KKR Real Correlations
The current 90-days correlation between KKR Real Estate and Invesco Mortgage Capital is -0.13 (i.e., Good diversification). The correlation of KKR Real 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.
KKR Real Correlation With Market
Good diversification
The correlation between KKR Real Estate and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KKR Real Estate and DJI in the same portfolio, assuming nothing else is changed.
Moving together with KKR Stock
| 0.62 | RC | Ready Capital Corp Buyout Trend | PairCorr |
| 0.66 | ACR | Acres Commercial Realty | PairCorr |
| 0.65 | EFC | Ellington Financial | PairCorr |
| 0.61 | GPMT | Granite Point Mortgage | PairCorr |
| 0.78 | LADR | Ladder Capital Corp | PairCorr |
| 0.72 | LOAN | Manhattan Bridge Capital Earnings Call This Week | PairCorr |
| 0.72 | PLUG | Plug Power | PairCorr |
| 0.75 | RXRX | Recursion Pharmaceuticals Aggressive Push | PairCorr |
Moving against KKR Stock
| 0.48 | ARI | Apollo Commercial Real | PairCorr |
| 0.37 | DDT | Dillards Capital Trust | PairCorr |
| 0.33 | RWT | Redwood Trust | PairCorr |
| 0.71 | CENT | Central Garden Pet | PairCorr |
| 0.62 | ABEV | Ambev SA ADR Aggressive Push | PairCorr |
| 0.53 | MGDDF | Compagnie Gnrale des | PairCorr |
| 0.4 | SOJE | Southern Company | PairCorr |
| 0.35 | F | Ford Motor | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between KKR Stock performing well and KKR Real 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 KKR Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IVR | 1.11 | 0.32 | 0.14 | (0.54) | 1.07 | 2.40 | 8.40 | |||
| RC | 2.52 | (0.48) | 0.00 | 4.47 | 0.00 | 4.85 | 17.92 | |||
| CMTG | 2.65 | (0.16) | 0.00 | (2.85) | 0.00 | 6.01 | 20.69 | |||
| NREF | 1.10 | 0.19 | 0.07 | (0.61) | 1.14 | 2.48 | 8.26 | |||
| ADAM | 1.41 | 0.34 | 0.12 | (1.91) | 1.70 | 3.31 | 9.71 | |||
| CTO | 0.94 | 0.23 | 0.12 | (1.32) | 0.84 | 2.32 | 5.37 | |||
| BFS | 0.95 | 0.20 | 0.10 | (3.07) | 0.89 | 2.44 | 6.30 | |||
| TRTX | 0.94 | 0.02 | (0.05) | (0.03) | 1.48 | 1.47 | 7.85 |
KKR Real Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with KKR Real stock to make a market-neutral strategy. Peer analysis of KKR Real could also be used in its relative valuation, which is a method of valuing KKR Real by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |