Kayne Anderson Correlations

KYN Stock

USD 13.34 0.19 1.40%

The current 90-days correlation between Kayne Anderson MLP and Cohen And Steers is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kayne Anderson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kayne Anderson MLP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kayne Anderson Correlation With Market

Very weak diversification

The correlation between Kayne Anderson MLP and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kayne Anderson MLP 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 Kayne Anderson MLP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Kayne Stock

0.89	OCCIN	OFS Credit	Pair Corr
0.81	OCCIO	OFS Credit	Pair Corr
0.69	GECCO	Great Elm Capital	Pair Corr
0.81	ATCO-PD	Atlas Corp	Pair Corr
0.84	ATCO-PH	Atlas Corp	Pair Corr
0.97	APO-PA	Apollo Global Management	Pair Corr
0.9	C	Citigroup Aggressive Push	Pair Corr
0.65	L	Loews Corp	Pair Corr
0.82	V	Visa Class A	Pair Corr
0.73	DHIL	Diamond Hill Investment	Pair Corr
0.94	DIST	Distoken Acquisition	Pair Corr
0.7	AB	AllianceBernstein	Pair Corr
0.78	AC	Associated Capital	Pair Corr
0.75	AX	Axos Financial	Pair Corr
0.92	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.92	BN	Brookfield Corp	Pair Corr
0.92	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.73	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Kayne Stock

0.53	JPPYY	Jupai Holdings	Pair Corr
0.81	SVVC	Firsthand Technology	Pair Corr
0.57	CNVT	CVF Technologies	Pair Corr

Related Correlations Analysis

	TYG	UTF	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
TYG		0.39	0.0	0.61	0.7	0.55	0.57	0.61	0.52	0.58	TYG
UTF	0.39		0.0	0.43	0.74	0.0	0.48	0.16	-0.21	0.29	UTF
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.61	0.43	0.0		0.67	-0.11	0.81	-0.02	0.15	0.78	MSTSX
LBHIX	0.7	0.74	0.0	0.67		0.19	0.71	0.27	0.09	0.46	LBHIX
VIASP	0.55	0.0	0.0	-0.11	0.19		-0.01	0.79	0.53	-0.12	VIASP
RRTLX	0.57	0.48	0.0	0.81	0.71	-0.01		0.05	0.01	0.51	RRTLX
OSHDF	0.61	0.16	0.0	-0.02	0.27	0.79	0.05		0.35	-0.08	OSHDF
70082LAB3	0.52	-0.21	0.0	0.15	0.09	0.53	0.01	0.35		0.27	70082LAB3
SITKF	0.58	0.29	0.0	0.78	0.46	-0.12	0.51	-0.08	0.27		SITKF
	TYG	UTF	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

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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

RRTLX	+ 0.81	MSTSX
OSHDF	+ 0.79	VIASP
SITKF	+ 0.78	MSTSX
LBHIX	+ 0.74	UTF
RRTLX	+ 0.71	LBHIX
LBHIX	+ 0.7	TYG

High negative correlations

70082LAB3	- 0.21	UTF
SITKF	- 0.12	VIASP
VIASP	- 0.11	MSTSX
SITKF	- 0.08	OSHDF
OSHDF	- 0.02	MSTSX
RRTLX	- 0.01	VIASP

Risk-Adjusted Indicators

There is a big difference between Kayne Stock performing well and Kayne Anderson 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 Kayne Anderson'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
TYG	0.99	0.39	0.25	(5.50)	0.56	(1.14)	2.21	(1.36)	6.24
UTF	0.64	0.09	(0.02)	1.10	0.69	(0.69)	1.31	(1.44)	3.41
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.48	(0.05)	(0.15)	0.04	0.53	(0.58)	1.03	(1.02)	2.80
LBHIX	0.11	0.01	(0.40)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
VIASP	0.74	0.08	(0.03)	(2.22)	1.13	(0.80)	2.28	(1.20)	7.18
RRTLX	0.24	0.01	(0.30)	0.50	0.24	(0.27)	0.56	(0.56)	1.37
OSHDF	39.65	22.61	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	1.00	0.03	(0.04)	1.56	2.25	(1.07)	1.75	(1.69)	24.27
SITKF	5.54	1.04	0.14	4.02	5.03	(8.12)	14.29	(9.09)	32.64

Kayne Anderson Corporate Management

Barry Pearl	Independent Director	Profile
Ellen Wilkirson	Vice President	Profile
William Thacker	Independent Director	Profile
Michael Levitt	Director	Profile
J Frey	Executive Vice President	Profile

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