Kforce Correlations
| KFRC Stock | USD 43.14 0.17 0.40% |
The current 90-days correlation between Kforce Inc and Barrett Business Services is 0.46 (i.e., Very weak diversification). The correlation of Kforce 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.
Kforce Correlation With Market
Very weak diversification
The correlation between Kforce Inc and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kforce Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving against Kforce Stock
| 0.7 | GFL | Gfl Environmental | PairCorr |
| 0.54 | VCIG | VCI Global Limited | PairCorr |
| 0.46 | WM | Waste Management Earnings Call This Week | PairCorr |
| 0.42 | KBR | KBR Inc Earnings Call This Week | PairCorr |
| 0.34 | NL | NL Industries | PairCorr |
| 0.47 | EVGOW | EVgo Equity Warrants | PairCorr |
| 0.43 | EH | Ehang Holdings | 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 Kforce Stock performing well and Kforce 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 Kforce'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASGN | 1.84 | (0.45) | 0.00 | (0.22) | 0.00 | 3.49 | 13.51 | |||
| BBSI | 0.91 | 0.00 | (0.01) | 0.15 | 1.27 | 2.48 | 5.41 | |||
| HSII | 1.13 | 0.04 | 0.02 | 0.19 | 1.52 | 2.62 | 8.28 | |||
| HSON | 1.66 | (0.17) | 0.00 | (0.29) | 0.00 | 2.92 | 21.03 | |||
| KELYA | 1.52 | (0.04) | 0.00 | 0.12 | 1.79 | 3.00 | 14.04 | |||
| KFY | 1.22 | 0.08 | 0.07 | 0.22 | 1.24 | 2.97 | 9.17 | |||
| MAN | 2.31 | (0.48) | 0.00 | (0.05) | 0.00 | 4.85 | 20.29 |
Kforce Corporate Executives
Elected by the shareholders, the Kforce's board of directors comprises two types of representatives: Kforce inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kforce. The board's role is to monitor Kforce's management team and ensure that shareholders' interests are well served. Kforce'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, Kforce's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Kelly | CFO, Sr. VP and Corporate Secretary | Profile |