KKR Co Correlations

Stocks . USA . 
Stock . KKR Co LP
KKR Stock  USD 114.02  1.66  1.43%   
The current 90-days correlation between KKR Co LP and Ares Management LP is 0.08 (i.e., Significant diversification). The correlation of KKR Co 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.

KKR Co Correlation With Market

Very weak diversification

The correlation between KKR Co LP and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KKR Co LP 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 KKR Co LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with KKR Stock

  0.63BN Brookfield CorpPairCorr
  0.95CG Carlyle GroupPairCorr
  0.81LC LendingClub CorpPairCorr
  0.75MC MoelisPairCorr
  0.68MS Morgan StanleyPairCorr
  0.67PX P10 IncPairCorr
  0.79RC Ready Capital CorpPairCorr
  0.81RM Regional Management CorpPairCorr
  0.93SF Stifel FinancialPairCorr
  0.79WT WisdomTreePairCorr
  0.72VCTR Victory Capital HoldingsPairCorr

Moving against KKR Stock

  0.78LU Lufax HoldingPairCorr
  0.73DX Dynex CapitalPairCorr
  0.72DB Deutsche Bank AG Buyout TrendPairCorr
  0.63LX Lexinfintech HoldingsPairCorr
  0.71DMYY dMY Squared TechnologyPairCorr
  0.6WU Western UnionPairCorr
  0.58XP Xp IncPairCorr
  0.53DOMH Dominari HoldingsPairCorr
  0.49TW Tradeweb MarketsPairCorr
  0.75DYCQ DT Cloud AcquisitionPairCorr
  0.68EMCG Embrace Change AcquiPairCorr
  0.64VMCA Valuence Merger CorpPairCorr
  0.43EMCGU Embrace Change AcquiPairCorr
  0.43WINV WinVest Acquisition CorpPairCorr
  0.41EMCGR Embrace Change AcquiPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between KKR Stock performing well and KKR Co 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 KKR Co'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CG  2.06 (0.04) 0.00 (0.12) 0.00 
 0.00 
 3.25 
(5.65)
 10.93 
ARES  1.83 (0.23) 0.00  10.32  0.00 
 0.00 
 2.70 
(3.99)
 11.83 
BX  1.73 (0.22) 0.00 (0.24) 0.00 
 0.00 
 2.72 
(4.22)
 8.36 
OWL  2.04 (0.08) 0.00 (0.15) 0.00 
 0.00 
 3.75 
(4.96)
 9.33 
APO  1.76 (0.21) 0.00 (0.25) 0.00 
 0.00 
 3.45 
(4.09)
 8.29 
TPG  1.90 (0.28) 0.00 (0.30) 0.00 
 0.00 
 4.03 
(5.13)
 10.89 
CGBD  0.92 (0.02) 0.00 (0.16) 0.00 
 0.00 
 1.72 
(1.87)
 5.90 
BLK  1.22  0.03  0.00 (0.07) 0.00 
 0.00 
 3.15 
(3.16)
 10.93 
BAM  1.81 (0.03) 0.00 (0.12) 0.00 
 0.00 
 3.21 
(5.34)
 11.24 
BN  1.57 (0.03) 0.00 (0.12) 0.00 
 0.00 
 2.86 
(4.81)
 8.41 

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