Kaspi Bank Correlations

Summary

KAKZFDelisted Stock

USD 81.40 0.00 0.00%

The current 90-days correlation between Kaspi Bank Joint and CCC Intelligent Solutions is -0.14 (i.e., Good diversification). The correlation of Kaspi Bank 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Kaspi Bank Correlation With Market

Good diversification

The correlation between Kaspi Bank Joint and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kaspi Bank Joint and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kaspi Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kaspi Bank 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 Kaspi Bank - 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 Kaspi Bank Joint to buy it.

Moving together with Kaspi Pink Sheet

0.75	ADYEY	Adyen NV	Pair Corr
0.73	ADYYF	Adyen NV	Pair Corr
0.61	SQ	Block Inc	Pair Corr
0.63	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	VRNT	CLBT	EVTC	CSGS	LSAK	GB	CLBTW	CCSI	CCCS	CFLT
VRNT		-0.71	0.05	-0.51	-0.59	-0.74	-0.82	-0.26	-0.51	-0.35	VRNT
CLBT	-0.71		0.21	0.73	0.61	0.66	0.66	0.57	0.75	0.53	CLBT
EVTC	0.05	0.21		0.45	-0.17	0.36	-0.14	0.51	0.33	-0.19	EVTC
CSGS	-0.51	0.73	0.45		0.36	0.47	0.51	0.48	0.72	0.34	CSGS
LSAK	-0.59	0.61	-0.17	0.36		0.35	0.68	0.1	0.35	0.66	LSAK
GB	-0.74	0.66	0.36	0.47	0.35		0.49	0.53	0.44	0.22	GB
CLBTW	-0.82	0.66	-0.14	0.51	0.68	0.49		-0.03	0.47	0.62	CLBTW
CCSI	-0.26	0.57	0.51	0.48	0.1	0.53	-0.03		0.44	0.1	CCSI
CCCS	-0.51	0.75	0.33	0.72	0.35	0.44	0.47	0.44		0.19	CCCS
CFLT	-0.35	0.53	-0.19	0.34	0.66	0.22	0.62	0.1	0.19		CFLT
	VRNT	CLBT	EVTC	CSGS	LSAK	GB	CLBTW	CCSI	CCCS	CFLT

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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

CCCS	+ 0.75	CLBT
CSGS	+ 0.73	CLBT
CCCS	+ 0.72	CSGS
CLBTW	+ 0.68	LSAK
GB	+ 0.66	CLBT
CLBTW	+ 0.66	CLBT

High negative correlations

CLBTW	- 0.82	VRNT
GB	- 0.74	VRNT
CLBT	- 0.71	VRNT
LSAK	- 0.59	VRNT
CCCS	- 0.51	VRNT
CSGS	- 0.51	VRNT

Risk-Adjusted Indicators

There is a big difference between Kaspi Pink Sheet performing well and Kaspi Bank 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 Kaspi Bank'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
VRNT	1.51	(0.76)	0.00	(0.34)	0.00	0.00	2.71	(3.87)	16.20
CLBT	1.68	0.49	0.39	0.46	0.81	(2.11)	4.01	(2.22)	12.92
EVTC	1.05	(0.14)	0.00	(0.04)	0.00	0.00	2.08	(2.66)	7.72
CSGS	1.11	0.05	0.07	0.16	0.96	(1.28)	2.64	(1.83)	11.06
LSAK	2.04	0.38	0.06	(0.46)	2.44	(2.27)	6.07	(4.21)	18.75
GB	2.67	0.29	0.05	0.92	3.69	(2.94)	5.02	(5.13)	23.79
CLBTW	3.78	1.25	0.20	(0.42)	3.62	(4.68)	9.83	(6.33)	25.66
CCSI	1.97	0.15	0.09	0.22	2.02	(2.24)	5.01	(3.47)	12.46
CCCS	0.99	0.01	0.00	0.14	1.05	(1.15)	1.82	(2.12)	5.99
CFLT	2.18	0.38	0.17	0.39	2.02	(2.39)	5.60	(3.31)	13.25

View Kaspi Bank Related Equities

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Risk & Return

Correlation

Kaspi Bank Corporate Management

Tengiz Mosidze	Deputy Board	Profile
Kanat Aitenov	Head Network	Profile
David Ferguson	Head Relations	Profile
Mamuka Kirvalidze	Head Expansion	Profile
Yuri Didenko	Deputy Board	Profile
Oleg Bakhmutov	Head Capital	Profile
Sabyrzhan Berkinbayev	Chief Officer	Profile

Still Interested in Kaspi Bank Joint?

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