Knightscope Correlations

KSCP Stock

USD 3.78 0.07 1.82%

The current 90-days correlation between Knightscope and Caesarstone is -0.09 (i.e., Good diversification). The correlation of Knightscope 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.

Knightscope Correlation With Market

Excellent diversification

The correlation between Knightscope and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knightscope and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Knightscope Stock

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

To learn how to invest in Knightscope Stock, please use our How to Invest in Knightscope guide.

Moving together with Knightscope Stock

0.74	HOLO	MicroCloud Hologram	Pair Corr
0.77	REFR	Research Frontiers	Pair Corr
0.77	TRNR	Interactive Strength	Pair Corr
0.74	APVO	Aptevo Therapeutics	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.64	MSFT	Microsoft Sell-off Trend	Pair Corr

Moving against Knightscope Stock

0.64	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.63	GLW	Corning Incorporated Tech Boost	Pair Corr
0.62	ARW	Arrow Electronics Tech Boost	Pair Corr
0.6	WNC	Wabash National	Pair Corr
0.44	CYCC	Cyclacel Pharmaceuticals Symbol Change	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.66	BA	Boeing	Pair Corr
0.65	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	WMT	Walmart Common Stock	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.61	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.53	MCD	McDonalds Earnings Call Today	Pair Corr
0.43	BAC	Bank of America	Pair Corr
0.43	VZ	Verizon Communications Aggressive Push	Pair Corr
0.4	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.38	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.37	GE	GE Aerospace Sell-off Trend	Pair Corr
0.37	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CSTE	SPCB	BGSF	GPUS	FLYY	APWC	SDST	SKYH	XOS	EDRY
CSTE		-0.25	0.9	-0.43	-0.78	-0.34	0.29	0.04	0.02	0.44	CSTE
SPCB	-0.25		-0.44	0.2	0.47	0.5	0.2	0.32	0.34	-0.16	SPCB
BGSF	0.9	-0.44		-0.43	-0.76	-0.54	0.29	-0.09	0.04	0.54	BGSF
GPUS	-0.43	0.2	-0.43		0.54	0.14	0.2	0.56	0.19	-0.48	GPUS
FLYY	-0.78	0.47	-0.76	0.54		0.29	0.16	0.3	0.34	-0.51	FLYY
APWC	-0.34	0.5	-0.54	0.14	0.29		-0.44	0.14	-0.25	-0.44	APWC
SDST	0.29	0.2	0.29	0.2	0.16	-0.44		0.5	0.67	0.19	SDST
SKYH	0.04	0.32	-0.09	0.56	0.3	0.14	0.5		0.39	-0.16	SKYH
XOS	0.02	0.34	0.04	0.19	0.34	-0.25	0.67	0.39		0.16	XOS
EDRY	0.44	-0.16	0.54	-0.48	-0.51	-0.44	0.19	-0.16	0.16		EDRY
	CSTE	SPCB	BGSF	GPUS	FLYY	APWC	SDST	SKYH	XOS	EDRY

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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

BGSF	+ 0.9	CSTE
XOS	+ 0.67	SDST
SKYH	+ 0.56	GPUS
EDRY	+ 0.54	BGSF
FLYY	+ 0.54	GPUS
APWC	+ 0.5	SPCB

High negative correlations

FLYY	- 0.78	CSTE
FLYY	- 0.76	BGSF
APWC	- 0.54	BGSF
EDRY	- 0.51	FLYY
EDRY	- 0.48	GPUS
EDRY	- 0.44	APWC

Risk-Adjusted Indicators

There is a big difference between Knightscope Stock performing well and Knightscope 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 Knightscope'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
CSTE	5.01	1.35	0.26	1.60	4.20	(6.37)	12.11	(6.99)	38.10
SPCB	3.35	(0.34)	0.00	(0.16)	0.00	0.00	6.59	(6.94)	17.61
BGSF	2.26	0.69	0.29	0.54	1.90	(2.72)	6.80	(4.17)	13.37
GPUS	6.71	(0.81)	0.00	(0.15)	0.00	0.00	16.67	(11.54)	62.50
FLYY	9.21	(1.85)	0.00	3.25	0.00	0.00	14.29	(23.40)	90.07
APWC	2.10	(0.10)	0.00	0.44	0.00	0.00	5.08	(4.23)	14.43
SDST	4.58	(0.14)	0.00	0.02	6.51	(4.15)	8.84	(9.33)	26.43
SKYH	1.82	(0.21)	0.00	(0.05)	0.00	0.00	3.83	(3.65)	12.01
XOS	3.28	(0.26)	0.00	(0.03)	0.00	0.00	5.58	(6.44)	38.89
EDRY	2.22	0.28	0.09	0.92	2.26	(2.67)	6.37	(3.46)	14.09

Knightscope Corporate Management

Mallorie Burak	Ex CFO	Profile
Aaron Lehnhardt	Executive Officer	Profile
Ryan Fanciullo	VP Operations	Profile
Mercedes Soria	Executive Officer	Profile
Stacy Stephens	Executive Officer	Profile

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