KIMCO Correlations

49446RAP4

96.63 0.03 0.03%

The current 90-days correlation between KIMCO RLTY P and AEP TEX INC is -0.04 (i.e., Good diversification). The correlation of KIMCO 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.

KIMCO Correlation With Market

Modest diversification

The correlation between KIMCO RLTY P and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KIMCO RLTY P and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against KIMCO Bond

0.54	NBIX	Neurocrine Biosciences	Pair Corr
0.51	MMV	MultiMetaVerse Holdings Buyout Trend	Pair Corr
0.51	DMRC	Digimarc	Pair Corr
0.49	EVGR	Evergreen Corp	Pair Corr
0.47	AS	Amer Sports,	Pair Corr
0.42	ARKQ	ARK Autonomous Technology	Pair Corr
0.38	RELY	Remitly Global	Pair Corr
0.36	FNMFO	Federal National Mortgage	Pair Corr
0.36	BTC	Grayscale Bitcoin Mini	Pair Corr
0.36	JANW	AIM ETF Products	Pair Corr
0.33	IYW	iShares Technology ETF	Pair Corr
0.32	CNOBP	ConnectOne Bancorp	Pair Corr
0.44	AAA	Listed Funds Trust	Pair Corr
0.44	PSDSX	Palmer Square Ultra	Pair Corr
0.44	PSHAX	Short Term Fund	Pair Corr
0.41	FELG	Fidelity Covington Trust	Pair Corr
0.38	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.36	BTEEX	Baron Select Funds	Pair Corr
0.33	XLY	Consumer Discretionary	Pair Corr
0.32	SPCZ	Listed Funds Trust	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	NTRA	M	784730AB9	CIADY	LIEN	BMY	RCMT	KKR
00108WAF7		0.01	0.0	-0.06	0.07	0.13	-0.23	-0.02	-0.09	-0.03	00108WAF7
90331HPL1	0.01		-0.28	-0.33	-0.22	-0.11	0.05	0.0	-0.01	-0.06	90331HPL1
NTRA	0.0	-0.28		0.56	0.58	0.0	0.29	0.81	0.55	0.84	NTRA
M	-0.06	-0.33	0.56		0.41	0.06	0.34	0.44	0.44	0.53	M
784730AB9	0.07	-0.22	0.58	0.41		0.04	0.36	0.54	0.41	0.54	784730AB9
CIADY	0.13	-0.11	0.0	0.06	0.04		-0.17	0.14	-0.02	-0.07	CIADY
LIEN	-0.23	0.05	0.29	0.34	0.36	-0.17		0.55	0.55	0.52	LIEN
BMY	-0.02	0.0	0.81	0.44	0.54	0.14	0.55		0.78	0.87	BMY
RCMT	-0.09	-0.01	0.55	0.44	0.41	-0.02	0.55	0.78		0.79	RCMT
KKR	-0.03	-0.06	0.84	0.53	0.54	-0.07	0.52	0.87	0.79		KKR
	00108WAF7	90331HPL1	NTRA	M	784730AB9	CIADY	LIEN	BMY	RCMT	KKR

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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

KKR	+ 0.87	BMY
KKR	+ 0.84	NTRA
BMY	+ 0.81	NTRA
KKR	+ 0.79	RCMT
RCMT	+ 0.78	BMY
784730AB9	+ 0.58	NTRA

High negative correlations

M	- 0.33	90331HPL1
NTRA	- 0.28	90331HPL1
LIEN	- 0.23	00108WAF7
784730AB9	- 0.22	90331HPL1
LIEN	- 0.17	CIADY
CIADY	- 0.11	90331HPL1

Risk-Adjusted Indicators

There is a big difference between KIMCO Bond performing well and KIMCO Corporate Bond 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 KIMCO'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
00108WAF7	1.45	0.12	0.05	(0.94)	1.90	(1.57)	5.71	(2.57)	13.40
90331HPL1	0.37	(0.02)	0.00	0.13	0.00	0.00	1.39	(1.70)	7.15
NTRA	2.24	0.42	0.14	(1.95)	2.44	(2.44)	3.57	(3.67)	26.87
M	1.66	0.12	0.05	0.90	1.79	(2.08)	4.01	(2.75)	13.44
784730AB9	1.45	0.36	0.09	0.72	2.84	(1.66)	1.32	(1.34)	42.53
CIADY	3.73	0.55	0.11	5.54	4.23	(4.24)	10.52	(6.20)	33.77
LIEN	1.00	0.14	0.09	(1.83)	1.01	(1.28)	3.29	(1.76)	9.64
BMY	1.33	0.27	0.16	(0.68)	1.25	(1.51)	2.52	(2.09)	14.39
RCMT	1.59	0.14	0.05	0.37	2.18	(1.80)	3.43	(3.34)	12.78
KKR	1.38	0.17	0.09	2.81	1.47	(1.69)	3.42	(2.38)	15.02

Be your own money manager

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