Kingspan Group Correlations
| KRX Stock | EUR 69.75 1.50 2.20% |
The current 90-days correlation between Kingspan Group plc and Geberit AG is 0.11 (i.e., Average diversification). The correlation of Kingspan 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.
Kingspan |
The ability to find closely correlated positions to Kingspan Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingspan Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kingspan Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kingspan Group plc to buy it.
Moving together with Kingspan Stock
Moving against Kingspan Stock
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| 0.52 | W5E | Peel Mining Limited | PairCorr |
| 0.34 | CEV | Centrotec SE | PairCorr |
| 0.93 | UVV | Universal Corp | PairCorr |
| 0.93 | 2PP | PayPal Holdings | PairCorr |
| 0.92 | BB1 | Barrett Business Services | PairCorr |
| 0.92 | KEL | KELLOGG Dusseldorf | PairCorr |
| 0.88 | 7SU | Summit Materials | PairCorr |
| 0.86 | OYC | Delta Air Lines | PairCorr |
| 0.86 | SAYN | Sanmina | PairCorr |
| 0.85 | JBL | JABIL CIRCUIT | PairCorr |
| 0.79 | UF2 | Sunstone Hotel Investors | PairCorr |
| 0.71 | 8II | PLAYTIKA HOLDING | PairCorr |
| 0.71 | 3E2 | Etsy Inc | PairCorr |
| 0.69 | ACT | AlzChem Group AG | PairCorr |
| 0.61 | CMAB | Mapfre SA | PairCorr |
| 0.94 | ITB | IMPERIAL TOBACCO | PairCorr |
| 0.92 | HEI | Heidelberg Materials | PairCorr |
| 0.78 | ML2 | Ming Le Sports | PairCorr |
| 0.75 | ENA | Endesa SA | PairCorr |
| 0.66 | ACT | AlzChem Group AG | PairCorr |
| 0.62 | OEMA | TomTom NV | 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 Kingspan Stock performing well and Kingspan 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 Kingspan 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DKIA | 1.29 | (0.02) | 0.00 | (0.13) | 0.00 | 2.79 | 10.78 | |||
| 4PN | 1.35 | (0.18) | 0.00 | (0.26) | 0.00 | 2.55 | 11.52 | |||
| GBRF | 1.27 | 0.00 | 0.00 | 0.00 | 0.00 | 3.60 | 8.02 | |||
| 72T | 4.15 | 0.67 | 0.13 | (0.64) | 4.26 | 10.95 | 29.33 | |||
| LFPB | 1.37 | (0.41) | 0.00 | (0.55) | 0.00 | 2.79 | 8.39 | |||
| HSJA | 1.68 | 0.21 | 0.06 | (0.94) | 2.24 | 3.65 | 13.26 | |||
| FZG1 | 2.00 | 0.27 | 0.10 | (4.32) | 2.10 | 4.04 | 20.54 | |||
| CEV | 0.63 | 0.10 | 0.08 | (0.44) | 0.49 | 1.00 | 8.97 | |||
| 5IW | 1.18 | 0.01 | (0.01) | (0.17) | 1.30 | 2.22 | 13.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kingspan Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Kingspan Group Corporate Management
Elected by the shareholders, the Kingspan Group's board of directors comprises two types of representatives: Kingspan Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kingspan. The board's role is to monitor Kingspan Group's management team and ensure that shareholders' interests are well served. Kingspan Group'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, Kingspan Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| FCA BComm | Group Director | Profile | |
| Lorcan Dowd | Company Secretary | Profile | |
| Eugene Murtagh | Non-Executive Chairman | Profile | |
| Anne Heraty | Non-Executive Independent Director | Profile | |
| Jim Carolan | Group Certification | Profile | |
| Gilbert McCarthy | Managing Director - Group’s Insulated Panels Businesses in the UK, Ireland, Western Europe and Australia, Executive Director | Profile | |
| Michael Cawley | Non-Executive Independent Director | Profile |