WK Kellogg Correlations
KLG Stock | 18.53 0.19 1.04% |
The correlation of WK Kellogg 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WK Kellogg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WK Kellogg Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between WK Kellogg Co and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WK Kellogg Co and NYA in the same portfolio, assuming nothing else is changed.
KLG |
The ability to find closely correlated positions to WK Kellogg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WK Kellogg 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 WK Kellogg - 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 WK Kellogg Co to buy it.
Moving together with KLG Stock
0.61 | K | Kellanova Earnings Call This Week | PairCorr |
0.69 | BG | Bunge Limited | PairCorr |
0.88 | CAG | ConAgra Foods Financial Report 11th of July 2024 | PairCorr |
Moving against KLG Stock
0.74 | LW | Lamb Weston Holdings Financial Report 23rd of July 2024 | PairCorr |
0.68 | TR | Tootsie Roll Industries | PairCorr |
0.61 | FAMI | Farmmi Inc | PairCorr |
0.57 | FREEW | Whole Earth Brands | PairCorr |
0.51 | FARM | Farmer Bros Fiscal Year End 10th of September 2024 | PairCorr |
Related Correlations Analysis
0.57 | 0.9 | 0.9 | 0.57 | 0.69 | 0.71 | NWE | ||
0.57 | 0.66 | 0.65 | 0.63 | 0.65 | 0.33 | LRFC | ||
0.9 | 0.66 | 0.93 | 0.68 | 0.72 | 0.68 | BK | ||
0.9 | 0.65 | 0.93 | 0.63 | 0.72 | 0.61 | AM | ||
0.57 | 0.63 | 0.68 | 0.63 | 0.51 | 0.41 | RAND | ||
0.69 | 0.65 | 0.72 | 0.72 | 0.51 | 0.5 | ENIC | ||
0.71 | 0.33 | 0.68 | 0.61 | 0.41 | 0.5 | MSEX | ||
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Risk-Adjusted Indicators
There is a big difference between KLG Stock performing well and WK Kellogg 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 WK Kellogg'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NWE | 0.76 | 0.09 | 0.09 | 0.11 | 0.89 | 1.88 | 6.20 | |||
LRFC | 0.54 | 0.04 | 0.02 | 0.82 | 0.70 | 1.18 | 4.04 | |||
BK | 0.77 | 0.08 | 0.07 | 0.09 | 0.95 | 1.64 | 4.67 | |||
AM | 0.78 | 0.12 | 0.11 | 0.16 | 0.87 | 1.97 | 4.83 | |||
RAND | 1.61 | 0.38 | 0.22 | 0.64 | 1.33 | 3.28 | 14.73 | |||
ENIC | 1.73 | 0.14 | 0.05 | 0.13 | 2.56 | 3.61 | 16.57 | |||
MSEX | 1.56 | 0.07 | 0.03 | 0.06 | 2.05 | 3.89 | 9.69 |
WK Kellogg Corporate Management
Bruce Brown | Chief Officer | Profile | |
Sarah Ludmer | Chief Officer | Profile | |
David McKinstray | Chief Officer | Profile | |
Sherry BriceWilliamson | Chief Officer | Profile | |
Mike Christensen | Chief Officer | Profile | |
Bill Rex | Chief Officer | Profile |
Complementary Tools for KLG Stock analysis
When running WK Kellogg's price analysis, check to measure WK Kellogg's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WK Kellogg is operating at the current time. Most of WK Kellogg's value examination focuses on studying past and present price action to predict the probability of WK Kellogg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WK Kellogg's price. Additionally, you may evaluate how the addition of WK Kellogg to your portfolios can decrease your overall portfolio volatility.
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