Kingspan Group Correlations
| KRX Stock | EUR 71.20 0.40 0.56% |
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. If the correlation is 0, the equities are not correlated; they are entirely random.
Kingspan Group Correlation With Market
Modest diversification
The correlation between Kingspan Group plc and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kingspan Group plc and DJI in the same portfolio, assuming nothing else is changed.
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
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.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?
Run Transaction History Now
Transaction HistoryView history of all your transactions and understand their impact on performance |
| All Next | Launch Module |
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.
| Siobhan ODwyer | Global Affairs | Profile | |
| FCA BComm | Group Director | Profile | |
| Russell Shiels | Pres Director | Profile | |
| Lorcan Dowd | Head Sec | Profile | |
| Catriona Nicholson | Head Relations | Profile | |
| Jim Carolan | Group Certification | Profile | |
| Gene Murtagh | CEO Director | Profile |