BK Technologies Correlations

BKTI Stock

USD 31.88 0.07 0.22%

The current 90-days correlation between BK Technologies and Frequency Electronics is 0.32 (i.e., Weak diversification). The correlation of BK Technologies 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.

BK Technologies Correlation With Market

Weak diversification

The correlation between BK Technologies and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BK Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BK Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in BKTI Stock please use our How to Invest in BK Technologies guide.

Moving together with BKTI Stock

0.71	CRM	Salesforce	Pair Corr
0.66	TDC	Teradata Corp	Pair Corr
0.68	SLNH	Soluna Holdings	Pair Corr
0.7	PARACABLES	Paramount Communications	Pair Corr
0.68	MSFT	Microsoft	Pair Corr
0.64	GOOG	Alphabet Class C	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr

Moving against BKTI Stock

0.59	ALTR	Altair Engineering	Pair Corr
0.49	BMYMP	Bristol Myers Squibb	Pair Corr
0.45	CSCO	Cisco Systems	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.61	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.59	BRK-A	Berkshire Hathaway	Pair Corr
0.59	WM	Waste Management	Pair Corr
0.55	MMM	3M Company	Pair Corr
0.55	CVX	Chevron Corp	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.53	MCD	McDonalds	Pair Corr
0.42	IBM	International Business	Pair Corr
0.34	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	FEIM	WSTL	ITI	ASNS	TESS	OCC	PCTI	DZSI	BYLTF	PWFL
FEIM		0.0	0.0	0.64	0.0	0.07	0.0	0.0	0.79	0.0	FEIM
WSTL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WSTL
ITI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ITI
ASNS	0.64	0.0	0.0		0.0	0.61	0.0	0.0	0.49	0.0	ASNS
TESS	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TESS
OCC	0.07	0.0	0.0	0.61	0.0		0.0	0.0	-0.22	0.0	OCC
PCTI	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PCTI
DZSI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	DZSI
BYLTF	0.79	0.0	0.0	0.49	0.0	-0.22	0.0	0.0		0.0	BYLTF
PWFL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PWFL
	FEIM	WSTL	ITI	ASNS	TESS	OCC	PCTI	DZSI	BYLTF	PWFL

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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

BYLTF	+ 0.79	FEIM
ASNS	+ 0.64	FEIM
OCC	+ 0.61	ASNS
BYLTF	+ 0.49	ASNS
OCC	+ 0.07	FEIM
WSTL	+ 0.0	FEIM

High negative correlations

BYLTF	- 0.22	OCC
PWFL	- 0.0	BYLTF
PWFL	- 0.0	DZSI
BYLTF	- 0.0	DZSI
PWFL	- 0.0	PCTI
BYLTF	- 0.0	PCTI

Risk-Adjusted Indicators

There is a big difference between BKTI Stock performing well and BK Technologies 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 BK Technologies' 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
FEIM	2.28	0.10	0.03	0.00	2.43	(2.90)	8.10	(4.12)	15.92
WSTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASNS	4.99	0.24	0.05	0.14	4.49	(8.00)	13.59	(8.26)	40.57
TESS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OCC	5.58	1.38	0.22	0.42	4.74	(6.95)	20.50	(7.92)	73.76
PCTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DZSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BYLTF	1.54	(0.84)	0.00	2.26	0.00	0.00	0.00	0.00	22.22
PWFL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

BK Technologies Corporate Management

Lorenzo Cruger	Senior Engineering	Profile
Gerardo Urbina	Vice Resources	Profile
Scott Malmanger	Principal CFO	Profile
Stephen Theisen	Senior Marketing	Profile
Henry Willis	Chief Officer	Profile
Branko Avanic	Chief Officer	Profile

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