KKR Real Correlations
| KREF-PA Preferred Stock | USD 19.88 0.03 0.15% |
The current 90-days correlation between KKR Real Estate and PennyMac Mortgage Investment is 0.03 (i.e., Significant diversification). The correlation of KKR Real 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.
KKR Real Correlation With Market
Modest diversification
The correlation between KKR Real Estate and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KKR Real Estate and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to KKR Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KKR Real 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 KKR Real - 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 KKR Real Estate to buy it.
Moving together with KKR Preferred Stock
| 0.73 | RPT | Rithm Property Trust Symbol Change | PairCorr |
Moving against KKR Preferred Stock
| 0.73 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.65 | RITM-PA | Rithm Capital Corp | PairCorr |
| 0.62 | RITM-PC | Rithm Capital Corp | PairCorr |
| 0.62 | RITM-PB | Rithm Capital Corp | PairCorr |
| 0.61 | ABR-PF | Arbor Realty Trust | PairCorr |
| 0.59 | IVR-PB | Invesco Mortgage Capital | PairCorr |
| 0.57 | MITT-PC | AG Mortgage Investment | PairCorr |
| 0.55 | NLY-PF | Annaly Capital Management | PairCorr |
| 0.54 | GPMT-PA | Granite Point Mortgage | PairCorr |
| 0.53 | NLY-PI | Annaly Capital Management | PairCorr |
| 0.42 | NLY-PG | Annaly Capital Management | PairCorr |
| 0.38 | NREF-PA | NexPoint Real Estate | PairCorr |
| 0.37 | RITM-PD | Rithm Capital Corp | PairCorr |
| 0.68 | AGNCM | AGNC Investment Corp | PairCorr |
| 0.64 | AGNCO | AGNC Investment Corp | PairCorr |
| 0.59 | TWO-PC | Two Harbors Investment | PairCorr |
| 0.57 | CIM-PC | Chimera Investment | PairCorr |
| 0.52 | NYMTL | New York Mortgage | PairCorr |
| 0.52 | DX-PC | Dynex Capital | PairCorr |
| 0.5 | CIM-PD | Chimera Investment | PairCorr |
| 0.49 | NYMTM | New York Mortgage | PairCorr |
| 0.48 | AGNCN | AGNC Investment Corp | PairCorr |
| 0.47 | MFA-PC | MFA Financial | PairCorr |
| 0.41 | CIM-PB | Chimera Investment | PairCorr |
Related Correlations Analysis
| 0.5 | 0.58 | -0.06 | 0.14 | KREF-PA | ||
| 0.5 | 0.75 | 0.11 | 0.52 | RC-PE | ||
| 0.58 | 0.75 | 0.2 | 0.28 | PMT-PC | ||
| -0.06 | 0.11 | 0.2 | 0.19 | ACR-PD | ||
| 0.14 | 0.52 | 0.28 | 0.19 | ABR-PD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between KKR Preferred Stock performing well and KKR Real 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 Real'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KREF-PA | 0.75 | (0.17) | 0.00 | (0.46) | 0.00 | 1.72 | 6.55 | |||
| RC-PE | 0.42 | (0.06) | 0.00 | 1.02 | 0.00 | 0.88 | 2.62 | |||
| PMT-PC | 0.60 | (0.13) | 0.00 | (1.91) | 0.00 | 0.89 | 3.02 | |||
| ACR-PD | 0.45 | 0.00 | (0.04) | 0.06 | 0.59 | 1.23 | 3.15 | |||
| ABR-PD | 0.77 | (0.03) | 0.00 | (0.26) | 0.00 | 1.33 | 5.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in KKR Real 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.Did you try this?
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KKR Real Corporate Management
| Joel Traut | Partner Originations | Profile | |
| Kendra Decious | CFO Treasurer | Profile | |
| Julia Butler | Managing Estate | Profile | |
| CFA CFA | COO Pres | Profile | |
| Turner Trapp | Principal Estate | Profile | |
| Matthew Salem | CEO Director | Profile | |
| Jack Switala | Capital Principal | Profile |