KKR Real Correlations

KREF Stock

USD 11.58 0.12 1.05%

The current 90-days correlation between KKR Real Estate and Ellington Financial is 0.46 (i.e., Very weak 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

Weak diversification

The correlation between KKR Real Estate and DJI is 0.34 (i.e., Weak 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KKR Real Estate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving against KKR Stock

0.31	LC	LendingClub Corp	Pair Corr
0.6	VINP	Vinci Partners Inves	Pair Corr
0.35	EMCGU	Embrace Change Acqui	Pair Corr
0.32	BRACU	Broad Capital Acquisition	Pair Corr

Related Correlations Analysis

	EFC	BRMK	DX	ACRE	CHMI	ARI	RC	EARN	LADR	CMTG
EFC		-0.47	0.19	0.52	0.5	0.68	0.81	0.68	0.55	0.76	EFC
BRMK	-0.47		-0.12	-0.22	-0.35	-0.17	-0.14	-0.31	-0.23	-0.29	BRMK
DX	0.19	-0.12		0.58	-0.04	-0.1	-0.11	0.32	0.27	0.14	DX
ACRE	0.52	-0.22	0.58		-0.06	0.31	0.43	0.2	0.67	0.64	ACRE
CHMI	0.5	-0.35	-0.04	-0.06		0.1	0.35	0.64	-0.06	0.31	CHMI
ARI	0.68	-0.17	-0.1	0.31	0.1		0.85	0.12	0.77	0.81	ARI
RC	0.81	-0.14	-0.11	0.43	0.35	0.85		0.38	0.64	0.84	RC
EARN	0.68	-0.31	0.32	0.2	0.64	0.12	0.38		-0.03	0.24	EARN
LADR	0.55	-0.23	0.27	0.67	-0.06	0.77	0.64	-0.03		0.84	LADR
CMTG	0.76	-0.29	0.14	0.64	0.31	0.81	0.84	0.24	0.84		CMTG
	EFC	BRMK	DX	ACRE	CHMI	ARI	RC	EARN	LADR	CMTG

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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

RC	+ 0.85	ARI
CMTG	+ 0.84	RC
CMTG	+ 0.84	LADR
RC	+ 0.81	EFC
CMTG	+ 0.81	ARI
LADR	+ 0.77	ARI

High negative correlations

BRMK	- 0.47	EFC
CHMI	- 0.35	BRMK
EARN	- 0.31	BRMK
CMTG	- 0.29	BRMK
LADR	- 0.23	BRMK
ACRE	- 0.22	BRMK

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
EFC	0.63	(0.09)	0.00	(0.17)	0.00	0.00	1.02	(1.26)	4.21
BRMK	1.63	(0.07)	0.00	(0.11)	0.00	0.00	3.02	(4.08)	8.68
DX	0.75	0.02	(0.03)	0.13	1.03	(0.73)	1.54	(1.52)	4.76
ACRE	1.39	0.04	0.02	0.13	1.68	(1.52)	2.88	(2.67)	13.22
CHMI	1.07	(0.43)	0.00	(1.03)	0.00	0.00	1.75	(2.45)	12.10
ARI	0.95	(0.16)	0.00	(0.23)	0.00	0.00	2.23	(2.25)	8.89
RC	1.28	(0.28)	0.00	(0.18)	0.00	0.00	2.95	(2.57)	8.18
EARN	0.81	(0.04)	0.00	(0.10)	0.00	0.00	1.92	(1.85)	5.24
LADR	0.79	(0.06)	(0.07)	0.01	1.04	(0.89)	1.60	(2.06)	6.50
CMTG	2.00	(0.43)	0.00	(0.15)	0.00	0.00	3.80	(5.00)	15.64

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