Krones AG Correlations

KRNTY Stock

USD 78.12 0.00 0.00%

The current 90-days correlation between Krones AG and OC Oerlikon is -0.02 (i.e., Good diversification). The correlation of Krones AG 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.

Krones AG Correlation With Market

Significant diversification

The correlation between Krones AG and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Krones AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Krones AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Krones AG 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 Krones AG - 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 Krones AG to buy it.

Moving together with Krones Pink Sheet

0.88	PH	Parker Hannifin	Pair Corr
0.9	B	Barrick Mining Symbol Change	Pair Corr
0.65	ALVLF	Big Ridge Gold	Pair Corr
0.64	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.9	GM	General Motors Sell-off Trend	Pair Corr
0.62	KYOCF	Kyocera	Pair Corr
0.82	REGN	Regeneron Pharmaceuticals	Pair Corr
0.91	HL	Hecla Mining	Pair Corr
0.69	AKAM	Akamai Technologies	Pair Corr
0.84	BAC	Bank of America	Pair Corr
0.7	GWW	WW Grainger	Pair Corr
0.92	CX	Cemex SAB de Aggressive Push	Pair Corr
0.74	CRRFY	Carrefour SA PK	Pair Corr
0.72	IDN	Intellicheck Mobilisa	Pair Corr
0.66	EGP	EastGroup Properties	Pair Corr

Moving against Krones Pink Sheet

0.84	GLABF	Gemina Laboratories	Pair Corr
0.78	NSFDF	NXT Energy Solutions	Pair Corr
0.77	ETN	Eaton PLC	Pair Corr
0.48	ZTLLF	Zonetail	Pair Corr
0.34	SBGSY	Schneider Electric	Pair Corr
0.34	SBGSF	Schneider Electric	Pair Corr
0.49	CYPS	Cyclo3pss	Pair Corr
0.45	12532HAF1	GIBACN 23 14	Pair Corr
0.33	SWRM	Appswarm	Pair Corr
0.31	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	GLYYY	OERLF	CHRHF	SISXF	AMDLY	BIRDF	TCLAF	CHDGF	KIERF	TCLCF
GLYYY		-0.47	0.73	-0.54	-0.19	0.59	-0.48	0.2	-1.0	0.0	GLYYY
OERLF	-0.47		-0.09	0.46	-0.02	-0.07	0.76	0.16	0.47	0.0	OERLF
CHRHF	0.73	-0.09		-0.45	-0.5	0.64	-0.06	0.45	-0.73	0.0	CHRHF
SISXF	-0.54	0.46	-0.45		0.38	0.0	0.47	-0.06	0.54	0.0	SISXF
AMDLY	-0.19	-0.02	-0.5	0.38		-0.03	-0.08	-0.58	0.18	0.0	AMDLY
BIRDF	0.59	-0.07	0.64	0.0	-0.03		0.06	0.37	-0.59	0.0	BIRDF
TCLAF	-0.48	0.76	-0.06	0.47	-0.08	0.06		0.4	0.48	0.0	TCLAF
CHDGF	0.2	0.16	0.45	-0.06	-0.58	0.37	0.4		-0.19	0.0	CHDGF
KIERF	-1.0	0.47	-0.73	0.54	0.18	-0.59	0.48	-0.19		0.0	KIERF
TCLCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TCLCF
	GLYYY	OERLF	CHRHF	SISXF	AMDLY	BIRDF	TCLAF	CHDGF	KIERF	TCLCF

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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

TCLAF	+ 0.76	OERLF
CHRHF	+ 0.73	GLYYY
BIRDF	+ 0.64	CHRHF
BIRDF	+ 0.59	GLYYY
KIERF	+ 0.54	SISXF
KIERF	+ 0.48	TCLAF

High negative correlations

KIERF	- 1.0	GLYYY
KIERF	- 0.73	CHRHF
KIERF	- 0.59	BIRDF
CHDGF	- 0.58	AMDLY
SISXF	- 0.54	GLYYY
AMDLY	- 0.5	CHRHF

Risk-Adjusted Indicators

There is a big difference between Krones Pink Sheet performing well and Krones AG 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 Krones AG'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
GLYYY	0.54	(0.29)	0.00	(3.35)	0.00	0.00	0.00	0.00	16.26
OERLF	0.55	0.24	0.00	(0.80)	0.00	0.00	0.00	0.00	11.94
CHRHF	1.34	(0.27)	0.00	(0.49)	0.00	0.00	0.00	(2.34)	28.38
SISXF	0.84	0.16	0.03	1.70	1.32	(1.33)	2.81	(2.56)	12.13
AMDLY	0.13	0.02	0.00	0.18	0.00	0.00	0.00	0.00	6.12
BIRDF	1.23	0.00	0.00	0.07	2.31	(1.09)	2.94	(3.06)	11.61
TCLAF	0.94	0.24	0.07	3.07	0.76	(2.82)	1.50	(1.96)	24.17
CHDGF	0.83	(0.05)	0.00	(5.74)	0.00	0.00	0.00	(3.95)	17.21
KIERF	0.08	0.03	0.00	(1.50)	0.00	0.00	0.00	0.00	2.61
TCLCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Krones AG 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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Krones AG Corporate Management

Thomas Ricker	Member of the Executive Board, Responsible for Bottling and Packaging Equipment	Profile
Olaf Scholz	Head of Investor Relations	Profile
Roland Pokorny	Head Communications	Profile
Markus Tischer	Member of the Executive Board, Responsible for International Operations and Services	Profile
Ulrich Noll	Head East	Profile
Norbert Broger	CFO Board	Profile
Ingrid Reuschl	Head PR	Profile

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