| FSK Stock | | | USD 20.14 0.10 0.49% |
The current 90-days correlation between FS KKR Capital and Visa Class A is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FS KKR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FS KKR Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
FS KKR Correlation With Market
Poor diversification
The correlation between FS KKR Capital and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FS KKR Capital and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FS KKR Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
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 |
Risk-Adjusted IndicatorsThere is a big difference between FSK Stock performing well and FS KKR 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 FS KKR'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.