World Kinect Correlations

WKC Stock

28.72 0.70 2.50%

The current 90-days correlation between World Kinect and HF Sinclair Corp is 0.27 (i.e., Modest 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

Very weak diversification

The correlation between World Kinect and DJI is 0.47 (i.e., Very weak 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.

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

0.63	CVI	CVR Energy	Pair Corr
0.71	TK	Teekay	Pair Corr

Moving against World Stock

0.33	REPYY	Repsol SA	Pair Corr
0.45	VIST	Vista Oil Gas	Pair Corr
0.38	NC	NACCO Industries	Pair Corr
0.35	VIVK	Vivakor	Pair Corr

Related Correlations Analysis

	DINO	AE	DK	CVI	DKL	IEP	MPC	PBF	PSX	SGU
DINO		-0.52	0.86	0.85	0.44	0.18	0.94	0.84	0.73	-0.22	DINO
AE	-0.52		-0.18	-0.55	-0.12	-0.16	-0.33	-0.27	0.0	0.52	AE
DK	0.86	-0.18		0.56	0.57	-0.1	0.91	0.68	0.67	-0.03	DK
CVI	0.85	-0.55	0.56		0.32	0.49	0.72	0.82	0.7	-0.36	CVI
DKL	0.44	-0.12	0.57	0.32		-0.26	0.49	0.23	0.26	0.01	DKL
IEP	0.18	-0.16	-0.1	0.49	-0.26		0.06	0.32	0.39	-0.31	IEP
MPC	0.94	-0.33	0.91	0.72	0.49	0.06		0.79	0.8	-0.17	MPC
PBF	0.84	-0.27	0.68	0.82	0.23	0.32	0.79		0.8	0.0	PBF
PSX	0.73	0.0	0.67	0.7	0.26	0.39	0.8	0.8		-0.13	PSX
SGU	-0.22	0.52	-0.03	-0.36	0.01	-0.31	-0.17	0.0	-0.13		SGU
	DINO	AE	DK	CVI	DKL	IEP	MPC	PBF	PSX	SGU

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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

MPC	+ 0.94	DINO
MPC	+ 0.91	DK
DK	+ 0.86	DINO
CVI	+ 0.85	DINO
PBF	+ 0.84	DINO
PBF	+ 0.82	CVI

High negative correlations

CVI	- 0.55	AE
AE	- 0.52	DINO
SGU	- 0.36	CVI
MPC	- 0.33	AE
SGU	- 0.31	IEP
PBF	- 0.27	AE

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
DINO	1.57	(0.29)	0.00	(0.10)	0.00	0.00	3.44	(4.36)	11.79
AE	2.14	0.92	0.53	(1.58)	0.72	(3.12)	4.83	(2.27)	35.75
DK	2.05	(0.22)	0.00	(0.05)	0.00	0.00	3.53	(3.90)	16.10
CVI	2.58	(0.52)	0.00	(0.16)	0.00	0.00	3.99	(5.81)	28.93
DKL	1.06	0.14	(0.01)	(0.26)	2.25	(1.02)	2.84	(1.44)	16.59
IEP	2.85	(0.58)	0.00	(0.19)	0.00	0.00	6.20	(6.61)	32.02
MPC	1.37	(0.19)	0.00	(0.14)	0.00	0.00	3.19	(3.01)	13.39
PBF	1.91	(0.19)	0.00	(0.03)	0.00	0.00	3.52	(3.76)	15.94
PSX	1.14	(0.10)	(0.06)	0.02	1.68	(1.16)	1.81	(2.97)	7.77
SGU	1.43	0.07	0.01	0.24	1.37	(1.96)	3.36	(2.59)	9.70

World Kinect Corporate Management

Amy Avalos	Chief VP	Profile
John Rau	Land Aviation	Profile
Fernando Casadevall	Chief Officer	Profile
Wade DeClaris	Chief Officer	Profile
Josh McLean	Chief Officer	Profile

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