Kennedy Wilson Correlations

KW Stock

USD 9.02 0.18 2.04%

The current 90-days correlation between Kennedy Wilson Holdings and Frp Holdings Ord is 0.52 (i.e., Very weak diversification). The correlation of Kennedy Wilson 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.

Kennedy Wilson Correlation With Market

Very weak diversification

The correlation between Kennedy Wilson Holdings and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kennedy Wilson Holdings 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 Kennedy Wilson Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Kennedy Stock

0.75	OZ	Belpointe PREP LLC	Pair Corr
0.72	UE	Urban Edge Properties	Pair Corr
0.67	ADC-PA	Agree Realty	Pair Corr

Moving against Kennedy Stock

0.55	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.54	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.49	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.47	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.46	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.42	MAYS	J W Mays	Pair Corr
0.4	DX	Dynex Capital Sell-off Trend	Pair Corr
0.32	WY	Weyerhaeuser	Pair Corr
0.31	FR	First Industrial Realty	Pair Corr
0.42	CDR-PC	Cedar Realty Trust	Pair Corr
0.41	MITT-PC	AG Mortgage Investment	Pair Corr
0.41	WELL	Welltower	Pair Corr
0.4	DOUG	Douglas Elliman	Pair Corr
0.4	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	FRPH	TCI	MAYS	HOUS	RMAX	CSGP	IRS	JLL	CBRE	CWK
FRPH		-0.13	-0.07	0.42	0.44	-0.09	0.14	0.76	0.75	0.65	FRPH
TCI	-0.13		-0.18	0.0	0.08	-0.2	0.18	-0.39	-0.36	-0.12	TCI
MAYS	-0.07	-0.18		-0.47	-0.17	-0.15	-0.19	-0.02	0.13	-0.11	MAYS
HOUS	0.42	0.0	-0.47		0.25	0.49	-0.06	0.62	0.5	0.27	HOUS
RMAX	0.44	0.08	-0.17	0.25		-0.51	0.78	0.3	0.24	0.87	RMAX
CSGP	-0.09	-0.2	-0.15	0.49	-0.51		-0.68	0.33	0.19	-0.4	CSGP
IRS	0.14	0.18	-0.19	-0.06	0.78	-0.68		-0.05	-0.07	0.67	IRS
JLL	0.76	-0.39	-0.02	0.62	0.3	0.33	-0.05		0.89	0.57	JLL
CBRE	0.75	-0.36	0.13	0.5	0.24	0.19	-0.07	0.89		0.53	CBRE
CWK	0.65	-0.12	-0.11	0.27	0.87	-0.4	0.67	0.57	0.53		CWK
	FRPH	TCI	MAYS	HOUS	RMAX	CSGP	IRS	JLL	CBRE	CWK

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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

CBRE	+ 0.89	JLL
CWK	+ 0.87	RMAX
IRS	+ 0.78	RMAX
JLL	+ 0.76	FRPH
CBRE	+ 0.75	FRPH
CWK	+ 0.67	IRS

High negative correlations

IRS	- 0.68	CSGP
CSGP	- 0.51	RMAX
HOUS	- 0.47	MAYS
CWK	- 0.4	CSGP
JLL	- 0.39	TCI
CBRE	- 0.36	TCI

Risk-Adjusted Indicators

There is a big difference between Kennedy Stock performing well and Kennedy Wilson 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 Kennedy Wilson'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
FRPH	1.12	(0.11)	0.00	(0.18)	0.00	0.00	1.81	(3.61)	7.96
TCI	1.70	0.07	0.05	0.86	1.89	(2.16)	4.21	(3.13)	12.24
MAYS	1.13	(0.17)	0.00	(10.65)	0.00	0.00	3.24	(3.61)	16.26
HOUS	3.30	(0.03)	0.00	(0.06)	0.00	0.00	6.03	(7.40)	19.40
RMAX	2.20	(0.34)	0.00	(0.29)	0.00	0.00	4.32	(3.69)	17.71
CSGP	1.40	0.15	0.08	0.08	1.65	(1.47)	3.29	(3.23)	8.99
IRS	2.44	(0.31)	0.00	(0.44)	0.00	0.00	4.49	(5.74)	13.79
JLL	1.78	0.01	0.00	(0.03)	0.00	0.00	3.55	(3.94)	11.74
CBRE	1.52	0.03	0.03	(0.21)	2.24	(1.50)	2.94	(4.16)	11.19
CWK	1.97	(0.42)	0.00	(0.29)	0.00	0.00	2.64	(4.90)	14.26

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