KBC GR Correlations

KDB Stock

EUR 84.26 0.08 0.1%

The current 90-days correlation between KBC GR and Haier Smart Home is 0.17 (i.e., Average diversification). The correlation of KBC GR 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.

KBC GR Correlation With Market

Significant diversification

The correlation between KBC GR and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KBC GR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with KBC Stock

0.87	DBPE	Xtrackers LevDAX	Pair Corr
0.74	E908	Lyxor 1	Pair Corr

Moving against KBC Stock

0.91	PQ9	BANK MANDIRI	Pair Corr
0.89	PQ9	BANK MANDIRI	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.88	MSF	Microsoft	Pair Corr
0.87	MSF	Microsoft	Pair Corr
0.87	BZG2	BANK CENTRAL ASIA	Pair Corr
0.86	MSF	Microsoft	Pair Corr
0.86	BZG2	BANK CENTRAL ASIA	Pair Corr
0.85	PQ9	PT Bank Mandiri	Pair Corr
0.84	DBPD	Xtrackers ShortDAX	Pair Corr
0.81	BYRA	BANK RAKYAT IND	Pair Corr
0.8	PQ9	BANK MANDIRI	Pair Corr
0.7	AMZ	Amazon Inc	Pair Corr
0.63	BYRA	PT Bank Rakyat	Pair Corr
0.62	BYRA	BANK RAKYAT IND	Pair Corr
0.57	BYRA	PT Bank Rakyat	Pair Corr
0.35	APC	Apple Inc	Pair Corr
0.35	APC	Apple Inc	Pair Corr
0.34	APC	Apple Inc	Pair Corr
0.33	APC	Apple Inc	Pair Corr

Related Correlations Analysis

	7FZ	6P8	0HF	690D	47X	4GF	1NN	25F0
7FZ		0.3	-0.54	0.69	0.66	0.14	0.51	-0.32	7FZ
6P8	0.3		-0.57	0.24	0.3	0.38	-0.34	0.01	6P8
0HF	-0.54	-0.57		-0.51	-0.22	-0.04	0.07	0.23	0HF
690D	0.69	0.24	-0.51		0.36	-0.21	0.33	-0.6	690D
47X	0.66	0.3	-0.22	0.36		0.41	0.28	-0.07	47X
4GF	0.14	0.38	-0.04	-0.21	0.41		-0.14	0.2	4GF
1NN	0.51	-0.34	0.07	0.33	0.28	-0.14		-0.05	1NN
25F0	-0.32	0.01	0.23	-0.6	-0.07	0.2	-0.05		25F0
	7FZ	6P8	0HF	690D	47X	4GF	1NN	25F0

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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

690D	+ 0.69	7FZ
47X	+ 0.66	7FZ
1NN	+ 0.51	7FZ
4GF	+ 0.41	47X
4GF	+ 0.38	6P8
47X	+ 0.36	690D

High negative correlations

25F0	- 0.6	690D
0HF	- 0.57	6P8
0HF	- 0.54	7FZ
690D	- 0.51	0HF
1NN	- 0.34	6P8
25F0	- 0.32	7FZ

Risk-Adjusted Indicators

There is a big difference between KBC Stock performing well and KBC GR 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 KBC GR'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
7FZ	1.65	0.15	0.12	(8.91)	2.00	(1.71)	3.45	(2.92)	10.71
6P8	1.46	0.00	0.08	(0.16)	1.63	(1.95)	3.73	(3.25)	10.87
0HF	1.92	(0.27)	0.00	0.41	0.00	0.00	5.74	(4.98)	18.99
690D	1.28	0.15	0.17	(0.82)	1.46	(1.42)	2.30	(2.22)	8.20
47X	1.41	(0.14)	0.00	0.39	0.00	0.00	3.08	(2.99)	10.92
4GF	1.47	(0.20)	0.00	2.85	0.00	0.00	2.80	(3.64)	7.41
1NN	1.27	0.12	0.17	0.58	1.21	(1.55)	3.02	(2.02)	8.25
25F0	1.21	(0.17)	0.00	2.09	0.00	0.00	3.05	(3.64)	14.52

Be your own money manager

Our tools can tell you how much better you can do entering a position in KBC GR 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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