Key Tronic Correlations

KTCC Stock

USD 5.39 0.22 3.92%

The current 90-days correlation between Key Tronic and AGM Group Holdings is -0.11 (i.e., Good diversification). The correlation of Key Tronic 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.

Key Tronic Correlation With Market

Good diversification

The correlation between Key Tronic and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Key Tronic 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 Key Tronic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade Key Stock refer to our How to Trade Key Stock guide.

Moving together with Key Stock

0.83	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.8	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.77	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.84	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.82	T	ATT Inc Sell-off Trend	Pair Corr

Moving against Key Stock

0.77	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.55	KO	Coca Cola Aggressive Push	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	AGMH	TACT	ALOT	QMCO	INVE	RCAT	STRC
AGMH		-0.05	-0.47	0.28	0.57	0.26	-0.43	AGMH
TACT	-0.05		-0.38	-0.19	-0.27	-0.5	0.58	TACT
ALOT	-0.47	-0.38		-0.03	-0.01	0.21	0.13	ALOT
QMCO	0.28	-0.19	-0.03		0.52	0.44	-0.25	QMCO
INVE	0.57	-0.27	-0.01	0.52		0.65	-0.59	INVE
RCAT	0.26	-0.5	0.21	0.44	0.65		-0.63	RCAT
STRC	-0.43	0.58	0.13	-0.25	-0.59	-0.63		STRC
	AGMH	TACT	ALOT	QMCO	INVE	RCAT	STRC

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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

RCAT	+ 0.65	INVE
STRC	+ 0.58	TACT
INVE	+ 0.57	AGMH
INVE	+ 0.52	QMCO
RCAT	+ 0.44	QMCO
QMCO	+ 0.28	AGMH

High negative correlations

STRC	- 0.63	RCAT
STRC	- 0.59	INVE
RCAT	- 0.5	TACT
ALOT	- 0.47	AGMH
STRC	- 0.43	AGMH
ALOT	- 0.38	TACT

Risk-Adjusted Indicators

There is a big difference between Key Stock performing well and Key Tronic 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 Key Tronic'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
AGMH	4.04	0.72	0.14	3.73	4.03	(4.78)	11.76	(6.08)	31.53
TACT	1.74	(0.13)	0.00	(0.18)	0.00	0.00	3.47	(3.37)	11.25
ALOT	1.78	(0.11)	(0.03)	0.04	2.26	(1.84)	4.73	(4.52)	10.39
QMCO	8.16	1.46	0.24	0.33	7.16	(9.09)	16.33	(9.76)	51.59
INVE	1.92	0.11	0.04	0.26	1.83	(2.57)	5.12	(3.58)	14.13
RCAT	6.18	1.71	0.32	1.31	4.82	(8.12)	15.75	(8.36)	29.03
STRC	5.00	(0.46)	0.00	0.85	0.00	0.00	12.89	(9.77)	54.79

Key Tronic Corporate Executives

Elected by the shareholders, the Key Tronic's board of directors comprises two types of representatives: Key Tronic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Key. The board's role is to monitor Key Tronic's management team and ensure that shareholders' interests are well served. Key Tronic's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Key Tronic's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Brett Larsen	CFO, Executive VP of Admin. and Treasurer	Profile
	Anthony Voorhees	CFO Administration	Profile

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