Kesko Oyj Related Correlations

KESKOB Stock

EUR 16.89 0.35 2.12%

Generate correlation matrix for Kesko Oyj and other related equities to check the degree to which Kesko Oyj price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Kesko Oyj. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kesko Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

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Please note, there is a significant difference between Kesko Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kesko Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kesko Oyj's 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.

Correlations

	SAMPO	UPM	VALMT	ELISA	FORTUM
SAMPO		-0.69	-0.62	-0.31	-0.76	SAMPO
UPM	-0.69		0.37	0.59	0.75	UPM
VALMT	-0.62	0.37		0.0	0.63	VALMT
ELISA	-0.31	0.59	0.0		0.3	ELISA
FORTUM	-0.76	0.75	0.63	0.3		FORTUM
	SAMPO	UPM	VALMT	ELISA	FORTUM

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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

FORTUM	+ 0.75	UPM
FORTUM	+ 0.63	VALMT
ELISA	+ 0.59	UPM
VALMT	+ 0.37	UPM
FORTUM	+ 0.3	ELISA
ELISA	+ 0.0	VALMT

High negative correlations

FORTUM	- 0.76	SAMPO
UPM	- 0.69	SAMPO
VALMT	- 0.62	SAMPO
ELISA	- 0.31	SAMPO
ELISA	- 0.0	VALMT

Risk-Adjusted Indicators

There is a big difference between Kesko Stock performing well and Kesko Oyj 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 Kesko Oyj'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
SAMPO	0.61	0.03	(0.04)	0.36	0.77	(0.66)	1.31	(0.96)	4.89
UPM	1.25	(0.01)	0.00	0.10	0.00	0.00	2.99	(2.36)	11.96
VALMT	1.15	0.03	(0.01)	0.15	1.66	(1.03)	2.23	(2.66)	8.45
ELISA	0.89	0.01	(0.05)	0.16	1.36	(0.89)	1.95	(2.29)	7.15
FORTUM	1.29	0.07	0.00	3.29	1.59	(1.36)	2.44	(2.49)	7.40

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Kesko Oyj Related Correlations

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