Knight Club Correlations
| KCC Stock | 1.88 0.02 1.05% |
The current 90-days correlation between Knight Club Capital and Jay Mart Public is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Knight Club moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Knight Club Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Knight Club Correlation With Market
Significant diversification
The correlation between Knight Club Capital and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knight Club Capital and DJI in the same portfolio, assuming nothing else is changed.
Knight |
The ability to find closely correlated positions to Knight Club could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Knight Club 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 Knight Club - 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 Knight Club Capital to buy it.
Moving together with Knight Stock
| 0.87 | DELTA | Delta Electronics Public | PairCorr |
| 0.84 | AOT | Airports of Thailand | PairCorr |
| 0.68 | INTUCH-R | Intouch Holdings Public | PairCorr |
Moving against Knight Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Knight Stock performing well and Knight Club 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 Knight Club'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JMART | 2.34 | (0.39) | 0.00 | (0.63) | 0.00 | 4.12 | 14.89 | |||
| BIS | 2.34 | (0.09) | 0.00 | (0.24) | 0.00 | 4.48 | 12.68 | |||
| KCE | 2.33 | (0.17) | 0.00 | (0.96) | 0.00 | 6.25 | 16.78 | |||
| SABUY | 3.10 | 0.09 | 0.02 | 0.01 | 3.18 | 7.69 | 40.77 | |||
| JMT | 2.88 | (0.35) | 0.00 | (0.52) | 0.00 | 5.19 | 20.18 |
Knight Club Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Knight Club stock to make a market-neutral strategy. Peer analysis of Knight Club could also be used in its relative valuation, which is a method of valuing Knight Club by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |