KROGER Correlations

Bonds . USA . 
Bond . KROGER 69 percent
501044CK5   105.28  7.53  6.67%   
The current 90-days correlation between KROGER 69 percent and BRP Inc is 0.04 (i.e., Significant diversification). The correlation of KROGER 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.

KROGER Correlation With Market

Significant diversification

The correlation between KROGER 69 percent and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KROGER 69 percent and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to KROGER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KROGER 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 KROGER - 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 KROGER 69 percent to buy it.

Moving together with KROGER Bond

  0.65MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr

Moving against KROGER Bond

  0.55JPM JPMorgan Chase Sell-off TrendPairCorr
  0.36CVX Chevron Corp Sell-off TrendPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
HPP
+ 0.8
DOOO
EML
+ 0.8
JBGS
HPP
+ 0.74
JBGS
HNI
+ 0.6
PRKS
EML
+ 0.52
HPP
JBGS
+ 0.47
DOOO
  
High negative correlations   
PRKS
- 0.77
DOOO
HPP
- 0.69
PRKS
EML
- 0.6
PRKS
PRKS
- 0.57
JBGS
HPP
- 0.46
HNI
EML
- 0.44
HNI

Risk-Adjusted Indicators

There is a big difference between KROGER Bond performing well and KROGER Corporate Bond 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 KROGER'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in KROGER 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?

Run Equity Search Now

   

Equity Search

Search for actively traded equities including funds and ETFs from over 30 global markets
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY