Kernel Group Correlations
The current 90-days correlation between Kernel Group Holdings and Goal Acquisitions Corp is 0.03 (i.e., Significant diversification). The correlation of Kernel Group 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.
Kernel Group Correlation With Market
Average diversification
The correlation between Kernel Group Holdings and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kernel Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
Kernel |
Moving together with Kernel Stock
| 0.68 | PTAIF | PT Astra International | PairCorr |
| 0.65 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Kernel Stock
| 0.68 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.59 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.43 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.4 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.34 | PKX | POSCO Holdings | PairCorr |
Related Correlations Analysis
| 0.48 | 0.08 | -0.45 | 0.61 | PUCKW | ||
| 0.48 | 0.41 | -0.79 | 0.75 | SDACW | ||
| 0.08 | 0.41 | -0.39 | 0.23 | NRACW | ||
| -0.45 | -0.79 | -0.39 | -0.7 | ARRWW | ||
| 0.61 | 0.75 | 0.23 | -0.7 | TMKRW | ||
| 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 Kernel Stock performing well and Kernel Group 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 Kernel Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PUCKW | 14.74 | 2.22 | 0.07 | (0.54) | 17.23 | 33.33 | 120.29 | |||
| SDACW | 25.84 | 4.80 | 0.17 | 1.43 | 23.65 | 50.33 | 472.73 | |||
| NRACW | 22.87 | 4.43 | 0.13 | (0.64) | 21.47 | 66.67 | 145.37 | |||
| ARRWW | 7.89 | 1.71 | 0.14 | (1.22) | 6.27 | 19.44 | 120.83 | |||
| TMKRW | 18.30 | 2.44 | 0.07 | (0.35) | 19.39 | 37.57 | 125.32 |
Kernel Group Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kernel Group stock to make a market-neutral strategy. Peer analysis of Kernel Group could also be used in its relative valuation, which is a method of valuing Kernel Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kernel Group Corporate Management
| Michael Newbold | Chief Officer | Profile | |
| Vivek Paul | Chief Officer | Profile | |
| Brett Northart | Chief Officer | Profile | |
| Rakesh Tondon | Chief Officer | Profile | |
| Mark Gross | CEO Director | Profile |
Still Interested in Kernel Group Holdings?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.