World Kinect Correlations

WKC Stock

28.76 0.70 2.49%

The current 90-days correlation between World Kinect and National Vision Holdings is 0.42 (i.e., Very weak diversification). The correlation of World Kinect 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.

World Kinect Correlation With Market

Good diversification

The correlation between World Kinect and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Kinect and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with World Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in World Kinect. 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.

For information on how to trade World Stock refer to our How to Trade World Stock guide.

Moving together with World Stock

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0.93	DKL	Delek Logistics Partners Earnings Call This Week	Pair Corr
0.97	MPC	Marathon Petroleum Corp	Pair Corr
0.88	PBF	PBF Energy Earnings Call This Week	Pair Corr
0.93	PSX	Phillips 66 Earnings Call This Week	Pair Corr
0.93	VLO	Valero Energy Earnings Call Tomorrow	Pair Corr
0.89	PARR	Par Pacific Holdings	Pair Corr
0.93	CLNE	Clean Energy Fuels	Pair Corr
0.88	E	Eni SpA ADR Earnings Call Tomorrow	Pair Corr
0.63	AM	Antero Midstream Partners Earnings Call This Week	Pair Corr
0.83	BP	BP PLC ADR	Pair Corr
0.7	ET	Energy Transfer LP	Pair Corr
0.82	EU	enCore Energy Corp	Pair Corr
0.62	NC	NACCO Industries Earnings Call This Week	Pair Corr
0.9	NE	Noble plc	Pair Corr
0.85	PR	Permian Resources	Pair Corr
0.75	SD	SandRidge Energy	Pair Corr
0.76	SM	SM Energy	Pair Corr
0.73	SU	Suncor Energy Earnings Call Today	Pair Corr
0.92	TK	Teekay	Pair Corr
0.85	TS	Tenaris SA ADR Earnings Call This Week	Pair Corr
0.81	VG	Venture Global,	Pair Corr
0.75	DLNG	Dynagas LNG Partners	Pair Corr

Moving against World Stock

0.75	CAPL	Crossamerica Partners	Pair Corr
0.72	SGU	Star Gas Partners Earnings Call This Week	Pair Corr
0.67	SUN	Sunoco LP	Pair Corr
0.69	HP	Helmerich and Payne	Pair Corr
0.63	DMLP	Dorchester Minerals	Pair Corr
0.55	VIVK	Vivakor	Pair Corr
0.4	EONR	EON Resources Symbol Change	Pair Corr

Related Correlations Analysis

	KUKE	EYE	SPMMF	ABG	KVHI	CSYT	SURRY
KUKE		-0.83	0.0	-0.61	-0.72	0.0	-0.83	KUKE
EYE	-0.83		0.0	0.79	0.79	0.0	0.8	EYE
SPMMF	0.0	0.0		0.0	0.0	-1.0	0.0	SPMMF
ABG	-0.61	0.79	0.0		0.59	0.0	0.68	ABG
KVHI	-0.72	0.79	0.0	0.59		0.0	0.62	KVHI
CSYT	0.0	0.0	-1.0	0.0	0.0		0.0	CSYT
SURRY	-0.83	0.8	0.0	0.68	0.62	0.0		SURRY
	KUKE	EYE	SPMMF	ABG	KVHI	CSYT	SURRY

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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

SURRY	+ 0.8	EYE
ABG	+ 0.79	EYE
KVHI	+ 0.79	EYE
SURRY	+ 0.68	ABG
SURRY	+ 0.62	KVHI
KVHI	+ 0.59	ABG

High negative correlations

CSYT	- 1.0	SPMMF
SURRY	- 0.83	KUKE
EYE	- 0.83	KUKE
KVHI	- 0.72	KUKE
ABG	- 0.61	KUKE
SURRY	- 0.0	CSYT

Risk-Adjusted Indicators

There is a big difference between World Stock performing well and World Kinect 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 World Kinect'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
KUKE	2.53	0.04	0.00	0.14	0.00	0.00	6.83	(4.56)	29.89
EYE	2.10	1.22	0.54	(38.09)	0.81	(2.56)	6.85	(2.38)	20.87
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ABG	1.57	(0.06)	(0.02)	0.12	2.17	(1.61)	3.68	(3.00)	12.35
KVHI	1.16	0.16	(0.01)	(4.66)	1.20	(1.53)	4.32	(2.21)	9.24
CSYT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SURRY	1.61	0.53	0.00	(4.92)	0.00	0.00	3.56	(3.23)	31.76

World Kinect Corporate Management

Amy Avalos	Chief VP	Profile
Fernando Casadevall	Chief Officer	Profile
Josh McLean	Chief Officer	Profile
Braulio Medrano	Senior Relations	Profile
Jeffrey Weissman	General Secretary	Profile
John Rau	Land Aviation	Profile

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