Kayne Anderson Correlations

KYN Stock

USD 12.81 0.03 0.23%

The current 90-days correlation between Kayne Anderson MLP and Cohen And Steers is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kayne Anderson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kayne Anderson MLP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kayne Anderson Correlation With Market

Good diversification

The correlation between Kayne Anderson MLP and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kayne Anderson MLP 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 Kayne Anderson MLP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Kayne Stock

0.7	ARES-PB	Ares Management Corp	Pair Corr
0.62	C	Citigroup Aggressive Push	Pair Corr
0.64	BN	Brookfield Corp	Pair Corr
0.65	BX	Blackstone Group Normal Trading	Pair Corr
0.71	CG	Carlyle Group Normal Trading	Pair Corr

Moving against Kayne Stock

0.33	GECCO	Great Elm Capital	Pair Corr
0.46	CB	Chubb	Pair Corr

Related Correlations Analysis

	TYG	KMF	FEN	UTF	CEM
TYG		0.0	0.0	0.14	0.0	TYG
KMF	0.0		0.0	0.0	0.0	KMF
FEN	0.0	0.0		0.0	0.0	FEN
UTF	0.14	0.0	0.0		0.0	UTF
CEM	0.0	0.0	0.0	0.0		CEM
	TYG	KMF	FEN	UTF	CEM

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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

UTF	+ 0.14	TYG
KMF	+ 0.0	TYG
FEN	+ 0.0	TYG
CEM	+ 0.0	TYG
FEN	+ 0.0	KMF
UTF	+ 0.0	KMF

High negative correlations

CEM	- 0.0	UTF
CEM	- 0.0	FEN
UTF	- 0.0	FEN
CEM	- 0.0	KMF
UTF	- 0.0	KMF
FEN	- 0.0	KMF

Risk-Adjusted Indicators

There is a big difference between Kayne Stock performing well and Kayne Anderson 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 Kayne Anderson'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
TYG	1.20	0.14	0.09	0.16	1.68	(1.20)	2.73	(2.38)	9.86
KMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UTF	0.63	0.14	0.28	0.38	0.48	(0.78)	1.61	(0.96)	3.59
CEM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Kayne Anderson Corporate Management

Barry Pearl	Independent Director	Profile
Ellen Wilkirson	Vice President	Profile
William Thacker	Independent Director	Profile
Michael Levitt	Director	Profile
J Frey	Executive Vice President	Profile

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