Eastman Kodak Correlations

KODK Stock

USD 6.25 0.26 3.99%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Kodak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Kodak Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eastman Kodak Correlation With Market

Weak diversification

The correlation between Eastman Kodak Co and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eastman Kodak Co 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 Eastman Kodak Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Eastman Stock

0.67	DCGO	DocGo Inc	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.69	JPM	JPMorgan Chase	Pair Corr
0.7	WMT	Walmart	Pair Corr

Moving against Eastman Stock

0.32

PFE

Pfizer Inc

Pair Corr

Related Correlations Analysis

	ATTO	SMX	SST	LICN	TISI	PFSW	MMS	FA	CVEO	NTIP
ATTO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ATTO
SMX	0.0		0.7	-0.38	-0.41	0.0	0.48	0.35	-0.14	-0.07	SMX
SST	0.0	0.7		-0.66	-0.03	0.0	0.55	0.67	0.05	-0.27	SST
LICN	0.0	-0.38	-0.66		-0.39	0.0	-0.46	-0.92	-0.53	0.04	LICN
TISI	0.0	-0.41	-0.03	-0.39		0.0	-0.03	0.47	0.6	0.17	TISI
PFSW	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PFSW
MMS	0.0	0.48	0.55	-0.46	-0.03	0.0		0.41	0.03	0.09	MMS
FA	0.0	0.35	0.67	-0.92	0.47	0.0	0.41		0.57	-0.16	FA
CVEO	0.0	-0.14	0.05	-0.53	0.6	0.0	0.03	0.57		0.24	CVEO
NTIP	0.0	-0.07	-0.27	0.04	0.17	0.0	0.09	-0.16	0.24		NTIP
	ATTO	SMX	SST	LICN	TISI	PFSW	MMS	FA	CVEO	NTIP

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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

SST	+ 0.7	SMX
FA	+ 0.67	SST
CVEO	+ 0.6	TISI
CVEO	+ 0.57	FA
MMS	+ 0.55	SST
MMS	+ 0.48	SMX

High negative correlations

FA	- 0.92	LICN
LICN	- 0.66	SST
CVEO	- 0.53	LICN
MMS	- 0.46	LICN
TISI	- 0.41	SMX
TISI	- 0.39	LICN

Risk-Adjusted Indicators

There is a big difference between Eastman Stock performing well and Eastman Kodak 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 Eastman Kodak'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
ATTO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMX	10.17	(0.68)	0.00	0.06	0.00	0.00	14.06	(20.07)	167.02
SST	5.00	(0.48)	0.00	(0.36)	0.00	0.00	11.48	(9.26)	46.11
LICN	452.60	198.78	18.45	(0.54)	0.00	(764.61)	10.96	(17.39)	15,180
TISI	3.70	0.43	0.09	0.84	4.54	(3.77)	7.97	(7.91)	29.37
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MMS	1.30	(0.01)	0.00	(0.10)	0.00	0.00	2.55	(2.51)	10.72
FA	1.76	(0.46)	0.00	(0.60)	0.00	0.00	2.68	(4.35)	17.95
CVEO	1.81	(0.05)	0.00	(0.43)	0.00	0.00	3.79	(3.18)	25.93
NTIP	1.48	0.23	0.11	0.40	1.77	(1.89)	3.25	(2.22)	10.73

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