Keysight Technologies Correlations

KEYS
 Stock
  

USD 158.82  0.73  0.46%   

The correlation of Keysight Technologies is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Keysight Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keysight Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please see Correlation Analysis.
  
The ability to find closely correlated positions to Keysight Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keysight Technologies 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 Keysight Technologies - 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 Keysight Technologies to buy it.

Moving together with Keysight Technologies

+0.97FTVFortive CorpPairCorr
+0.64TRMBTrimble NavigationPairCorr
+0.65BNETBION ENVIRONMENTAL Earnings Call  TomorrowPairCorr
+0.96WMWaste ManagementPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   

Keysight Technologies Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Keysight Stock performing well and Keysight Technologies company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Keysight Technologies' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.66  0.21  0.08  0.30  2.78  0.09 (1.58)  4.00 (2.55)  15.22 
MSFT 1.34 (0.07)  0.00 (0.12)  0.00 (0.0405)  0.00  2.43 (3.17)  12.18 
UBER 2.87  0.43  0.13  0.42  2.94  0.11 (3.07)  5.60 (4.70)  25.11 
F 2.20  0.14  0.04  0.03  3.03  0.0379 (2.41)  5.18 (3.74)  18.47 
T 0.99 (0.37)  0.00 (0.66)  0.00 (0.24)  0.00  1.55 (2.33)  9.29 
A 1.60  0.12  0.06  0.05  1.88  0.05 (1.76)  2.87 (3.13)  11.70 
CRM 1.97 (0.19)  0.00 (0.23)  0.00 (0.08)  0.00  3.63 (4.55)  10.76 
JPM 1.30 (0.05)  0.00 (0.10)  0.00 (0.0297)  0.00  2.53 (2.88)  8.06 
MRK 0.91 (0.11)  0.00 (0.40)  0.00 (0.06)  0.00  1.64 (2.13)  4.57 
XOM 1.78  0.05  0.03  0.02  2.18  0.0329 (1.85)  3.33 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Keysight Technologies 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 Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

Keysight Technologies Corporate Directors

Keysight Technologies corporate directors refer to members of a Keysight Technologies board of directors. The board of directors generally takes responsibility for the Keysight Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Keysight Technologies' board members must vote for the resolution. The Keysight Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Richard Hamada - Independent DirectorProfile
Paul Clark - Lead Independent DirectorProfile
Joanne Olsen - Independent DirectorProfile
James Cullen - Independent DirectorProfile

Invested in Keysight Technologies?

The danger of trading Keysight Technologies is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Keysight Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Keysight Technologies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Keysight Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Correlation Analysis. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for analysis

When running Keysight Technologies price analysis, check to measure Keysight Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Keysight Technologies is operating at the current time. Most of Keysight Technologies' value examination focuses on studying past and present price action to predict the probability of Keysight Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Keysight Technologies' price. Additionally, you may evaluate how the addition of Keysight Technologies to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Is Keysight Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Keysight Technologies. If investors know Keysight will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Keysight Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Keysight Technologies is measured differently than its book value, which is the value of Keysight that is recorded on the company's balance sheet. Investors also form their own opinion of Keysight Technologies' value that differs from its market value or its book value, called intrinsic value, which is Keysight Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Keysight Technologies' market value can be influenced by many factors that don't directly affect Keysight Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Keysight Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Keysight Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Keysight Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.