Kooth Plc Correlations

Stocks . UK . 
Stock . Kooth plc
KOO Stock   115.00  0.00  0.00%   
The current 90-days correlation between Kooth plc and Helium One Global is -0.05 (i.e., Good diversification). The correlation of Kooth Plc 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.

Kooth Plc Correlation With Market

Significant diversification

The correlation between Kooth plc and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kooth plc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Kooth Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kooth Plc 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 Kooth Plc - 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 Kooth plc to buy it.

Moving against Kooth Stock

  0.90RQ9 Lundin Mining CorpPairCorr
  0.85BLND British LandPairCorr
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  0.84BNC Banco Santander SAPairCorr
  0.830MDT Electrolux AB ClassPairCorr
  0.82PCFT Polar Capital GlobalPairCorr
  0.79DRX Drax Group PLCPairCorr
  0.770JRL Kohl CorpPairCorr
  0.77ALK Alkemy Capital InvesPairCorr
  0.75RS1 RS GROUP PLCPairCorr
  0.70R15 SoftBank Group CorpPairCorr
  0.7BOWL Hollywood Bowl GroupPairCorr
  0.670O76 AP Moeller MaerskPairCorr
  0.660O77 AP MoellerPairCorr
  0.65ECO Eco Oil GasPairCorr
  0.64SKL Skillcast Group PLCPairCorr
  0.63SPAL Source Physical PalladiumPairCorr
  0.63WIX Wickes Group PLCPairCorr
  0.62TENG Ten Lifestyle GroupPairCorr
  0.38SAFE Safestore Holdings PlcPairCorr
  0.92IHG InterContinental HotelsPairCorr
  0.9SUS SU plcPairCorr
  0.9JUST Just Group plcPairCorr
  0.89BERI Blackrock EnergyPairCorr
  0.840QZK Coca ColaPairCorr
  0.83BGEO Lion Finance GroupPairCorr
  0.82EUA Eurasia MiningPairCorr
  0.820SCL SchlumbergerPairCorr
  0.79SSLN iShares Physical SilverPairCorr
  0.79GBSS Gold Bullion SecuritiesPairCorr
  0.77SGLP Invesco Physical GoldPairCorr

Related Correlations Analysis


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

CLA
+ 0.46
HE1
PANR
+ 0.44
ROCK
HE1
+ 0.37
GMET
CLA
+ 0.28
GMET
CLA
+ 0.24
PANR
ALK
+ 0.24
HE1
  

High negative correlations

ALK
- 0.76
ROCK
ALK
- 0.29
GMET
PANR
- 0.24
GMET
ALK
- 0.21
PANR
QBT
- 0.14
HE1
QBT
- 0.14
PANR

Risk-Adjusted Indicators

There is a big difference between Kooth Stock performing well and Kooth Plc 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 Kooth Plc'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kooth Plc 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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Kooth Plc Corporate Management

Elected by the shareholders, the Kooth Plc's board of directors comprises two types of representatives: Kooth Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kooth. The board's role is to monitor Kooth Plc's management team and ensure that shareholders' interests are well served. Kooth Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kooth Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
Angela KravetsChief OfficerProfile
Anna ShipmanChief OfficerProfile
Aaron SefiChief OfficerProfile
Lynne GreenChief OfficerProfile
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