Knightscope Correlations

KSCP Stock

USD 4.36 0.09 2.02%

The current 90-days correlation between Knightscope and Caesarstone is -0.03 (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

Very weak diversification

The correlation between Knightscope and DJI is 0.51 (i.e., Very weak 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 unemployment.

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

Moving together with Knightscope Stock

0.66	000938	Unisplendour Corp	Pair Corr
0.65	AMPGW	AmpliTech Group	Pair Corr
0.79	EBON	Ebang International	Pair Corr
0.85	EHGO	Eshallgo Class A	Pair Corr
0.76	ELSE	Electro Sensors	Pair Corr
0.64	ELTK	Eltek	Pair Corr

Moving against Knightscope Stock

0.77	002134	Tianjin Printronics	Pair Corr
0.74	300771	Shenzhen Zhilai Sci	Pair Corr
0.64	FN	Fabrinet	Pair Corr
0.58	688053	Chengdu Screen Micro	Pair Corr
0.57	300259	Suntront Tech	Pair Corr
0.56	300502	Eoptolink Technology	Pair Corr
0.53	603626	Kunshan Kersen Science	Pair Corr
0.48	301321	Highbroad Advanced	Pair Corr
0.39	300449	Beijing Hanbang Tech	Pair Corr
0.31	603015	Ningbo Techmation	Pair Corr
0.78	000925	UniTTEC	Pair Corr
0.63	603556	Hexing Electrical	Pair Corr
0.63	688272	Beijing Fjr Optoelec	Pair Corr
0.61	300940	Shen Zhen Australis	Pair Corr
0.61	301123	YiDong Electronics	Pair Corr
0.52	FEIM	Frequency Electronics	Pair Corr
0.5	BAERW	Bridger Aerospace	Pair Corr
0.5	300626	Huarui Electrical	Pair Corr

Related Correlations Analysis

	CSTE	SPCB	BGSF	GPUS	FLYY	APWC	SDST	SKYH	XOS	EDRY
CSTE		-0.41	0.82	-0.3	-0.35	-0.11	-0.26	-0.14	-0.5	0.4	CSTE
SPCB	-0.41		-0.76	0.65	0.7	0.61	0.64	0.67	0.7	-0.69	SPCB
BGSF	0.82	-0.76		-0.54	-0.64	-0.44	-0.53	-0.48	-0.72	0.65	BGSF
GPUS	-0.3	0.65	-0.54		0.64	0.22	0.74	0.75	0.81	-0.68	GPUS
FLYY	-0.35	0.7	-0.64	0.64		0.53	0.88	0.72	0.84	-0.65	FLYY
APWC	-0.11	0.61	-0.44	0.22	0.53		0.41	0.45	0.36	-0.48	APWC
SDST	-0.26	0.64	-0.53	0.74	0.88	0.41		0.79	0.84	-0.6	SDST
SKYH	-0.14	0.67	-0.48	0.75	0.72	0.45	0.79		0.81	-0.62	SKYH
XOS	-0.5	0.7	-0.72	0.81	0.84	0.36	0.84	0.81		-0.66	XOS
EDRY	0.4	-0.69	0.65	-0.68	-0.65	-0.48	-0.6	-0.62	-0.66		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

SDST	+ 0.88	FLYY
XOS	+ 0.84	FLYY
XOS	+ 0.84	SDST
BGSF	+ 0.82	CSTE
XOS	+ 0.81	GPUS
XOS	+ 0.81	SKYH

High negative correlations

BGSF	- 0.76	SPCB
XOS	- 0.72	BGSF
EDRY	- 0.69	SPCB
EDRY	- 0.68	GPUS
EDRY	- 0.66	XOS
EDRY	- 0.65	FLYY

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	4.85	0.49	0.10	0.42	4.65	(6.16)	10.29	(7.48)	38.10
SPCB	3.31	(0.30)	0.00	(0.12)	0.00	0.00	6.59	(5.88)	23.83
BGSF	2.13	0.46	0.22	0.44	1.76	(2.62)	6.80	(3.96)	12.58
GPUS	7.74	(0.25)	0.00	0.03	6.84	(15.14)	25.00	(11.76)	62.50
FLYY	9.21	(1.87)	0.00	6.03	0.00	0.00	14.29	(23.40)	90.07
APWC	2.24	(0.21)	0.00	2.18	0.00	0.00	5.08	(4.23)	14.43
SDST	4.95	(1.06)	0.00	(0.23)	0.00	0.00	7.42	(12.93)	26.43
SKYH	1.71	(0.36)	0.00	(0.09)	0.00	0.00	3.60	(3.99)	12.01
XOS	2.51	(0.52)	0.00	(0.16)	0.00	0.00	4.50	(6.10)	12.05
EDRY	1.71	0.14	0.04	0.50	1.79	(1.99)	3.63	(3.02)	11.04

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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