Kirklands Correlations

KIRK Stock

USD 1.75 0.04 2.34%

The current 90-days correlation between Kirklands and Haverty Furniture Companies is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kirklands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kirklands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kirklands Correlation With Market

Weak diversification

The correlation between Kirklands and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kirklands 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 Kirklands. 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.

For more information on how to buy Kirklands Stock please use our How to buy in Kirklands Stock guide.

Moving together with Kirklands Stock

0.85	W	Wayfair	Pair Corr
0.61	LE	Lands End Earnings Call This Week	Pair Corr
0.63	YJ	Yunji Inc	Pair Corr
0.63	VIPS	Vipshop Holdings	Pair Corr
0.81	EBAY	eBay Inc	Pair Corr
0.73	WOOF	Pet Acquisition LLC Buyout Trend	Pair Corr
0.8	FNKO	Funko Inc	Pair Corr

Moving against Kirklands Stock

0.63	AZI	Autozi Internet Tech	Pair Corr
0.35	ABG	Asbury Automotive	Pair Corr
0.31	CAL	Continental	Pair Corr

Related Correlations Analysis

	FND	HVT	TTSH	ARHS	LIVE	HVT-A	LL	KGFHF	HD	LOW
FND		0.74	-0.04	0.74	0.48	-0.37	0.4	0.28	0.11	0.06	FND
HVT	0.74		-0.37	0.83	0.77	-0.15	0.69	0.27	-0.32	-0.29	HVT
TTSH	-0.04	-0.37		-0.36	-0.64	-0.02	-0.51	0.34	0.61	0.7	TTSH
ARHS	0.74	0.83	-0.36		0.82	-0.23	0.72	-0.1	-0.44	-0.48	ARHS
LIVE	0.48	0.77	-0.64	0.82		-0.1	0.86	-0.21	-0.75	-0.74	LIVE
HVT-A	-0.37	-0.15	-0.02	-0.23	-0.1		-0.19	-0.18	-0.19	-0.15	HVT-A
LL	0.4	0.69	-0.51	0.72	0.86	-0.19		-0.02	-0.66	-0.59	LL
KGFHF	0.28	0.27	0.34	-0.1	-0.21	-0.18	-0.02		0.4	0.53	KGFHF
HD	0.11	-0.32	0.61	-0.44	-0.75	-0.19	-0.66	0.4		0.94	HD
LOW	0.06	-0.29	0.7	-0.48	-0.74	-0.15	-0.59	0.53	0.94		LOW
	FND	HVT	TTSH	ARHS	LIVE	HVT-A	LL	KGFHF	HD	LOW

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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

LOW	+ 0.94	HD
LL	+ 0.86	LIVE
ARHS	+ 0.83	HVT
LIVE	+ 0.82	ARHS
LIVE	+ 0.77	HVT
HVT	+ 0.74	FND

High negative correlations

HD	- 0.75	LIVE
LOW	- 0.74	LIVE
HD	- 0.66	LL
LIVE	- 0.64	TTSH
LOW	- 0.59	LL
LL	- 0.51	TTSH

Risk-Adjusted Indicators

There is a big difference between Kirklands Stock performing well and Kirklands 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 Kirklands' 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
FND	1.73	0.04	(0.02)	0.28	2.34	(1.75)	4.11	(3.94)	12.54
HVT	1.72	(0.33)	0.00	(0.13)	0.00	0.00	4.40	(3.17)	12.17
TTSH	1.37	(0.02)	0.00	0.10	1.84	(1.54)	3.02	(3.00)	9.65
ARHS	2.32	(0.48)	0.00	(0.17)	0.00	0.00	6.36	(5.79)	19.97
LIVE	2.49	(1.02)	0.00	(1.31)	0.00	0.00	5.90	(5.86)	14.89
HVT-A	1.62	(0.06)	(0.03)	(0.02)	2.43	(3.56)	4.90	(5.89)	18.61
LL	6.54	(1.51)	0.00	0.78	0.00	0.00	10.29	(13.54)	124.24
KGFHF	2.00	0.03	0.00	0.15	2.71	(4.28)	7.83	(5.63)	32.82
HD	0.92	0.18	0.09	0.70	0.89	(1.03)	2.22	(1.67)	5.15
LOW	0.95	0.10	0.02	0.39	1.19	(1.00)	1.80	(1.70)	6.49

Kirklands Corporate Executives

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

Maureen Minard

VP CTO

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