Kestrel Group, Correlations

KG Stock

12.61 0.43 3.30%

The current 90-days correlation between Kestrel Group, and Kingstone Companies is 0.29 (i.e., Modest diversification). The correlation of Kestrel Group, 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.

Kestrel Group, Correlation With Market

Modest diversification

The correlation between Kestrel Group, and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kestrel Group, and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kestrel Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kestrel Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more detail on how to invest in Kestrel Stock please use our How to Invest in Kestrel Group, guide.

Moving together with Kestrel Stock

0.64	CRDL	Cardiol Therapeutics	Pair Corr
0.8	WEED	Canopy Growth Corp	Pair Corr
0.61	HCM	HUTCHMED China	Pair Corr
0.69	688321	Shenzhen Chipscreen	Pair Corr
0.7	600521	Zhejiang Huahai Phar	Pair Corr
0.73	603676	Tibet Weixinkang Medicine	Pair Corr
0.64	600381	Qinghai Spring Medicinal	Pair Corr
0.72	300181	Zhejiang Jolly Pharm	Pair Corr
0.68	002262	Jiangsu Nhwa Pharmac	Pair Corr
0.9	600129	Chongqing Taiji Industry	Pair Corr
0.81	002287	Tibet Cheezheng Tibetan	Pair Corr
0.75	300725	PharmaBlock Sciences	Pair Corr
0.86	ELTX	Elicio Therapeutics	Pair Corr
0.86	TSND	TerrAscend Corp	Pair Corr
0.71	ETON	Eton Pharmaceuticals	Pair Corr
0.71	ACB	Aurora Cannabis	Pair Corr

Moving against Kestrel Stock

0.95	300086	Hainan Honz Pharmace	Pair Corr
0.93	600080	Ginwa Enterprise	Pair Corr
0.89	VTYX	Ventyx Biosciences	Pair Corr
0.77	VTRS	Viatris Aggressive Push	Pair Corr
0.77	300255	Hebei Changshan Biochem	Pair Corr
0.7	ELAN	Elanco Animal Health	Pair Corr
0.6	300110	Huaren Pharmaceutical	Pair Corr
0.49	PFE	Pfizer Inc CDR	Pair Corr
0.41	VRCA	Verrica Pharmaceuticals	Pair Corr
0.4	ELVN	Enliven Therapeutics	Pair Corr
0.36	EOLS	Evolus Inc	Pair Corr
0.33	TLRY	Tilray Inc Split	Pair Corr
0.95	LLY	Eli Lilly	Pair Corr
0.91	EVOK	Evoke Pharma	Pair Corr
0.87	301201	ChengDa Pharmaceuticals	Pair Corr
0.87	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.86	MRK	Merck Company	Pair Corr
0.85	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.83	AZN	AstraZeneca PLC ADR	Pair Corr
0.76	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr

Related Correlations Analysis

	YB	KINS	SNFCA	OPBK	INBK	SWKH	HWBK	EFSI	STEX	FRAF
YB		-0.44	0.09	0.43	0.27	-0.14	-0.11	0.02	0.21	-0.19	YB
KINS	-0.44		-0.24	-0.56	-0.59	0.63	0.06	-0.08	-0.31	0.16	KINS
SNFCA	0.09	-0.24		0.81	0.69	-0.51	0.45	0.85	0.51	0.42	SNFCA
OPBK	0.43	-0.56	0.81		0.84	-0.71	0.19	0.7	0.52	0.12	OPBK
INBK	0.27	-0.59	0.69	0.84		-0.79	-0.09	0.6	0.67	-0.15	INBK
SWKH	-0.14	0.63	-0.51	-0.71	-0.79		0.27	-0.42	-0.63	0.33	SWKH
HWBK	-0.11	0.06	0.45	0.19	-0.09	0.27		0.32	-0.3	0.94	HWBK
EFSI	0.02	-0.08	0.85	0.7	0.6	-0.42	0.32		0.49	0.35	EFSI
STEX	0.21	-0.31	0.51	0.52	0.67	-0.63	-0.3	0.49		-0.36	STEX
FRAF	-0.19	0.16	0.42	0.12	-0.15	0.33	0.94	0.35	-0.36		FRAF
	YB	KINS	SNFCA	OPBK	INBK	SWKH	HWBK	EFSI	STEX	FRAF

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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

FRAF	+ 0.94	HWBK
EFSI	+ 0.85	SNFCA
INBK	+ 0.84	OPBK
OPBK	+ 0.81	SNFCA
EFSI	+ 0.7	OPBK
INBK	+ 0.69	SNFCA

High negative correlations

SWKH	- 0.79	INBK
SWKH	- 0.71	OPBK
STEX	- 0.63	SWKH
INBK	- 0.59	KINS
OPBK	- 0.56	KINS
SWKH	- 0.51	SNFCA

Risk-Adjusted Indicators

There is a big difference between Kestrel Stock performing well and Kestrel Group, 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 Kestrel Group,'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
YB	3.09	(0.11)	(0.01)	0.01	3.95	(3.13)	7.34	(7.10)	18.94
KINS	1.57	(0.02)	(0.01)	0.05	1.93	(1.63)	2.94	(2.56)	10.74
SNFCA	1.44	(0.05)	(0.02)	0.03	1.75	(1.57)	3.52	(2.78)	8.85
OPBK	1.11	(0.13)	0.00	(0.03)	0.00	0.00	2.54	(2.26)	6.93
INBK	1.98	(0.36)	0.00	(0.54)	0.00	0.00	3.83	(4.38)	15.47
SWKH	1.13	0.25	0.14	(0.43)	0.83	(1.71)	2.14	(1.57)	19.13
HWBK	1.26	0.09	0.03	0.25	1.66	(1.33)	2.86	(2.25)	10.02
EFSI	1.04	0.00	0.00	0.06	1.23	(1.30)	2.41	(2.36)	10.53
STEX	5.61	(0.08)	0.02	0.05	5.98	(6.16)	12.13	(9.24)	47.08
FRAF	0.93	0.14	0.10	0.22	1.09	(1.08)	2.80	(1.76)	6.59

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