World Kinect Correlations
| WKC Stock | 23.72 0.22 0.94% |
The current 90-days correlation between World Kinect and Small Cap Premium is 0.09 (i.e., Significant 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
Very weak diversification
The correlation between World Kinect and DJI is 0.56 (i.e., Very weak 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.
Moving together with World Stock
| 0.72 | DINO | HF Sinclair Corp | PairCorr |
| 0.74 | DKL | Delek Logistics Partners | PairCorr |
| 0.84 | IEP | Icahn Enterprises | PairCorr |
| 0.79 | MPC | Marathon Petroleum Corp | PairCorr |
| 0.88 | PSX | Phillips 66 Earnings Call This Week | PairCorr |
| 0.8 | VLO | Valero Energy Earnings Call This Week | PairCorr |
| 0.72 | BP | BP PLC ADR | PairCorr |
| 0.68 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.69 | PR | Permian Resources | PairCorr |
| 0.78 | SD | SandRidge Energy | PairCorr |
| 0.72 | SU | Suncor Energy | PairCorr |
| 0.79 | TS | Tenaris SA ADR | PairCorr |
| 0.64 | VIST | Vista Oil Gas Earnings Call This Week | PairCorr |
Moving against World Stock
Related Correlations Analysis
| -0.02 | -0.8 | 0.0 | -0.86 | -0.69 | RCC | ||
| -0.02 | 0.1 | 0.0 | 0.22 | 0.25 | VHC | ||
| -0.8 | 0.1 | 0.0 | 0.89 | 0.75 | ABR | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MDXHF | ||
| -0.86 | 0.22 | 0.89 | 0.0 | 0.81 | SYRE | ||
| -0.69 | 0.25 | 0.75 | 0.0 | 0.81 | TFX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RCC | 0.26 | 0.03 | 0.35 | (3.19) | 0.22 | 0.59 | 1.67 | |||
| VHC | 2.76 | 0.31 | 0.10 | (2.44) | 3.58 | 7.38 | 20.72 | |||
| ABR | 1.66 | (0.13) | 0.00 | (0.22) | 0.00 | 2.90 | 15.82 | |||
| MDXHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SYRE | 3.69 | (0.56) | 0.00 | (0.40) | 0.00 | 6.86 | 24.08 | |||
| TFX | 1.72 | (0.38) | 0.00 | (0.63) | 0.00 | 2.78 | 24.93 |
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 | Senior Counsel | Profile | |
| John Rau | Land Aviation | Profile |