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.
KBR |
Moving together with KBR Stock
0.86 | BV | BrightView Holdings | PairCorr |
0.73 | NL | NL Industries | PairCorr |
0.91 | DLHC | DLH Holdings Corp | PairCorr |
0.85 | VCIG | VCI Global Limited | PairCorr |
0.73 | VLTO | Veralto | PairCorr |
0.78 | EXPO | Exponent | PairCorr |
0.63 | WLDN | Willdan Group | PairCorr |
0.78 | AXR | AMREP | PairCorr |
0.85 | BTM | Bitcoin Depot | PairCorr |
0.65 | CIX | CompX International | PairCorr |
0.86 | FORR | Forrester Research Potential Growth | PairCorr |
0.79 | CLH | Clean Harbors | PairCorr |
0.9 | CXW | CoreCivic | PairCorr |
0.88 | DLX | Deluxe | PairCorr |
0.81 | DNB | Dun Bradstreet Holdings | PairCorr |
Moving against KBR Stock
0.86 | KC | Kingsoft Cloud Holdings Earnings Call This Week | PairCorr |
0.81 | WM | Waste Management | PairCorr |
0.8 | LZ | LegalZoom | PairCorr |
0.8 | VRSK | Verisk Analytics | PairCorr |
0.79 | G | Genpact Limited | PairCorr |
0.59 | MG | Mistras Group | PairCorr |
0.48 | BR | Broadridge Financial | PairCorr |
0.36 | VSEC | VSE Corporation | PairCorr |
0.36 | EXLS | ExlService Holdings | PairCorr |
0.85 | GDS | GDS Holdings Earnings Call This Week | PairCorr |
0.48 | GFL | Gfl Environmental | PairCorr |
0.4 | EBF | Ennis Inc | PairCorr |
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 |