Kindly MD, Correlations

KDLYW Stock

0.34 0.01 2.60%

The current 90-days correlation between Kindly MD, Warrants and Elite Education Group is 0.12 (i.e., Average diversification). The correlation of Kindly MD, 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.

Kindly MD, Correlation With Market

Significant diversification

The correlation between Kindly MD, Warrants and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kindly MD, Warrants 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 Kindly MD, Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Kindly Stock

0.69	SY	So Young International	Pair Corr
0.73	YCBD-PA	cbdMD Inc	Pair Corr

Moving against Kindly Stock

0.42	WHWK	WHWK Symbol Change	Pair Corr
0.41	WEAV	Weave Communications	Pair Corr
0.7	UPB	Upstream Bio, Downward Rally	Pair Corr
0.6	ZBIO	Zenas BioPharma, Common	Pair Corr
0.57	GELS	Gelteq Limited Ordinary	Pair Corr
0.57	GRCE	Grace Therapeutics, Symbol Change	Pair Corr
0.56	ATR	AptarGroup	Pair Corr
0.45	HURA	TuHURA Biosciences Symbol Change	Pair Corr
0.41	GRDN	Guardian Pharmacy	Pair Corr
0.34	FBIOP	Fortress Biotech Pref Earnings Call This Week	Pair Corr
0.31	ZOMDF	Zomedica Corp	Pair Corr
0.77	NAYA	NAYA Biosciences, Symbol Change	Pair Corr
0.72	OKUR	OnKure Therapeutics, Symbol Change	Pair Corr
0.67	JUNS	Jupiter Neurosciences,	Pair Corr
0.53	MTVA	MetaVia Symbol Change	Pair Corr
0.45	NWBO	Northwest Biotherapeutics	Pair Corr
0.37	KLRS	KLRS Symbol Change	Pair Corr

Related Correlations Analysis

	EEIQ	MU	IDPUF	NDCVF	MCHP	UMC	LASR	WBTN
EEIQ		0.01	0.71	-0.64	0.18	-0.49	0.8	0.9	EEIQ
MU	0.01		0.0	0.1	0.23	-0.07	0.24	-0.02	MU
IDPUF	0.71	0.0		-0.95	0.09	-0.33	0.6	0.85	IDPUF
NDCVF	-0.64	0.1	-0.95		0.0	0.15	-0.46	-0.8	NDCVF
MCHP	0.18	0.23	0.09	0.0		0.18	0.08	0.1	MCHP
UMC	-0.49	-0.07	-0.33	0.15	0.18		-0.73	-0.48	UMC
LASR	0.8	0.24	0.6	-0.46	0.08	-0.73		0.81	LASR
WBTN	0.9	-0.02	0.85	-0.8	0.1	-0.48	0.81		WBTN
	EEIQ	MU	IDPUF	NDCVF	MCHP	UMC	LASR	WBTN

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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

WBTN	+ 0.9	EEIQ
WBTN	+ 0.85	IDPUF
WBTN	+ 0.81	LASR
LASR	+ 0.8	EEIQ
IDPUF	+ 0.71	EEIQ
LASR	+ 0.6	IDPUF

High negative correlations

NDCVF	- 0.95	IDPUF
WBTN	- 0.8	NDCVF
LASR	- 0.73	UMC
NDCVF	- 0.64	EEIQ
UMC	- 0.49	EEIQ
WBTN	- 0.48	UMC

Risk-Adjusted Indicators

There is a big difference between Kindly Stock performing well and Kindly MD, 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 Kindly MD,'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
EEIQ	3.01	(0.37)	0.00	(0.46)	0.00	0.00	4.95	(6.98)	26.36
MU	3.31	0.03	0.00	(0.03)	0.00	0.00	6.23	(6.33)	22.15
IDPUF	0.26	(0.14)	0.00	1.15	0.00	0.00	0.00	0.00	8.81
NDCVF	2.15	0.66	0.15	1.00	1.72	(5.04)	6.00	(5.14)	34.96
MCHP	2.02	(0.07)	0.00	(0.11)	0.00	0.00	3.29	(5.01)	20.48
UMC	1.51	0.12	0.07	0.16	1.99	(1.56)	3.58	(3.62)	8.20
LASR	2.66	(0.25)	0.00	(0.28)	0.00	0.00	5.67	(7.08)	16.59
WBTN	2.27	(0.42)	0.00	(0.39)	0.00	0.00	4.16	(5.24)	25.23

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