KKR P Correlations
| KKR-P-D Stock | 53.62 0.02 0.04% |
The current 90-days correlation between KKR P D and SEI Investments is 0.03 (i.e., Significant diversification). The correlation of KKR P 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.
KKR P Correlation With Market
Good diversification
The correlation between KKR P D and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KKR P D and DJI in the same portfolio, assuming nothing else is changed.
KKR |
The ability to find closely correlated positions to KKR P could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KKR P 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 KKR P - 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 KKR P D to buy it.
Moving together with KKR Pink Sheet
| 0.79 | NVDA | NVIDIA | PairCorr |
| 0.82 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.84 | AMZN | Amazon Inc Sell-off Trend | PairCorr |
| 0.7 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.82 | META | Meta Platforms | PairCorr |
| 0.8 | AVGO | Broadcom | PairCorr |
| 0.95 | NAVI | Navient Corp | PairCorr |
| 0.81 | PANW | Palo Alto Networks | PairCorr |
| 0.75 | AVDL | Avadel Pharmaceuticals | PairCorr |
| 0.85 | SPHR | Sphere Entertainment | PairCorr |
| 0.73 | ORCL | Oracle Aggressive Push | PairCorr |
| 0.8 | EPR | EPR Properties | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between KKR Pink Sheet performing well and KKR P 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 KKR P'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEIC | 1.38 | 0.17 | 0.09 | 0.22 | 1.73 | 2.77 | 12.68 | |||
| WTSHF | 1.67 | 0.16 | 0.02 | (3.74) | 2.70 | 3.00 | 17.34 | |||
| APAM | 1.72 | 0.13 | 0.06 | 0.18 | 2.30 | 3.95 | 15.46 | |||
| PNNT | 1.49 | (0.08) | (0.03) | (0.01) | 2.57 | 2.39 | 13.40 | |||
| VRTS | 1.77 | 0.06 | 0.03 | 0.13 | 2.57 | 4.04 | 16.27 | |||
| GGDVF | 0.16 | 0.05 | 0.00 | (14.93) | 0.00 | 0.00 | 5.19 | |||
| SACH | 2.84 | 0.21 | 0.05 | 0.44 | 3.14 | 7.27 | 21.31 | |||
| AMP | 1.44 | 0.03 | 0.02 | 0.10 | 2.42 | 2.96 | 14.51 |
KKR P Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with KKR P pink sheet to make a market-neutral strategy. Peer analysis of KKR P could also be used in its relative valuation, which is a method of valuing KKR P by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |