KBR Correlations

KBR Stock  USD 51.05  0.39  0.77%   
The current 90-days correlation between KBR Inc and Jacobs Solutions is 0.47 (i.e., Very weak diversification). The correlation of KBR 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. If the correlation is 0, the equities are not correlated; they are entirely random.

KBR Correlation With Market

Weak diversification

The correlation between KBR Inc and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KBR Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KBR Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with KBR Stock

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  0.73NL NL IndustriesPairCorr
  0.91DLHC DLH Holdings CorpPairCorr
  0.85VCIG VCI Global LimitedPairCorr
  0.73VLTO VeraltoPairCorr
  0.78EXPO ExponentPairCorr
  0.63WLDN Willdan GroupPairCorr
  0.78AXR AMREPPairCorr
  0.85BTM Bitcoin DepotPairCorr
  0.65CIX CompX InternationalPairCorr
  0.86FORR Forrester Research Potential GrowthPairCorr
  0.79CLH Clean HarborsPairCorr
  0.9CXW CoreCivicPairCorr
  0.88DLX DeluxePairCorr
  0.81DNB Dun Bradstreet HoldingsPairCorr

Moving against KBR Stock

  0.86KC Kingsoft Cloud Holdings Earnings Call This WeekPairCorr
  0.81WM Waste ManagementPairCorr
  0.8LZ LegalZoomPairCorr
  0.8VRSK Verisk AnalyticsPairCorr
  0.79G Genpact LimitedPairCorr
  0.59MG Mistras GroupPairCorr
  0.48BR Broadridge FinancialPairCorr
  0.36VSEC VSE CorporationPairCorr
  0.36EXLS ExlService HoldingsPairCorr
  0.85GDS GDS Holdings Earnings Call This WeekPairCorr
  0.48GFL Gfl EnvironmentalPairCorr
  0.4EBF Ennis IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between KBR Stock performing well and KBR 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 KBR'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
J  0.90 (0.11) 0.00 (0.27) 0.00 
 1.46 
 5.32 
TTEK  1.27 (0.57) 0.00  111.58  0.00 
 1.88 
 9.78 
FLR  2.11 (0.47) 0.00 (0.54) 0.00 
 3.51 
 21.29 
BLD  1.60 (0.20) 0.00 (0.28) 0.00 
 3.23 
 11.12 
MYRG  2.40 (0.38) 0.00 (0.48) 0.00 
 4.97 
 18.19 
GVA  1.36 (0.32) 0.00 (0.45) 0.00 
 2.03 
 8.39 
ROAD  2.16 (0.42) 0.00 (0.65) 0.00 
 4.28 
 16.21 
GLDD  2.40 (0.36) 0.00 (0.38) 0.00 
 3.49 
 22.28 
EME  2.14 (0.25) 0.00 (0.35) 0.00 
 4.09 
 24.49 
FIX  2.77 (0.32) 0.00 (0.33) 0.00 
 5.05 
 31.92