KULR Technology Correlations

KULR Stock

USD 0.72 0.05 6.49%

The current 90-days correlation between KULR Technology Group and Richardson Electronics is -0.02 (i.e., Good diversification). The correlation of KULR Technology 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.

KULR Technology Correlation With Market

Modest diversification

The correlation between KULR Technology Group and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KULR Technology Group 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 KULR Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with KULR Stock

0.66	EBON	Ebang International	Pair Corr
0.72	KVHI	KVH Industries	Pair Corr
0.62	NTGR	NETGEAR	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.75	DIS	Walt Disney Aggressive Push	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr

Moving against KULR Stock

0.64	PPERY	Bank Mandiri Persero	Pair Corr
0.63	PPERF	Bank Mandiri Persero	Pair Corr
0.59	MCHP	Microchip Technology	Pair Corr
0.55	BKRKF	PT Bank Rakyat	Pair Corr
0.47	ARW	Arrow Electronics	Pair Corr
0.47	TER	Teradyne	Pair Corr
0.45	LGMK	LogicMark	Pair Corr
0.62	BKRKY	Bank Rakyat	Pair Corr
0.62	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.6	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.59	TLK	Telkom Indonesia Tbk	Pair Corr
0.58	PBCRY	Bank Central Asia	Pair Corr
0.55	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.51	PBCRF	PT Bank Central	Pair Corr
0.43	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	RELL	LINK	SGMA	OUST	HOLO	LPTH	DAKT	OLED
RELL		0.66	0.1	0.79	-0.78	0.86	0.58	-0.5	RELL
LINK	0.66		-0.1	0.5	-0.64	0.34	0.46	-0.65	LINK
SGMA	0.1	-0.1		0.12	0.36	0.36	0.49	0.13	SGMA
OUST	0.79	0.5	0.12		-0.58	0.63	0.8	-0.71	OUST
HOLO	-0.78	-0.64	0.36	-0.58		-0.52	-0.24	0.48	HOLO
LPTH	0.86	0.34	0.36	0.63	-0.52		0.5	-0.24	LPTH
DAKT	0.58	0.46	0.49	0.8	-0.24	0.5		-0.65	DAKT
OLED	-0.5	-0.65	0.13	-0.71	0.48	-0.24	-0.65		OLED
	RELL	LINK	SGMA	OUST	HOLO	LPTH	DAKT	OLED

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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

LPTH	+ 0.86	RELL
DAKT	+ 0.8	OUST
OUST	+ 0.79	RELL
LINK	+ 0.66	RELL
LPTH	+ 0.63	OUST
DAKT	+ 0.58	RELL

High negative correlations

HOLO	- 0.78	RELL
OLED	- 0.71	OUST
OLED	- 0.65	DAKT
OLED	- 0.65	LINK
HOLO	- 0.64	LINK
HOLO	- 0.58	OUST

Risk-Adjusted Indicators

There is a big difference between KULR Stock performing well and KULR Technology 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 KULR Technology'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
RELL	1.42	0.13	0.10	0.24	1.25	(1.68)	3.38	(1.91)	11.38
LINK	3.90	0.39	0.03	(0.17)	3.69	(5.61)	8.19	(6.19)	46.04
SGMA	2.56	(0.33)	0.00	(1.23)	0.00	0.00	5.56	(6.47)	13.14
OUST	3.70	0.02	0.09	0.13	3.62	(4.53)	6.24	(6.76)	39.43
HOLO	7.81	(2.26)	0.00	(0.68)	0.00	0.00	19.50	(16.67)	51.37
LPTH	2.94	0.27	0.06	0.50	3.47	(3.50)	7.50	(4.46)	18.28
DAKT	1.82	(0.21)	0.00	(0.02)	0.00	0.00	3.48	(4.61)	13.00
OLED	1.72	(0.41)	0.00	(0.16)	0.00	0.00	3.04	(4.45)	15.98

KULR Technology Corporate Management

Simon Westbrook	Chief Officer	Profile
Shawn Canter	Chief Officer	Profile
Greg Provenzano	VP Marketing	Profile
Derek Newton	Head Relations	Profile
Ted Krupp	Vice Marketing	Profile

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