Korn Ferry Correlations

KFY Stock

USD 66.85 0.99 1.46%

The current 90-days correlation between Korn Ferry and Kforce Inc is 0.51 (i.e., Very weak diversification). The correlation of Korn Ferry 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.

Korn Ferry Correlation With Market

Very weak diversification

The correlation between Korn Ferry and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korn Ferry 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 Korn Ferry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Korn Stock please use our How to Invest in Korn Ferry guide.

Moving together with Korn Stock

0.75	J	Jacobs Solutions	Pair Corr
0.77	AP	Ampco Pittsburgh Earnings Call This Week	Pair Corr
0.71	BV	BrightView Holdings	Pair Corr
0.7	CW	Curtiss Wright	Pair Corr
0.7	IR	Ingersoll Rand	Pair Corr
0.64	NL	NL Industries	Pair Corr

Moving against Korn Stock

0.53	EH	Ehang Holdings	Pair Corr
0.48	NSP	Insperity	Pair Corr
0.59	PC	Premium Catering	Pair Corr
0.4	SB	Safe Bulkers	Pair Corr
0.38	DMYY	dMY Squared Technology	Pair Corr

Related Correlations Analysis

	HSII	KELYA	KFRC	MAN	BBSI
HSII		0.38	0.57	0.54	0.6	HSII
KELYA	0.38		0.36	0.24	0.48	KELYA
KFRC	0.57	0.36		0.39	0.79	KFRC
MAN	0.54	0.24	0.39		0.14	MAN
BBSI	0.6	0.48	0.79	0.14		BBSI
	HSII	KELYA	KFRC	MAN	BBSI

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Risk-Adjusted Indicators

There is a big difference between Korn Stock performing well and Korn Ferry 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 Korn Ferry'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HSII	1.23	(0.03)	(0.16)	2.44	(3.38)	17.22
KELYA	1.55	0.02	(0.04)	3.16	(3.36)	11.95
KFRC	1.16	(0.20)	(0.38)	2.22	(3.31)	7.05
MAN	1.32	0.04	(0.01)	3.22	(2.38)	8.18
BBSI	0.95	(0.04)	(0.13)	1.91	(1.96)	4.99

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