KBC GR Correlations

Stocks . Germany . 
Stock . KBC GR
KDB Stock   84.30  0.62  0.73%   
The current 90-days correlation between KBC GR and Magic Software Enterprises is 0.03 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

KBC GR Correlation With Market

Good diversification

The correlation between KBC GR and DJI is -0.1 (i.e., Good 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

  0.82DBPE Xtrackers LevDAXPairCorr
  0.68E908 Lyxor 1PairCorr

Moving against KBC Stock

  0.9PQ9 BANK MANDIRIPairCorr
  0.89MSF MicrosoftPairCorr
  0.88MSF MicrosoftPairCorr
  0.88MSF MicrosoftPairCorr
  0.88MSF MicrosoftPairCorr
  0.88PQ9 BANK MANDIRIPairCorr
  0.87MSF MicrosoftPairCorr
  0.85BZG2 BANK CENTRAL ASIAPairCorr
  0.84BZG2 BANK CENTRAL ASIAPairCorr
  0.83PQ9 PT Bank MandiriPairCorr
  0.82BYRA BANK RAKYAT INDPairCorr
  0.79PQ9 BANK MANDIRIPairCorr
  0.79DBPD Xtrackers ShortDAXPairCorr
  0.72AMZ Amazon IncPairCorr
  0.66BYRA BANK RAKYAT INDPairCorr
  0.62BYRA PT Bank RakyatPairCorr
  0.6BYRA PT Bank RakyatPairCorr
  0.37APC Apple IncPairCorr
  0.36APC Apple IncPairCorr
  0.36APC Apple IncPairCorr
  0.35APC Apple IncPairCorr

Related Correlations Analysis

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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   
M0G
+ 0.77
CPW
DFPP
+ 0.71
ZYR1
CPW
+ 0.53
MGK
M0G
+ 0.51
MGK
BSS
+ 0.31
M0G
BSS
+ 0.22
MGK
  
High negative correlations   
ZYR1
- 0.54
CPW
DFPP
- 0.45
CPW
ZYR1
- 0.36
M0G
DFPP
- 0.35
M0G
ZYR1
- 0.21
BSS
DFPP
- 0.18
BSS

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.

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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