KKR REAL Correlations

8KR Stock

EUR 9.75 0.05 0.51%

The current 90-days correlation between KKR REAL ESTFINTR and Harmony Gold Mining is 0.02 (i.e., Significant diversification). The correlation of KKR REAL 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.

KKR REAL Correlation With Market

Significant diversification

The correlation between KKR REAL ESTFINTR and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KKR REAL ESTFINTR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to KKR REAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KKR REAL 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 KKR REAL - 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 KKR REAL ESTFINTR to buy it.

Moving against KKR Stock

0.63	893	MITSUBISHI KAKOKI	Pair Corr
0.44	MIZ	Mizuno	Pair Corr
0.42	70X	LUMENT FINANCE TR	Pair Corr
0.36	BFP	BBVA Banco Frances	Pair Corr
0.35	SON1	Sony Group Corp	Pair Corr
0.67	3N8	Nabtesco Corp	Pair Corr
0.64	1NN	Neinor Homes SA	Pair Corr
0.58	A2P	COPLAND ROAD CAPITAL	Pair Corr
0.56	BSI	BE Semiconductor Ind	Pair Corr
0.4	3RK	Ryohin Keikaku Earnings Call Tomorrow	Pair Corr
0.36	DBPE	Xtrackers LevDAX	Pair Corr
0.35	AIRA	Airbus SE	Pair Corr

Related Correlations Analysis

	ALG	8KH	OD7B	WCLA	DGD	HAM	M8Z	N0S
ALG		-0.34	0.11	-0.55	0.17	0.15	0.0	0.49	ALG
8KH	-0.34		-0.9	0.61	-0.79	0.52	0.0	0.01	8KH
OD7B	0.11	-0.9		-0.45	0.85	-0.64	0.0	-0.08	OD7B
WCLA	-0.55	0.61	-0.45		-0.3	0.37	0.0	-0.17	WCLA
DGD	0.17	-0.79	0.85	-0.3		-0.49	0.0	0.08	DGD
HAM	0.15	0.52	-0.64	0.37	-0.49		0.0	0.26	HAM
M8Z	0.0	0.0	0.0	0.0	0.0	0.0		0.0	M8Z
N0S	0.49	0.01	-0.08	-0.17	0.08	0.26	0.0		N0S
	ALG	8KH	OD7B	WCLA	DGD	HAM	M8Z	N0S

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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

DGD	+ 0.85	OD7B
WCLA	+ 0.61	8KH
HAM	+ 0.52	8KH
N0S	+ 0.49	ALG
HAM	+ 0.37	WCLA
N0S	+ 0.26	HAM

High negative correlations

OD7B	- 0.9	8KH
DGD	- 0.79	8KH
HAM	- 0.64	OD7B
WCLA	- 0.55	ALG
HAM	- 0.49	DGD
WCLA	- 0.45	OD7B

Risk-Adjusted Indicators

There is a big difference between KKR Stock performing well and KKR REAL 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 KKR REAL'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
ALG	0.22	0.00	0.00	0.16	0.00	0.00	0.72	(0.71)	5.76
8KH	1.60	(0.49)	0.00	(3.81)	0.00	0.00	2.84	(4.40)	8.03
OD7B	1.92	0.39	0.17	0.71	2.01	(2.19)	4.66	(3.45)	14.00
WCLA	1.94	(0.18)	0.00	(0.43)	0.00	0.00	3.61	(5.03)	13.59
DGD	2.24	0.45	0.16	(1.11)	2.01	(3.42)	3.61	(3.57)	34.90
HAM	2.59	(0.14)	0.00	0.36	0.00	0.00	6.41	(5.38)	16.53
M8Z	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
N0S	1.71	0.01	0.00	(0.04)	2.18	(1.78)	3.59	(3.91)	8.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in KKR REAL 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.

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