Joint Stock Correlations

KSPI Stock

103.13 0.13 0.13%

The current 90-days correlation between Joint Stock and Boston Properties is -0.01 (i.e., Good diversification). The correlation of Joint Stock 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.

Joint Stock Correlation With Market

Modest diversification

The correlation between Joint Stock and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Joint Stock 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 Joint Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Joint Stock please use our How to Invest in Joint Stock guide.

Moving together with Joint Stock

0.7	S	SentinelOne	Pair Corr
0.68	ZS	Zscaler Earnings Call Today	Pair Corr
0.7	DTSS	Datasea	Pair Corr
0.71	EVCM	EverCommerce	Pair Corr
0.75	EVTC	Evertec Earnings Call Today	Pair Corr
0.78	GEN	Gen Digital	Pair Corr
0.77	MDB	MongoDB Earnings Call This Week	Pair Corr

Moving against Joint Stock

0.75	GB	Global Blue Group Tech Boost	Pair Corr
0.62	VRAR	Glimpse Group	Pair Corr
0.42	EXOD	Exodus Movement,	Pair Corr
0.34	BB	BlackBerry	Pair Corr
0.31	VRSN	VeriSign	Pair Corr
0.6	HCP	Hashicorp	Pair Corr
0.4	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.39	DBX	Dropbox	Pair Corr
0.62	LIDRW	AEye Inc	Pair Corr
0.49	WIX	WixCom	Pair Corr
0.46	VHC	VirnetX Holding Corp	Pair Corr

Related Correlations Analysis

	ONL	PSFE	BXP	ATHM	BNTX	HIW	LPCN	ADI
ONL		0.7	-0.12	0.67	0.46	-0.05	-0.56	0.3	ONL
PSFE	0.7		-0.02	0.57	0.4	-0.12	-0.55	0.02	PSFE
BXP	-0.12	-0.02		-0.4	-0.12	0.85	0.55	-0.14	BXP
ATHM	0.67	0.57	-0.4		0.31	-0.35	-0.7	0.33	ATHM
BNTX	0.46	0.4	-0.12	0.31		-0.23	-0.03	0.17	BNTX
HIW	-0.05	-0.12	0.85	-0.35	-0.23		0.47	0.1	HIW
LPCN	-0.56	-0.55	0.55	-0.7	-0.03	0.47		-0.25	LPCN
ADI	0.3	0.02	-0.14	0.33	0.17	0.1	-0.25		ADI
	ONL	PSFE	BXP	ATHM	BNTX	HIW	LPCN	ADI

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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

HIW	+ 0.85	BXP
PSFE	+ 0.7	ONL
ATHM	+ 0.67	ONL
ATHM	+ 0.57	PSFE
LPCN	+ 0.55	BXP
LPCN	+ 0.47	HIW

High negative correlations

LPCN	- 0.7	ATHM
LPCN	- 0.56	ONL
LPCN	- 0.55	PSFE
ATHM	- 0.4	BXP
HIW	- 0.35	ATHM
ADI	- 0.25	LPCN

Risk-Adjusted Indicators

There is a big difference between Joint Stock performing well and Joint Stock 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 Joint Stock'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
ONL	1.48	0.18	0.09	0.24	1.82	(1.63)	3.25	(2.70)	11.19
PSFE	2.19	0.25	0.06	0.36	3.58	(2.27)	4.10	(3.25)	33.26
BXP	1.42	(0.17)	0.00	1.20	0.00	0.00	2.37	(2.55)	10.95
ATHM	1.57	0.12	0.05	0.23	1.97	(1.56)	3.57	(3.41)	9.63
BNTX	2.53	0.17	0.06	0.32	2.66	(2.96)	5.96	(4.92)	14.16
HIW	1.16	(0.10)	0.00	(0.22)	0.00	0.00	1.80	(2.81)	6.35
LPCN	3.25	(0.53)	0.00	(0.52)	0.00	0.00	5.80	(7.41)	24.67
ADI	1.43	0.19	0.10	0.19	1.64	(1.54)	2.52	(2.83)	11.75

Joint Stock Corporate Management

David Ferguson	Head Relations	Profile
Mamuka Kirvalidze	Head Business	Profile
Yuri Didenko	Deputy Board	Profile
Oleg Bakhmutov	Head People	Profile
Arseniy Kochetkov	Head Services	Profile

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