Korian Correlations
| KO2 Stock | EUR 1.65 0.07 4.43% |
The correlation of Korian 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 Korian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korian 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.
Significant diversification
The correlation between Korian and NYA is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korian and NYA in the same portfolio, assuming nothing else is changed.
Korian |
The ability to find closely correlated positions to Korian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korian 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 Korian - 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 Korian to buy it.
Moving together with Korian Stock
| 0.86 | RH7 | Ryman Healthcare | PairCorr |
| 0.78 | N9B | BANDAI NAMCO Holdings | PairCorr |
| 0.77 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Korian Stock
| 0.78 | NVE | NVR Inc | PairCorr |
| 0.77 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.73 | 636 | Sienna Senior Living | PairCorr |
| 0.72 | EGB | Ensign Group | PairCorr |
| 0.71 | BRH | Berkshire Hathaway | PairCorr |
| 0.67 | IDO1 | PT Indosat Tbk | PairCorr |
| 0.6 | 0JM | PT Jasa Marga | PairCorr |
Related Correlations Analysis
| -0.66 | -0.72 | 0.59 | -0.43 | EGB | ||
| -0.66 | 0.86 | -0.86 | 0.55 | RH7 | ||
| -0.72 | 0.86 | -0.73 | 0.48 | KO2 | ||
| 0.59 | -0.86 | -0.73 | -0.61 | 636 | ||
| -0.43 | 0.55 | 0.48 | -0.61 | OPA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Korian Stock performing well and Korian 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 Korian'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EGB | 1.16 | 0.07 | (0.03) | (0.19) | 1.12 | 2.75 | 8.20 | |||
| RH7 | 2.02 | (0.51) | 0.00 | (0.87) | 0.00 | 3.38 | 11.00 | |||
| KO2 | 4.13 | (0.28) | 0.00 | (0.71) | 0.00 | 9.52 | 29.13 | |||
| 636 | 1.97 | 0.14 | 0.02 | 2.53 | 2.19 | 4.85 | 12.03 | |||
| OPA | 7.22 | 0.54 | 0.03 | (0.50) | 9.12 | 20.55 | 53.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Korian 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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Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Korian Corporate Management
Elected by the shareholders, the Korian's board of directors comprises two types of representatives: Korian inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Korian. The board's role is to monitor Korian's management team and ensure that shareholders' interests are well served. Korian'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, Korian's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marion Cardon | Group Officer | Profile | |
| Philippe Garin | Chief Officer | Profile | |
| Philippe Lonn | Chief Officer | Profile | |
| CharlesAntoine Pinel | Chief Devel | Profile | |
| Bart Bots | Group Officer | Profile | |
| Rmi Boyer | Group Officer | Profile | |
| Nicolas Merigot | Ex France | Profile |
Already Invested in Korian?
The danger of trading Korian 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 Korian 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 Korian. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Korian 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Korian. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Korian Stock analysis
When running Korian's price analysis, check to measure Korian'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 Korian is operating at the current time. Most of Korian's value examination focuses on studying past and present price action to predict the probability of Korian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Korian's price. Additionally, you may evaluate how the addition of Korian to your portfolios can decrease your overall portfolio volatility.
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