Kits Eyecare Correlations
| KTYCF Stock | USD 12.66 0.46 3.51% |
The current 90-days correlation between Kits Eyecare and Jumbo SA ADR is -0.09 (i.e., Good diversification). The correlation of Kits Eyecare 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.
Kits Eyecare Correlation With Market
Weak diversification
The correlation between Kits Eyecare and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kits Eyecare and DJI in the same portfolio, assuming nothing else is changed.
Kits |
The ability to find closely correlated positions to Kits Eyecare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kits Eyecare 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 Kits Eyecare - 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 Kits Eyecare to buy it.
Moving together with Kits Pink Sheet
| 0.65 | ANCTF | Alimentation Couchen Tard | PairCorr |
| 0.83 | ULTA | Ulta Beauty | PairCorr |
| 0.74 | ASTI | Ascent Solar Technol Trending | PairCorr |
| 0.64 | CRRFY | Carrefour SA PK | PairCorr |
| 0.63 | ALVLF | Big Ridge Gold | PairCorr |
Moving against Kits Pink Sheet
| 0.61 | PBCRY | Bank Central Asia | PairCorr |
| 0.56 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.45 | BKRKY | Bank Rakyat | PairCorr |
| 0.56 | ADC | Agree Realty | PairCorr |
| 0.49 | 12532HAF1 | GIBACN 23 14 | PairCorr |
| 0.47 | AMD | Advanced Micro Devices Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.0 | 0.29 | 0.0 | 0.0 | -0.31 | JUMSY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JUMSF | ||
| 0.29 | 0.0 | -0.07 | 0.0 | -0.01 | DRTGF | ||
| 0.0 | 0.0 | -0.07 | 0.0 | -0.71 | JTKWY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WLWHF | ||
| -0.31 | 0.0 | -0.01 | -0.71 | 0.0 | ZHSHF | ||
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 Kits Pink Sheet performing well and Kits Eyecare 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 Kits Eyecare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JUMSY | 3.33 | (0.28) | 0.00 | (0.22) | 0.00 | 8.11 | 21.88 | |||
| JUMSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DRTGF | 0.59 | 0.06 | (0.01) | (0.39) | 0.81 | 1.25 | 11.16 | |||
| JTKWY | 1.80 | (0.14) | 0.00 | (0.22) | 0.00 | 2.91 | 27.84 | |||
| WLWHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZHSHF | 0.31 | 0.17 | 0.00 | (0.50) | 0.00 | 0.00 | 10.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kits Eyecare 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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Kits Eyecare Corporate Management
| Joseph Thompson | CoFounder COO | Profile | |
| Arshil Abdulla | Chief Officer | Profile | |
| Sabrina Liak | President, CoFounder | Profile | |
| Robert Long | Chief Officer | Profile | |
| Stefan Harvalias | Chief Officer | Profile | |
| Roger Hardy | CEO CoFounder | Profile | |
| Tai Silvey | VP Operations | Profile |