Kforce Correlations

KFRC Stock

USD 59.64 0.28 0.47%

The current 90-days correlation between Kforce Inc and Heidrick Struggles International is 0.7 (i.e., Poor diversification). The correlation of Kforce 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.

Kforce Correlation With Market

Very weak diversification

The correlation between Kforce Inc and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kforce Inc 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 Kforce Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Kforce Stock

0.65	MSA	MSA Safety	Pair Corr
0.75	CMPR	Cimpress NV	Pair Corr

Moving against Kforce Stock

0.76	AMBI	Ambipar Emergency	Pair Corr
0.7	B	Barnes Group	Pair Corr
0.69	NL	NL Industries	Pair Corr
0.65	J	Jacobs Solutions	Pair Corr
0.58	SABR	Sabre Corpo	Pair Corr
0.51	ADVWW	Advantage Solutions	Pair Corr
0.48	AXR	AMREP	Pair Corr
0.42	LNZA	LanzaTech Global	Pair Corr
0.38	LICY	LiCycle Holdings Corp	Pair Corr
0.31	CTAS	Cintas	Pair Corr
0.77	BW	Babcock Wilcox Enter	Pair Corr
0.64	EH	Ehang Holdings	Pair Corr
0.59	TG	Tredegar	Pair Corr
0.55	BZ	Kanzhun Ltd ADR	Pair Corr
0.5	CW	Curtiss Wright	Pair Corr
0.49	IR	Ingersoll Rand	Pair Corr
0.48	DY	Dycom Industries	Pair Corr
0.45	HY	Hyster Yale Materials	Pair Corr
0.44	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	HSII	MAN	KFY	HSON	KELYA	BBSI	KELYB	RHI	TBI
HSII		-0.66	0.85	-0.28	-0.83	0.95	-0.88	0.92	-0.29	HSII
MAN	-0.66		-0.24	0.19	0.71	-0.58	0.72	-0.64	0.57	MAN
KFY	0.85	-0.24		-0.25	-0.59	0.88	-0.65	0.83	-0.06	KFY
HSON	-0.28	0.19	-0.25		0.23	-0.27	0.21	-0.26	0.13	HSON
KELYA	-0.83	0.71	-0.59	0.23		-0.87	0.96	-0.74	0.64	KELYA
BBSI	0.95	-0.58	0.88	-0.27	-0.87		-0.9	0.9	-0.38	BBSI
KELYB	-0.88	0.72	-0.65	0.21	0.96	-0.9		-0.77	0.5	KELYB
RHI	0.92	-0.64	0.83	-0.26	-0.74	0.9	-0.77		-0.35	RHI
TBI	-0.29	0.57	-0.06	0.13	0.64	-0.38	0.5	-0.35		TBI
	HSII	MAN	KFY	HSON	KELYA	BBSI	KELYB	RHI	TBI

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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

KELYB	+ 0.96	KELYA
BBSI	+ 0.95	HSII
RHI	+ 0.92	HSII
RHI	+ 0.9	BBSI
BBSI	+ 0.88	KFY
KFY	+ 0.85	HSII

High negative correlations

KELYB	- 0.9	BBSI
KELYB	- 0.88	HSII
BBSI	- 0.87	KELYA
KELYA	- 0.83	HSII
RHI	- 0.77	KELYB
RHI	- 0.74	KELYA

Risk-Adjusted Indicators

There is a big difference between Kforce Stock performing well and Kforce 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 Kforce'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
HSII	1.53	0.08	0.14	0.16	1.29	(1.81)	3.31	(2.62)	15.55
MAN	1.42	(0.36)	0.00	(0.15)	0.00	0.00	2.76	(2.84)	12.95
KFY	1.29	(0.05)	0.02	0.09	1.34	(1.40)	3.56	(2.17)	9.56
HSON	1.81	(0.26)	0.00	2.02	0.00	0.00	4.12	(4.27)	16.19
KELYA	1.75	(0.69)	0.00	(0.29)	0.00	0.00	2.89	(4.04)	27.28
BBSI	1.11	0.13	0.17	0.21	0.75	(1.32)	2.23	(1.71)	9.43
KELYB	1.43	(0.47)	0.00	(0.92)	0.00	0.00	2.55	(6.15)	17.93
RHI	1.23	0.04	0.09	0.14	1.05	(1.51)	2.24	(2.07)	13.22
TBI	2.15	(0.41)	0.00	(0.08)	0.00	0.00	4.21	(4.52)	16.74

Kforce Corporate Executives

Elected by the shareholders, the Kforce's board of directors comprises two types of representatives: Kforce inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kforce. The board's role is to monitor Kforce's management team and ensure that shareholders' interests are well served. Kforce's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kforce's outside directors are responsible for providing unbiased perspectives on the board's policies.

David Kelly

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