0.82	NGRRF
APXYY	+ 0.79	APPEF
APPEF	+ 0.67	NGRRF
CTSDF	+ 0.6	XALL
QUISF	+ 0.49	XALL
CTSDF	+ 0.48	QUISF

High negative correlations

APPEF	- 0.75	XALL
APXYY	- 0.72	XALL
NGRRF	- 0.54	XALL
CTSDF	- 0.44	APPEF
CTSDF	- 0.39	APXYY
CTSDF	- 0.38	NGRRF

Risk-Adjusted Indicators

There is a big difference between Kontrol OTC Stock performing well and Kontrol Technologies OTC Stock 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 Kontrol Technologies' 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
IMCI	16.24	5.58	0.00	(11.29)	0.00	0.00	40.78	(27.27)	295.07
SEAV	35.27	11.65	0.28	1.22	19.17	(156.31)	185.71	(58.00)	480.00
XALL	6.63	(0.57)	0.00	(2.21)	0.00	0.00	20.00	(16.67)	48.57
GTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QUISF	2.05	(0.24)	0.00	(0.46)	0.00	0.00	4.00	(4.00)	15.41
NGRRF	2.05	0.24	0.07	0.30	2.52	(2.72)	4.86	(2.95)	21.89
DVRNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APPEF	6.61	2.81	0.00	(1.85)	0.00	0.00	29.09	0.00	115.82
APXYY	5.95	1.20	0.09	(8.84)	6.43	(13.48)	13.89	(11.69)	104.52
CTSDF	2.42	(0.76)	0.00	(0.33)	0.00	0.00	3.26	(4.66)	33.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kontrol Technologies 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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