Kirby Correlations

Stocks . USA . 
Stock . Kirby
KEX Stock  USD 115.84  0.08  0.07%   
The current 90-days correlation between Kirby and Matson Inc is 0.59 (i.e., Very weak diversification). The correlation of Kirby 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kirby Correlation With Market

Poor diversification

The correlation between Kirby and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kirby and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Kirby Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kirby. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Kirby Stock please use our How to Invest in Kirby guide.

Moving together with Kirby Stock

  0.89SB Safe Bulkers Earnings Call This WeekPairCorr
  0.83SB-PC Safe BulkersPairCorr
  0.75SB-PD Safe BulkersPairCorr
  0.91EHLD Euroholdings Symbol ChangePairCorr
  0.94ESEA EuroseasPairCorr
  0.75ASC Ardmore ShpngPairCorr
  0.94DAC DanaosPairCorr
  0.66DSX Diana ShippingPairCorr
  0.72GNK Genco Shipping TradingPairCorr
  0.96GSL Global Ship LeasePairCorr
  0.85NAT Nordic American TankersPairCorr
  0.87NMM Navios Maritime Partners Earnings Call This WeekPairCorr
  0.92SFL SFL CorporationPairCorr
  0.84GASS StealthGasPairCorr
  0.74ZIM ZIM Integrated ShippingPairCorr
  0.88HAFN Hafnia LimitedPairCorr
  0.91HSHP Himalaya Shipping Symbol ChangePairCorr
  0.72CMRE-PC CostamarePairCorr
  0.82DSX-PB Diana ShippingPairCorr
  0.72MATX Matson IncPairCorr
  0.66GSL-PB Global Ship LeasePairCorr
  0.86PANL Pangaea LogisticPairCorr
  0.81PSHG Performance ShippingPairCorr
  0.95SBLK Star Bulk CarriersPairCorr

Moving against Kirby Stock

  0.87HMR Heidmar Maritime HoldingsPairCorr
  0.78UFG Uni Fuels HoldingsPairCorr
  0.75HTCO Caravelle International Symbol ChangePairCorr
  0.61NCT Intercont LimitedPairCorr
  0.32PXS Pyxis TankersPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY