Kraken Robotics Correlations
| KRKNF Stock | USD 1.82 0.07 3.70% |
The current 90-days correlation between Kraken Robotics and Mind Technology Pref is -0.01 (i.e., Good diversification). The correlation of Kraken Robotics 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.
Kraken Robotics Correlation With Market
Significant diversification
The correlation between Kraken Robotics and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kraken Robotics and DJI in the same portfolio, assuming nothing else is changed.
Kraken |
The ability to find closely correlated positions to Kraken Robotics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kraken Robotics 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 Kraken Robotics - 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 Kraken Robotics to buy it.
Moving together with Kraken OTC Stock
| 0.64 | GRMN | Garmin | PairCorr |
| 0.72 | TRMB | Trimble | PairCorr |
| 0.82 | PLTR | Palantir Technologies Earnings Call This Week | PairCorr |
| 0.65 | ISRG | Intuitive Surgical | PairCorr |
| 0.73 | PYPL | PayPal Holdings Earnings Call This Week | PairCorr |
| 0.84 | 62878U2A9 | NBNAUS 145 05 | PairCorr |
| 0.63 | VIST | Vista Oil Gas | PairCorr |
| 0.81 | GILT | Gilat Satellite Networks | PairCorr |
| 0.76 | V | Visa Class A | PairCorr |
| 0.7 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
Moving against Kraken OTC Stock
| 0.78 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.76 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.72 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.72 | PBCRF | PT Bank Central | PairCorr |
| 0.7 | PBCRY | Bank Central Asia | PairCorr |
| 0.59 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.56 | BKRKF | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.49 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.38 | KYCCF | Keyence | PairCorr |
| 0.44 | 906548CR1 | US906548CR12 | PairCorr |
| 0.33 | RELIW | Reliance Global Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Kraken OTC Stock performing well and Kraken Robotics 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 Kraken Robotics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MINDP | 1.76 | 0.02 | 0.00 | 0.06 | 0.00 | 3.20 | 22.57 | |||
| SVRE | 5.67 | (1.13) | 0.00 | (0.92) | 0.00 | 6.19 | 96.43 | |||
| FCUV | 9.22 | 1.89 | 0.19 | 0.88 | 8.08 | 15.25 | 197.27 | |||
| NSCIF | 3.51 | (0.18) | 0.00 | 0.43 | 0.00 | 10.00 | 23.79 | |||
| SMIT | 101.02 | 54.96 | 0.00 | (1.75) | 0.00 | 392.23 | 332.62 | |||
| GNSS | 2.78 | (0.24) | 0.00 | (4.43) | 0.00 | 5.15 | 25.15 | |||
| BNSO | 8.21 | 0.22 | 0.05 | 0.13 | 11.31 | 18.45 | 86.38 | |||
| MLAB | 2.46 | 0.29 | 0.08 | 0.49 | 2.94 | 5.04 | 23.18 | |||
| FLXT | 9.63 | 0.14 | 0.00 | (0.49) | 12.79 | 30.00 | 99.04 | |||
| MJLB | 31.74 | 7.86 | 0.15 | (1.21) | 24.32 | 100.00 | 150.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kraken Robotics 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.Did you try this?
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Kraken Robotics Corporate Management
Elected by the shareholders, the Kraken Robotics' board of directors comprises two types of representatives: Kraken Robotics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kraken. The board's role is to monitor Kraken Robotics' management team and ensure that shareholders' interests are well served. Kraken Robotics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kraken Robotics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph CA | Chief Officer | Profile | |
| Shauna Cotie | Marketing Mang | Profile | |
| David PEng | Ex Products | Profile | |
| Moya PEng | Ex PanGeo | Profile | |
| Sean Chapman | Chief Engineer | Profile |