World Kinect Correlations

WKC Stock

26.35 1.01 3.69%

The current 90-days correlation between World Kinect and Calumet Specialty Products is 0.19 (i.e., Average diversification). The correlation of World Kinect 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.

World Kinect Correlation With Market

Poor diversification

The correlation between World Kinect and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Kinect and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with World Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in World Kinect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

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

Moving together with World Stock

0.81	CDA	Canuc Resources Corp	Pair Corr
0.73	VG	Venture Global Downward Rally	Pair Corr
0.63	RBY	Rubellite Energy	Pair Corr
0.73	DMLP	Dorchester Minerals	Pair Corr
0.75	SDE	Spartan Delta Corp Earnings Call This Week	Pair Corr
0.86	SEPL	Seplat Petroleum Dev	Pair Corr
0.84	6BW	BW ENERGY LTD	Pair Corr
0.69	EFXT	Enerflex	Pair Corr
0.71	OBE	Obsidian Energy Earnings Call This Week	Pair Corr
0.63	PSK	PrairieSky Royalty	Pair Corr

Moving against World Stock

0.73	LGN	Logan Energy Corp	Pair Corr
0.7	L5K	Lekoil Limited	Pair Corr
0.69	JGH	Jade Gas Holdings	Pair Corr
0.69	KEY	KEY Petroleum	Pair Corr
0.67	VIVK	Vivakor	Pair Corr
0.51	SHE	Stonehorse Energy	Pair Corr
0.49	AXP	AXP Energy	Pair Corr
0.47	AR	Antero Resources Corp	Pair Corr
0.73	ROK	ROK Resources	Pair Corr
0.51	ERHE	ERHC Energy	Pair Corr
0.36	BRN	Barnwell Industries	Pair Corr
0.35	EONR	EON Resources	Pair Corr
0.33	EPSN	Epsilon Energy	Pair Corr

Related Correlations Analysis

	SOC	CLMT	FLNG	XPRO	DNOW	EFXT	KRP	GLP	FLOC	ARRY
SOC		0.37	0.32	0.53	0.31	0.63	-0.11	0.27	0.67	0.72	SOC
CLMT	0.37		0.43	0.76	0.93	0.86	0.56	0.85	0.89	0.81	CLMT
FLNG	0.32	0.43		0.74	0.44	0.48	0.51	0.54	0.54	0.39	FLNG
XPRO	0.53	0.76	0.74		0.78	0.76	0.58	0.81	0.85	0.69	XPRO
DNOW	0.31	0.93	0.44	0.78		0.84	0.48	0.86	0.85	0.73	DNOW
EFXT	0.63	0.86	0.48	0.76	0.84		0.29	0.78	0.93	0.89	EFXT
KRP	-0.11	0.56	0.51	0.58	0.48	0.29		0.63	0.34	0.28	KRP
GLP	0.27	0.85	0.54	0.81	0.86	0.78	0.63		0.77	0.65	GLP
FLOC	0.67	0.89	0.54	0.85	0.85	0.93	0.34	0.77		0.89	FLOC
ARRY	0.72	0.81	0.39	0.69	0.73	0.89	0.28	0.65	0.89		ARRY
	SOC	CLMT	FLNG	XPRO	DNOW	EFXT	KRP	GLP	FLOC	ARRY

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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

DNOW	+ 0.93	CLMT
FLOC	+ 0.93	EFXT
FLOC	+ 0.89	CLMT
ARRY	+ 0.89	EFXT
ARRY	+ 0.89	FLOC
EFXT	+ 0.86	CLMT

High negative correlations

KRP

- 0.11

SOC

Risk-Adjusted Indicators

There is a big difference between World Stock performing well and World Kinect 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 World Kinect'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
SOC	8.41	1.37	0.15	0.79	8.64	(9.57)	20.50	(13.49)	72.14
CLMT	1.33	0.44	0.23	1.35	1.27	(1.51)	3.07	(2.44)	7.83
FLNG	0.99	0.00	0.00	0.08	0.00	0.00	2.09	(2.00)	7.10
XPRO	2.44	0.26	0.11	0.22	2.45	(3.14)	6.14	(4.10)	14.92
DNOW	1.63	0.19	0.10	0.25	1.82	(1.77)	3.90	(3.02)	11.62
EFXT	2.02	0.44	0.14	0.78	2.64	(2.22)	5.00	(4.22)	17.86
KRP	1.24	0.11	0.03	4.74	1.63	(1.26)	2.40	(2.41)	6.29
GLP	1.49	0.25	0.11	1.10	1.52	(1.63)	3.06	(2.67)	9.16
FLOC	1.86	0.34	0.18	0.31	1.67	(2.12)	4.38	(3.27)	10.92
ARRY	3.81	0.24	0.08	0.15	4.15	(4.02)	7.38	(6.99)	18.16

World Kinect Corporate Management

Amy Avalos	Chief VP	Profile
Fernando Casadevall	Chief Officer	Profile
Michael Kroll	Senior Officer	Profile
Josh McLean	Chief Officer	Profile
Braulio Medrano	Senior Relations	Profile
Jeffrey Weissman	General Secretary	Profile

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