KKR Co Correlations

KKR Stock

USD 135.78 0.76 0.56%

The current 90-days correlation between KKR Co LP and Blackstone Group is 0.73 (i.e., Poor diversification). The correlation of KKR Co 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. If the correlation is 0, the equities are not correlated; they are entirely random.

KKR Co Correlation With Market

Poor diversification

The correlation between KKR Co LP and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KKR Co LP and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KKR Co LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with KKR Stock

0.73	MS	Morgan Stanley Earnings Call Today	Pair Corr
0.97	AXP	American Express Earnings Call This Week	Pair Corr
0.84	FNVT	Finnovate Acquisition	Pair Corr
0.79	CIM	Chimera Investment	Pair Corr
0.83	FRHC	Freedom Holding Corp	Pair Corr
0.82	MFA	MFA Financial	Pair Corr
0.8	RWT	Redwood Trust	Pair Corr
0.65	IPXXU	Inflection Point Acq	Pair Corr
0.74	KREF	KKR Real Estate Earnings Call This Week	Pair Corr
0.62	MITT	AG Mortgage Investment	Pair Corr
0.78	PFLT	PennantPark Floating Rate Fiscal Year End 20th of November 2024	Pair Corr
0.79	PHYT	Pyrophyte Acquisition	Pair Corr
0.76	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.86	SEIC	SEI Investments Earnings Call This Week	Pair Corr
0.93	STEP	Stepstone Group	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.85	AB	AllianceBernstein	Pair Corr
0.79	AC	Associated Capital	Pair Corr

Moving against KKR Stock

0.75	ARI	Apollo Commercial Real	Pair Corr
0.72	RC	Ready Capital Corp	Pair Corr
0.46	AJX	Great Ajax Corp Earnings Call This Week	Pair Corr
0.55	PPYAU	Papaya Growth Opportunity	Pair Corr
0.37	CNNE	Cannae Holdings	Pair Corr
0.36	AX	Axos Financial	Pair Corr

Related Correlations Analysis

	CG	ARES	BX	OWL	APO	TPG	CGBD	BLK	BAM	BN
CG		0.68	0.39	0.82	0.8	0.4	0.8	0.33	0.5	0.43	CG
ARES	0.68		0.86	0.89	0.91	0.9	0.58	0.84	0.91	0.91	ARES
BX	0.39	0.86		0.66	0.72	0.95	0.42	0.86	0.94	0.92	BX
OWL	0.82	0.89	0.66		0.96	0.72	0.72	0.67	0.76	0.73	OWL
APO	0.8	0.91	0.72	0.96		0.78	0.76	0.73	0.83	0.81	APO
TPG	0.4	0.9	0.95	0.72	0.78		0.38	0.94	0.96	0.96	TPG
CGBD	0.8	0.58	0.42	0.72	0.76	0.38		0.22	0.47	0.4	CGBD
BLK	0.33	0.84	0.86	0.67	0.73	0.94	0.22		0.91	0.94	BLK
BAM	0.5	0.91	0.94	0.76	0.83	0.96	0.47	0.91		0.93	BAM
BN	0.43	0.91	0.92	0.73	0.81	0.96	0.4	0.94	0.93		BN
	CG	ARES	BX	OWL	APO	TPG	CGBD	BLK	BAM	BN

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Risk-Adjusted Indicators

There is a big difference between KKR Stock performing well and KKR Co 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 KKR Co'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
CG	1.85	0.00	0.03	0.09	2.56	(1.88)	4.09	(3.99)	13.04
ARES	1.42	0.05	0.04	0.12	1.95	(1.48)	2.72	(3.97)	9.55
BX	1.33	0.14	0.09	0.18	1.55	(1.33)	3.15	(2.96)	7.67
OWL	1.63	0.19	0.09	0.19	2.59	(1.65)	3.58	(2.73)	13.02
APO	1.58	0.09	0.06	0.13	2.62	(1.66)	3.46	(3.81)	13.61
TPG	1.57	0.30	0.14	0.26	2.06	(1.64)	3.79	(3.21)	11.82
CGBD	0.88	(0.09)	0.00	(0.04)	0.00	0.00	1.50	(2.29)	5.58
BLK	0.95	0.22	0.18	0.29	0.81	(0.98)	2.35	(1.80)	4.78
BAM	1.24	0.14	0.10	0.19	1.41	(1.34)	3.43	(2.93)	6.87
BN	1.34	0.08	0.08	0.13	1.77	(1.40)	3.08	(3.49)	8.95

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