KINDER Correlations
| 494550AQ9 | 110.03 1.76 1.57% |
The current 90-days correlation between KINDER MORGAN ENERGY and AEP TEX INC is 0.1 (i.e., Average diversification). The correlation of KINDER 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.
KINDER Correlation With Market
Good diversification
The correlation between KINDER MORGAN ENERGY and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KINDER MORGAN ENERGY and DJI in the same portfolio, assuming nothing else is changed.
KINDER |
The ability to find closely correlated positions to KINDER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KINDER 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 KINDER - 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 KINDER MORGAN ENERGY to buy it.
Moving against KINDER Bond
| 0.83 | DMRC | Digimarc | PairCorr |
| 0.75 | FELG | Fidelity Covington Trust | PairCorr |
| 0.73 | JBBB | Janus Detroit Street | PairCorr |
| 0.72 | IDAT | Ishares Trust | PairCorr |
| 0.71 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.68 | PETS | PetMed Express | PairCorr |
| 0.64 | SMLR | Semler Scientific | PairCorr |
| 0.57 | PSQH | PSQ Holdings | PairCorr |
| 0.57 | IBLC | iShares Blockchain and | PairCorr |
| 0.56 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | RPG | Invesco SP 500 | PairCorr |
| 0.53 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.53 | CRAI | CRA International | PairCorr |
| 0.5 | WBA | Walgreens Boots Alliance | PairCorr |
| 0.49 | OBYCF | Obayashi | PairCorr |
| 0.48 | 784730AB9 | US784730AB94 | PairCorr |
| 0.45 | BSGM | BioSig Technologies, | PairCorr |
| 0.44 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.38 | ENFR | Alerian Energy Infra | PairCorr |
| 0.37 | KITTW | Nauticus Robotics | PairCorr |
| 0.77 | SOFR | SOFR Symbol Change | PairCorr |
| 0.76 | PSDSX | Palmer Square Ultra | PairCorr |
| 0.75 | PSHAX | Short Term Fund | PairCorr |
| 0.72 | QJUN | First Trust Exchange | PairCorr |
| 0.72 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.72 | HGOSX | Hartford Growth | PairCorr |
| 0.72 | HGOVX | Hartford Growth | PairCorr |
| 0.69 | SABA | Saba Capital Income Symbol Change | PairCorr |
| 0.68 | ARKQ | ARK Autonomous Technology | PairCorr |
| 0.68 | MBCZX | Massmutual Select Blue Potential Growth | PairCorr |
| 0.66 | AAPB | GraniteShares ETF Trust | PairCorr |
| 0.64 | LOUP | Innovator Loup Frontier | PairCorr |
| 0.63 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.61 | TRFK | Pacer Funds Trust | PairCorr |
| 0.57 | SFEPX | Guggenheim Styleplus Potential Growth | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between KINDER Bond performing well and KINDER 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 KINDER'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 | 0.13 | 0.05 | (0.49) | 1.90 | 5.71 | 13.40 | |||
| 90331HPL1 | 0.37 | (0.02) | 0.00 | (0.16) | 0.00 | 1.39 | 7.15 | |||
| BSIG | 1.36 | 0.04 | 0.03 | 0.05 | 1.70 | 2.98 | 11.14 | |||
| NBIX | 1.22 | 0.16 | 0.11 | 0.20 | 1.21 | 3.10 | 11.43 | |||
| PTOP | 12.55 | 2.14 | 0.06 | (6.50) | 12.95 | 50.00 | 83.33 | |||
| GOOGL | 1.30 | 0.25 | 0.13 | 0.45 | 1.49 | 3.60 | 9.18 | |||
| SAPMF | 0.62 | 0.12 | 0.00 | (0.78) | 0.00 | 3.31 | 10.52 | |||
| BMYMP | 1.61 | 0.51 | 0.09 | (3.13) | 1.57 | 7.23 | 22.13 | |||
| TRT | 2.55 | 0.24 | 0.07 | 1.17 | 2.68 | 5.68 | 17.89 | |||
| CSSV | 2.70 | 1.41 | 0.00 | (0.62) | 0.00 | 0.00 | 90.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in KINDER 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.Did you try this?
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