Kilroy Realty Correlations

KRC Stock

EUR 31.60 0.80 2.60%

The current 90-days correlation between Kilroy Realty Corp and Canon Marketing Japan is 0.18 (i.e., Average diversification). The correlation of Kilroy Realty 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.

Kilroy Realty Correlation With Market

Modest diversification

The correlation between Kilroy Realty Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kilroy Realty Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kilroy Realty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kilroy Realty 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 Kilroy Realty - 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 Kilroy Realty Corp to buy it.

Moving together with Kilroy Stock

0.86	FQI	Digital Realty Trust	Pair Corr
0.86	GEI	SL Green Realty	Pair Corr
0.82	VO7	Vornado Realty Trust	Pair Corr
0.84	PQ9	BANK MANDIRI	Pair Corr
0.83	PQ9	PT Bank Mandiri	Pair Corr
0.87	PQ9	BANK MANDIRI	Pair Corr
0.84	PQ9	BANK MANDIRI	Pair Corr
0.64	BYRA	PT Bank Rakyat	Pair Corr
0.7	BYRA	BANK RAKYAT IND	Pair Corr
0.78	BYRA	BANK RAKYAT IND	Pair Corr
0.79	PTI	Perusahaan Perseroan Earnings Call Tomorrow	Pair Corr
0.85	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against Kilroy Stock

0.78	O2F	ORIX JREIT INC	Pair Corr
0.68	MJB	Mirvac Group	Pair Corr
0.54	HSC2	Inmobiliaria Colonial	Pair Corr
0.31	T62	TOHO ZINC LTD	Pair Corr
0.9	3RE	Rejlerkoncernen AB	Pair Corr
0.89	5TP	BLUE LABEL	Pair Corr
0.87	BSN	Danone SA	Pair Corr
0.85	TKA	thyssenkrupp AG	Pair Corr
0.85	DBPE	Xtrackers LevDAX	Pair Corr
0.83	JYS1	JYSKE BANK	Pair Corr
0.82	BY6A	BYD Limited Earnings Call Tomorrow	Pair Corr
0.79	TLLB	Trelleborg AB	Pair Corr
0.74	SOBA	ATT Inc	Pair Corr
0.74	KGHA	KGHM Polska Miedz Earnings Call This Week	Pair Corr
0.73	E908	Lyxor 1	Pair Corr
0.72	KEI	KEISEI EL RAILWAY Split	Pair Corr
0.71	ROM	Rohm Co	Pair Corr
0.67	BRH	Berkshire Hathaway	Pair Corr
0.6	MRG	Outcrop Silver Gold	Pair Corr
0.58	HUKI	HUHTAMAKI	Pair Corr

Related Correlations Analysis

	SIT4	CNJ	96W	CI1A	SRI	OTE	I1M
SIT4		0.67	-0.37	0.69	0.02	0.09	0.86	SIT4
CNJ	0.67		-0.26	0.34	-0.06	-0.3	0.56	CNJ
96W	-0.37	-0.26		-0.53	-0.05	-0.33	-0.31	96W
CI1A	0.69	0.34	-0.53		0.0	0.51	0.64	CI1A
SRI	0.02	-0.06	-0.05	0.0		0.06	-0.01	SRI
OTE	0.09	-0.3	-0.33	0.51	0.06		0.16	OTE
I1M	0.86	0.56	-0.31	0.64	-0.01	0.16		I1M
	SIT4	CNJ	96W	CI1A	SRI	OTE	I1M

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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

I1M	+ 0.86	SIT4
CI1A	+ 0.69	SIT4
CNJ	+ 0.67	SIT4
I1M	+ 0.64	CI1A
I1M	+ 0.56	CNJ
OTE	+ 0.51	CI1A

High negative correlations

CI1A	- 0.53	96W
96W	- 0.37	SIT4
OTE	- 0.33	96W
I1M	- 0.31	96W
OTE	- 0.3	CNJ
96W	- 0.26	CNJ

Risk-Adjusted Indicators

There is a big difference between Kilroy Stock performing well and Kilroy Realty 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 Kilroy Realty'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
SIT4	1.22	0.12	0.08	0.17	1.59	(1.28)	2.28	(2.17)	7.88
CNJ	0.97	0.03	0.07	0.37	1.07	(1.27)	2.03	(1.89)	5.08
96W	2.70	0.26	0.07	0.46	3.07	(3.66)	5.19	(5.56)	26.22
CI1A	1.42	0.24	0.15	(0.71)	1.71	(1.79)	3.00	(2.89)	13.49
SRI	5.31	1.50	0.18	0.44	4.41	(12.27)	7.14	(6.67)	137.62
OTE	0.63	0.01	0.06	0.16	0.82	(1.23)	1.78	(1.70)	6.04
I1M	1.10	0.15	0.13	0.23	1.39	(1.23)	2.38	(2.52)	8.77

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kilroy Realty 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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