Kimball Electronics Correlations
| KE Stock | USD 20.96 0.12 0.57% |
The correlation of Kimball Electronics 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 Kimball Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kimball Electronics 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.
Weak diversification
The correlation between Kimball Electronics and NYA is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kimball Electronics and NYA in the same portfolio, assuming nothing else is changed.
Kimball |
The ability to find closely correlated positions to Kimball Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kimball Electronics 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 Kimball Electronics - 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 Kimball Electronics to buy it.
Moving together with Kimball Stock
| 0.77 | KN | Knowles Cor Earnings Call This Week | PairCorr |
| 0.72 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.67 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
| 0.66 | AAPL | Apple Inc Earnings Call Next Week | PairCorr |
| 0.69 | ADTN | ADTRAN Inc Financial Report 13th of May 2024 | PairCorr |
| 0.61 | CMTL | Comtech Telecommunicatio Buyout Trend | PairCorr |
| 0.64 | COMM | CommScope Holding Buyout Trend | PairCorr |
| 0.62 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Kimball Stock
| 0.62 | CDW | CDW Corp Earnings Call This Week | PairCorr |
| 0.62 | AVNW | Aviat Networks Earnings Call This Week | PairCorr |
| 0.46 | ITRN | Ituran Location | PairCorr |
| 0.64 | GDDY | Godaddy Earnings Call Next Week | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Kimball Stock performing well and Kimball Electronics 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 Kimball Electronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HAYW | 1.76 | (0.01) | 0.04 | 0.08 | 1.89 | 3.53 | 17.37 | |||
| HOLI | 0.53 | (0.11) | 0.00 | (0.28) | 0.00 | 0.99 | 3.99 | |||
| ENS | 1.04 | (0.21) | 0.00 | (0.08) | 0.00 | 1.63 | 9.33 | |||
| ESP | 1.48 | 0.15 | 0.06 | 0.42 | 1.47 | 3.99 | 11.69 | |||
| HUBB | 1.17 | 0.22 | 0.14 | 0.49 | 1.04 | 2.66 | 6.32 | |||
| NVT | 1.18 | 0.21 | 0.19 | 0.23 | 1.06 | 3.41 | 8.03 | |||
| POWL | 3.57 | 1.10 | 0.30 | (1.77) | 2.91 | 5.96 | 55.37 |
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Our tools can tell you how much better you can do entering a position in Kimball Electronics 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.Did you try this?
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Kimball Electronics Corporate Directors
Kimball Electronics corporate directors refer to members of a Kimball Electronics board of directors. The board of directors generally takes responsibility for the Kimball Electronics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Kimball Electronics' board members must vote for the resolution. The Kimball Electronics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gregory Lampert | Independent Director | Profile | |
| Thomas Tischhauser | Director | Profile | |
| Gregory Thaxton | Independent Director | Profile | |
| Geoffrey Stringer | Director | Profile |
Already Invested in Kimball Electronics?
The danger of trading Kimball Electronics is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Kimball Electronics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Kimball Electronics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kimball Electronics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Kimball Electronics is a strong investment it is important to analyze Kimball Electronics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Kimball Electronics' future performance. For an informed investment choice regarding Kimball Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimball Electronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Kimball Stock refer to our How to Trade Kimball Stock guide.Note that the Kimball Electronics information on this page should be used as a complementary analysis to other Kimball Electronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Kimball Stock analysis
When running Kimball Electronics' price analysis, check to measure Kimball Electronics' 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 Kimball Electronics is operating at the current time. Most of Kimball Electronics' value examination focuses on studying past and present price action to predict the probability of Kimball Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kimball Electronics' price. Additionally, you may evaluate how the addition of Kimball Electronics to your portfolios can decrease your overall portfolio volatility.
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Is Kimball Electronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kimball Electronics. If investors know Kimball will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kimball Electronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.906 | Earnings Share 2.16 | Revenue Per Share 73.575 | Quarterly Revenue Growth 0.15 | Return On Assets 0.049 |
The market value of Kimball Electronics is measured differently than its book value, which is the value of Kimball that is recorded on the company's balance sheet. Investors also form their own opinion of Kimball Electronics' value that differs from its market value or its book value, called intrinsic value, which is Kimball Electronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kimball Electronics' market value can be influenced by many factors that don't directly affect Kimball Electronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kimball Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kimball Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kimball Electronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.