Kingfisher PLC Correlations

Stocks . UK . 
Stock . Kingfisher PLC
KGF Stock   242.90  3.80  1.59%   
The current 90-days correlation between Kingfisher PLC and Electronic Arts is 0.08 (i.e., Significant diversification). The correlation of Kingfisher PLC 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.

Kingfisher PLC Correlation With Market

Significant diversification

The correlation between Kingfisher PLC and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingfisher PLC and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Kingfisher PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingfisher PLC 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 Kingfisher PLC - 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 Kingfisher PLC to buy it.

Moving against Kingfisher Stock

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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   
0A1O
+ 0.81
0I47
0I47
+ 0.75
0SPT
0A1O
+ 0.72
0SPT
0I47
+ 0.62
0IFX
AT
+ 0.56
0NIF
0A1O
+ 0.55
0IFX
  
High negative correlations   
0NIF
- 0.71
0IFX
0A1O
- 0.55
0NIF
0I47
- 0.53
0NIF
0SPT
- 0.53
APTD
0A1O
- 0.47
AT
0R2T
- 0.45
0SPT

Risk-Adjusted Indicators

There is a big difference between Kingfisher Stock performing well and Kingfisher PLC 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 Kingfisher PLC'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 Kingfisher PLC 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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Kingfisher PLC Corporate Management

Elected by the shareholders, the Kingfisher PLC's board of directors comprises two types of representatives: Kingfisher PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kingfisher. The board's role is to monitor Kingfisher PLC's management team and ensure that shareholders' interests are well served. Kingfisher PLC'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, Kingfisher PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
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