Kimball Electronics Correlations

Kimball Electronics Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimball Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For information on how to trade Kimball Stock refer to our How to Trade Kimball Stock guide.

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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    NVT + 0.95 HUBB POWL + 0.92 HUBB POWL + 0.88 NVT HUBB + 0.71 HAYW HUBB + 0.71 ESP POWL + 0.71 ESP

High negative correlations    HUBB - 0.42 ENS ENS - 0.4 HAYW POWL - 0.39 ENS ESP - 0.38 ENS NVT - 0.32 ENS POWL - 0.0 HOLI

Risk-Adjusted Indicators

There is a big difference between Kimball Stock performing well and Kimball Electronics 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 Kimball Electronics' 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.