Knightscope Correlations

KSCP Stock

USD 4.44 0.21 4.52%

The correlation of Knightscope 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.

Knightscope Correlation With Market

Modest diversification

The correlation between Knightscope and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knightscope 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 Knightscope. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Knightscope Stock, please use our How to Invest in Knightscope guide.

Moving together with Knightscope Stock

0.63	BRC	Brady	Pair Corr
0.79	CIX	CompX International	Pair Corr
0.66	CXW	CoreCivic	Pair Corr
0.76	MSA	MSA Safety	Pair Corr
0.88	UUU	Universal Security	Pair Corr
0.72	GFAI	Guardforce AI	Pair Corr
0.76	IVDA	Iveda Solutions Trending	Pair Corr
0.95	LGMK	LogicMark	Pair Corr
0.66	EVLVW	Evolv Technologies	Pair Corr
0.82	NSSC	NAPCO Security Techn	Pair Corr
0.94	REZI	Resideo Technologies	Pair Corr
0.64	BAER	Bridger Aerospace	Pair Corr
0.86	SUGP	SU Group Holdings	Pair Corr
0.82	J	Jacobs Solutions	Pair Corr
0.97	BW	Babcock Wilcox Enter	Pair Corr

Moving against Knightscope Stock

0.74	ADT	ADT Inc	Pair Corr
0.39	MG	Mistras Group	Pair Corr
0.76	BZ	Kanzhun Ltd ADR	Pair Corr
0.56	EH	Ehang Holdings	Pair Corr
0.52	DE	Deere Company	Pair Corr

Related Correlations Analysis

	LGMK	GFAIW	BAER	IVDA	GFAI	IVDAW	SPCB	BCO	ALLE	NL
LGMK		0.46	0.66	0.8	0.67	0.42	0.03	0.41	0.55	0.35	LGMK
GFAIW	0.46		0.29	0.43	0.72	0.4	-0.15	0.08	-0.12	0.05	GFAIW
BAER	0.66	0.29		0.46	0.7	0.32	0.63	0.49	0.45	0.12	BAER
IVDA	0.8	0.43	0.46		0.6	0.48	0.09	0.36	0.4	0.52	IVDA
GFAI	0.67	0.72	0.7	0.6		0.53	0.39	0.44	0.27	0.12	GFAI
IVDAW	0.42	0.4	0.32	0.48	0.53		0.16	0.4	0.23	0.31	IVDAW
SPCB	0.03	-0.15	0.63	0.09	0.39	0.16		0.49	0.22	-0.1	SPCB
BCO	0.41	0.08	0.49	0.36	0.44	0.4	0.49		0.53	-0.06	BCO
ALLE	0.55	-0.12	0.45	0.4	0.27	0.23	0.22	0.53		0.43	ALLE
NL	0.35	0.05	0.12	0.52	0.12	0.31	-0.1	-0.06	0.43		NL
	LGMK	GFAIW	BAER	IVDA	GFAI	IVDAW	SPCB	BCO	ALLE	NL

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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

IVDA	+ 0.8	LGMK
GFAI	+ 0.72	GFAIW
GFAI	+ 0.7	BAER
GFAI	+ 0.67	LGMK
BAER	+ 0.66	LGMK
SPCB	+ 0.63	BAER

High negative correlations

SPCB	- 0.15	GFAIW
ALLE	- 0.12	GFAIW
NL	- 0.1	SPCB
NL	- 0.06	BCO

Risk-Adjusted Indicators

There is a big difference between Knightscope Stock performing well and Knightscope 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 Knightscope'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
LGMK	5.32	(3.23)	0.00	6.35	0.00	0.00	5.88	(14.29)	59.82
GFAIW	14.07	2.50	0.13	0.32	12.71	(24.26)	35.00	(25.68)	138.35
BAER	4.54	(0.31)	0.00	(1.93)	0.00	0.00	11.60	(7.49)	36.45
IVDA	8.61	1.01	0.10	1.42	9.73	(11.28)	23.47	(15.49)	77.43
GFAI	7.64	0.80	0.09	0.78	8.07	(9.54)	14.00	(10.71)	81.22
IVDAW	14.31	1.85	0.10	0.99	14.82	(19.78)	31.58	(26.32)	97.11
SPCB	9.59	2.01	0.25	(3.59)	7.73	(12.21)	17.19	(14.13)	76.28
BCO	1.26	(0.07)	0.00	0.17	0.00	0.00	2.39	(2.65)	8.34
ALLE	1.16	(0.03)	0.00	(1.16)	0.00	0.00	1.92	(2.50)	7.89
NL	2.32	0.11	0.03	0.00	2.77	(2.75)	6.24	(5.94)	13.99

Knightscope Corporate Management

Mallorie Burak	Ex CFO	Profile
Aaron Lehnhardt	Executive Officer	Profile
Ryan Fanciullo	VP Operations	Profile
Mercedes Soria	Executive Officer	Profile
Stacy Stephens	Executive Officer	Profile

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