Credit Enhanced Correlations

KTN Stock  USD 26.07  0.03  0.11%   
The current 90-days correlation between Credit Enhanced Corts and Structured Products Corp is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Credit Enhanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credit Enhanced Corts moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Credit Enhanced Correlation With Market

Average diversification

The correlation between Credit Enhanced Corts and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credit Enhanced Corts and DJI in the same portfolio, assuming nothing else is changed.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Credit Enhanced Corts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Credit Stock

  0.62MGR Affiliated ManagersPairCorr
  0.73GEGGL Great Elm GroupPairCorr
  0.68MFI mF International Downward RallyPairCorr
  0.77OXSQG Oxford Square CapitalPairCorr
  0.78AFGE American FinancialPairCorr
  0.65AIZN AssurantPairCorr
  0.65SREA DBA Sempra 5750PairCorr
  0.81STNE StoneCoPairCorr

Moving against Credit Stock

  0.37ILLR Triller Group Symbol ChangePairCorr
  0.78RELY Remitly GlobalPairCorr
  0.63MSPR MSP Recovery Symbol ChangePairCorr
  0.54STEC Santech HoldingsPairCorr
  0.45AGMH AGM Group HoldingsPairCorr
  0.41HSPOR Horizon Space AcquisitionPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

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