Klingelnberg Correlations

KLIN Stock

13.00 0.15 1.17%

The current 90-days correlation between Klingelnberg AG and Ascom Holding AG is -0.04 (i.e., Good diversification). The correlation of Klingelnberg 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.

Klingelnberg Correlation With Market

Significant diversification

The correlation between Klingelnberg AG and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Klingelnberg AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Klingelnberg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Klingelnberg 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 Klingelnberg - 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 Klingelnberg AG to buy it.

Moving together with Klingelnberg Stock

0.86	VACN	VAT Group AG Earnings Call This Week	Pair Corr
0.86	GF	Georg Fischer AG Earnings Call This Week	Pair Corr
0.76	BYS	Bystronic AG Earnings Call This Week	Pair Corr
0.83	KARN	Kardex	Pair Corr
0.86	EFGN	EFG International Earnings Call This Week	Pair Corr
0.73	ADEN	Adecco Group AG	Pair Corr
0.76	SWTQ	Schweiter Technologies Earnings Call This Week	Pair Corr
0.71	MOZN	mobilezone ag	Pair Corr
0.8	HELN	Helvetia Holding	Pair Corr
0.77	UBSG	UBS Group AG	Pair Corr
0.78	IMPN	Implenia AG	Pair Corr
0.69	CMBN	Cembra Money Bank Earnings Call This Week	Pair Corr
0.68	EMSN	EMS CHEMIE HOLDING	Pair Corr
0.82	ALSN	Also Holding AG Earnings Call This Week	Pair Corr
0.84	SLHN	Swiss Life Holding	Pair Corr
0.89	SWON	SoftwareONE Holding	Pair Corr
0.87	BEKN	Berner Kantonalbank	Pair Corr
0.92	BUCN	Bucher Industries	Pair Corr
0.83	BRKN	Burkhalter Holding	Pair Corr
0.69	BANB	Bachem Holding AG Earnings Call This Week	Pair Corr
0.7	CICN	Cicor Technologies Earnings Call This Week	Pair Corr
0.67	INRN	Interroll Holding	Pair Corr
0.68	SUN	Sulzer AG Earnings Call This Week	Pair Corr
0.69	MOBN	Mobimo Hldg	Pair Corr
0.88	ABBN	ABB	Pair Corr
0.69	OERL	OC Oerlikon Corp	Pair Corr
0.64	COTN	Comet Holding AG	Pair Corr
0.76	ADXN	Addex Therapeutics	Pair Corr

Related Correlations Analysis

	ASCN	IMPN	KOMN	MIKN	MOZN
ASCN		0.9	0.23	0.71	0.45	ASCN
IMPN	0.9		0.05	0.68	0.42	IMPN
KOMN	0.23	0.05		0.45	0.74	KOMN
MIKN	0.71	0.68	0.45		0.53	MIKN
MOZN	0.45	0.42	0.74	0.53		MOZN
	ASCN	IMPN	KOMN	MIKN	MOZN

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Risk-Adjusted Indicators

There is a big difference between Klingelnberg Stock performing well and Klingelnberg 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 Klingelnberg'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
ASCN	1.25	0.37	0.21	1.09	0.90	(1.46)	3.16	(2.04)	9.35
IMPN	1.51	0.39	0.13	10.51	1.77	(1.67)	3.07	(2.57)	12.33
KOMN	1.65	0.13	0.04	0.33	2.04	(1.82)	4.24	(2.54)	13.93
MIKN	1.48	0.25	0.11	0.79	1.21	(1.82)	3.72	(2.38)	11.84
MOZN	0.92	0.13	0.02	0.46	1.61	(0.93)	2.01	(1.88)	12.89

Be your own money manager

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

Elected by the shareholders, the Klingelnberg's board of directors comprises two types of representatives: Klingelnberg inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Klingelnberg. The board's role is to monitor Klingelnberg's management team and ensure that shareholders' interests are well served. Klingelnberg'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, Klingelnberg's outside directors are responsible for providing unbiased perspectives on the board's policies.

Philipp Kannengiesser	Chief Officer	Profile
Jan Klingelnberg	Chief Officer	Profile
Christoph Kster	Chief Officer	Profile
Prasad Kizhakel	Chief Officer	Profile

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