Knorr-Bremse Aktiengesellscha Correlations
| KNRRY Stock | USD 19.03 0.12 0.63% |
The current 90-days correlation between Knorr-Bremse Aktiengesellscha and Allison Transmission Holdings is 0.15 (i.e., Average diversification). The correlation of Knorr-Bremse Aktiengesellscha 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.
Knorr-Bremse Aktiengesellscha Correlation With Market
Average diversification
The correlation between Knorr Bremse Aktiengesellschaf and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knorr Bremse Aktiengesellschaf and DJI in the same portfolio, assuming nothing else is changed.
Knorr-Bremse |
The ability to find closely correlated positions to Knorr-Bremse Aktiengesellscha could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Knorr-Bremse Aktiengesellscha 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 Knorr-Bremse Aktiengesellscha - 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 Knorr Bremse Aktiengesellschaft to buy it.
Moving together with Knorr-Bremse Pink Sheet
| 0.75 | BRDCY | Bridgestone Corp ADR | PairCorr |
| 0.64 | SHG | Shinhan Financial | PairCorr |
| 0.81 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.7 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Knorr-Bremse Pink Sheet
| 0.85 | FYGGY | Fuyao Glass Industry | PairCorr |
| 0.82 | JPHLF | Japan Post Holdings | PairCorr |
| 0.8 | SMFG | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.77 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.75 | MFG | Mizuho Financial | PairCorr |
| 0.73 | MBLY | Mobileye Global Class Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.61 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.61 | MZHOF | Mizuho Financial Downward Rally | PairCorr |
| 0.55 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.33 | DNZOF | DENSO Upward Rally | PairCorr |
| 0.66 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.6 | WMT | Walmart Aggressive Push | PairCorr |
| 0.58 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.49 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.42 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Knorr-Bremse Pink Sheet performing well and Knorr-Bremse Aktiengesellscha 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 Knorr-Bremse Aktiengesellscha'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALSN | 1.19 | 0.22 | 0.24 | 0.28 | 0.78 | 2.73 | 9.25 | |||
| LAZR | 5.25 | (1.01) | 0.00 | (0.16) | 0.00 | 12.23 | 33.67 | |||
| QS | 2.54 | (0.16) | 0.00 | (0.06) | 0.00 | 3.88 | 33.56 | |||
| LEA | 1.49 | (0.40) | 0.00 | (0.19) | 0.00 | 3.00 | 9.76 | |||
| BWA | 1.33 | (0.11) | (0.05) | 0.03 | 1.70 | 2.84 | 7.85 | |||
| ALV | 1.54 | (0.13) | (0.07) | (0.01) | 1.84 | 2.80 | 8.85 | |||
| FOXF | 1.96 | (0.53) | 0.00 | (0.14) | 0.00 | 3.31 | 15.31 | |||
| LKQ | 1.06 | (0.20) | 0.00 | (0.10) | 0.00 | 2.60 | 7.01 | |||
| MBLY | 3.84 | 0.22 | 0.09 | 0.21 | 4.19 | 10.51 | 25.50 | |||
| INVZ | 4.21 | 0.08 | 0.08 | 0.15 | 3.75 | 12.24 | 31.64 |
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Knorr-Bremse Aktiengesellscha Corporate Management
| Claudia Mayfeld | Member Board | Profile | |
| Jurgen Wilder | Member Systems | Profile | |
| Andreas Spitzauer | Head Relations | Profile | |
| Bernd Spies | Member Board | Profile | |
| Alexander StechertMayerhofer | Head Communications | Profile | |
| Frank Weber | CFO CEO | Profile |