Kinaxis Correlations

KXSCF Stock

USD 109.20 1.21 1.10%

The current 90-days correlation between Kinaxis and Enghouse Systems Limited is -0.06 (i.e., Good diversification). The correlation of Kinaxis 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.

Kinaxis Correlation With Market

Modest diversification

The correlation between Kinaxis and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinaxis and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kinaxis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kinaxis 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 Kinaxis - 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 Kinaxis to buy it.

Moving against Kinaxis Pink Sheet

0.72	VZ	Verizon Communications	Pair Corr
0.71	T	ATT Inc	Pair Corr
0.69	KO	Coca Cola	Pair Corr
0.64	MCD	McDonalds	Pair Corr
0.59	TRV	The Travelers Companies	Pair Corr
0.58	EC	Ecopetrol SA ADR	Pair Corr
0.56	CSCO	Cisco Systems	Pair Corr
0.53	CVX	Chevron Corp	Pair Corr
0.52	LH	Laboratory	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.49	PTLKF	PT Lippo Karawaci	Pair Corr
0.48	DD	Dupont De Nemours	Pair Corr
0.48	XOM	Exxon Mobil Corp	Pair Corr
0.47	CYBQF	CYBERDYNE	Pair Corr
0.45	GE	GE Aerospace	Pair Corr
0.44	PKX	POSCO Holdings	Pair Corr

Related Correlations Analysis

	WTCHF	SGPYY	EGHSF	XROLF	ALMFF	TMSNY	ROWKF	DPSIP	FMEGF	OONEF
WTCHF		0.23	0.26	-0.39	0.0	-0.1	-0.03	0.0	0.0	0.25	WTCHF
SGPYY	0.23		0.46	0.15	0.0	0.36	-0.28	0.0	0.0	-0.33	SGPYY
EGHSF	0.26	0.46		-0.07	0.0	-0.4	-0.72	0.0	0.0	-0.53	EGHSF
XROLF	-0.39	0.15	-0.07		0.0	0.27	-0.06	0.0	0.0	-0.24	XROLF
ALMFF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ALMFF
TMSNY	-0.1	0.36	-0.4	0.27	0.0		0.55	0.0	0.0	0.2	TMSNY
ROWKF	-0.03	-0.28	-0.72	-0.06	0.0	0.55		0.0	0.0	0.78	ROWKF
DPSIP	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	DPSIP
FMEGF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FMEGF
OONEF	0.25	-0.33	-0.53	-0.24	0.0	0.2	0.78	0.0	0.0		OONEF
	WTCHF	SGPYY	EGHSF	XROLF	ALMFF	TMSNY	ROWKF	DPSIP	FMEGF	OONEF

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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

OONEF	+ 0.78	ROWKF
ROWKF	+ 0.55	TMSNY
EGHSF	+ 0.46	SGPYY
TMSNY	+ 0.36	SGPYY
TMSNY	+ 0.27	XROLF
EGHSF	+ 0.26	WTCHF

High negative correlations

ROWKF	- 0.72	EGHSF
OONEF	- 0.53	EGHSF
TMSNY	- 0.4	EGHSF
XROLF	- 0.39	WTCHF
OONEF	- 0.33	SGPYY
ROWKF	- 0.28	SGPYY

Risk-Adjusted Indicators

There is a big difference between Kinaxis Pink Sheet performing well and Kinaxis 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 Kinaxis' 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
WTCHF	1.09	(0.52)	0.00	(18.09)	0.00	0.00	0.00	(2.65)	20.89
SGPYY	0.80	(0.01)	0.00	(0.15)	0.00	0.00	1.80	(1.93)	6.16
EGHSF	1.34	(0.19)	0.00	(0.68)	0.00	0.00	2.89	(3.43)	15.30
XROLF	1.07	0.03	0.00	(0.07)	0.00	0.00	3.67	(2.19)	22.55
ALMFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TMSNY	1.42	0.40	0.24	0.50	1.65	(1.66)	3.82	(2.50)	13.39
ROWKF	0.70	0.24	0.00	(0.99)	0.00	0.00	0.00	0.00	17.50
DPSIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMEGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OONEF	11.57	2.64	0.22	(0.94)	11.82	(16.23)	34.48	(22.58)	97.45

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Our tools can tell you how much better you can do entering a position in Kinaxis 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.

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