Korn Ferry Correlations
KFY Stock | USD 73.33 0.32 0.44% |
The current 90-days correlation between Korn Ferry and Kelly Services A is 0.7 (i.e., Poor diversification). The correlation of Korn Ferry 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.
Korn Ferry Correlation With Market
Poor diversification
The correlation between Korn Ferry and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korn Ferry and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Korn Stock
0.91 | HNI | HNI Corp | PairCorr |
0.71 | WEX | Wex Inc | PairCorr |
0.79 | HDSN | Hudson Technologies | PairCorr |
0.91 | HSII | Heidrick Struggles | PairCorr |
0.65 | ZONE | CleanCore Solutions | PairCorr |
0.62 | LNZA | LanzaTech Global | PairCorr |
0.76 | BBSI | Barrett Business Services | PairCorr |
0.71 | TOMZ | TOMI Environmental | PairCorr |
0.73 | CMPR | Cimpress NV | PairCorr |
0.75 | CSGS | CSG Systems International | PairCorr |
0.69 | CTAS | Cintas | PairCorr |
0.8 | J | Jacobs Solutions | PairCorr |
0.88 | R | Ryder System Earnings Call Today | PairCorr |
0.83 | AL | Air Lease | PairCorr |
0.75 | AP | Ampco Pittsburgh | PairCorr |
0.73 | AZ | A2Z Smart Technologies | PairCorr |
0.74 | BA | Boeing Aggressive Push | PairCorr |
0.78 | BE | Bloom Energy Corp Buyout Trend | PairCorr |
0.71 | BV | BrightView Holdings | PairCorr |
0.82 | BW | Babcock Wilcox Enter | PairCorr |
0.81 | BZ | Kanzhun Ltd ADR | PairCorr |
0.68 | CP | Canadian Pacific Railway | PairCorr |
Moving against Korn Stock
0.7 | CDTG | CDT Environmental | PairCorr |
0.61 | NL | NL Industries | PairCorr |
0.51 | WFCF | Where Food Comes | PairCorr |
0.48 | MG | Mistras Group | PairCorr |
Related Correlations Analysis
0.51 | 0.0 | 0.05 | 0.7 | HSII | ||
0.51 | 0.55 | 0.69 | 0.32 | KELYA | ||
0.0 | 0.55 | 0.88 | -0.27 | KFRC | ||
0.05 | 0.69 | 0.88 | -0.23 | MAN | ||
0.7 | 0.32 | -0.27 | -0.23 | BBSI | ||
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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 Korn Stock performing well and Korn Ferry 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 Korn Ferry'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HSII | 1.24 | 0.00 | (0.01) | 0.05 | 1.98 | 2.62 | 12.15 | |||
KELYA | 1.71 | (0.21) | 0.00 | (0.20) | 0.00 | 3.00 | 14.04 | |||
KFRC | 1.78 | (0.24) | 0.00 | (0.25) | 0.00 | 4.42 | 20.04 | |||
MAN | 2.46 | (0.51) | 0.00 | (0.30) | 0.00 | 6.74 | 27.59 | |||
BBSI | 1.05 | (0.01) | (0.01) | 0.04 | 1.55 | 2.69 | 8.73 |