KIMBALL ELECTRONICS Correlations

Stocks . Germany . 
Stock . KIMBALL ELECTRONICS
3C3 Stock  EUR 16.50  0.10  0.61%   
The current 90-days correlation between KIMBALL ELECTRONICS and SIEM OFFSHORE NEW is 0.05 (i.e., Significant diversification). The correlation of KIMBALL ELECTRONICS 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.

KIMBALL ELECTRONICS Correlation With Market

Significant diversification

The correlation between KIMBALL ELECTRONICS and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KIMBALL ELECTRONICS and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to KIMBALL ELECTRONICS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS - 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 KIMBALL ELECTRONICS to buy it.

Moving together with KIMBALL Stock

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Moving against KIMBALL Stock

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  0.75BRYN Berkshire HathawayPairCorr
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  0.84DBPD Xtrackers ShortDAXPairCorr

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   
63TA
+ 0.9
S5H0
63TA
+ 0.21
AC8
S5H0
+ 0.18
AC8
5ZM
+ 0.01
AC8
2NY2
+ 0.0
AC8
ML2
+ 0.0
AC8
  
High negative correlations   
ML2
- 1.0
2NY2
5ZM
- 0.21
S5H0
63TA
- 0.14
5ZM
63TA
- 0.0
ML2
ML2
- 0.0
5ZM
63TA
- 0.0
2NY2

Risk-Adjusted Indicators

There is a big difference between KIMBALL Stock performing well and KIMBALL ELECTRONICS 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 KIMBALL ELECTRONICS'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in KIMBALL ELECTRONICS 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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KIMBALL ELECTRONICS Corporate Management

Elected by the shareholders, the KIMBALL ELECTRONICS's board of directors comprises two types of representatives: KIMBALL ELECTRONICS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KIMBALL. The board's role is to monitor KIMBALL ELECTRONICS's management team and ensure that shareholders' interests are well served. KIMBALL ELECTRONICS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, KIMBALL ELECTRONICS's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gregory LampertIndependent DirectorProfile
Jessica DeLorenzoVice President - Human ResourcesProfile
Christopher ThyenVice President - New PlatformsProfile
Gregory ThaxtonIndependent DirectorProfile
Janusz KasprzykVice President - European OperationsProfile
Douglas HassAssociate General Counsel, Assistant SecretaryProfile
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