Kforce Correlations

KFRC Stock

USD 32.60 0.08 0.25%

The current 90-days correlation between Kforce Inc and Barrett Business Services is -0.11 (i.e., Good diversification). The correlation of Kforce 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.

Kforce Correlation With Market

Very weak diversification

The correlation between Kforce Inc and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kforce Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kforce Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kforce Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Kforce Stock

0.65	BV	BrightView Holdings	Pair Corr
0.83	VRSK	Verisk Analytics	Pair Corr
0.76	EEFT	Euronet Worldwide	Pair Corr
0.62	EXPO	Exponent	Pair Corr
0.64	BTM	Bitcoin Depot Downward Rally	Pair Corr
0.74	FOUR	Shift4 Payments	Pair Corr
0.82	HNI	HNI Corp	Pair Corr
0.66	FVRR	Fiverr International	Pair Corr
0.95	SOS	SOS Limited	Pair Corr

Moving against Kforce Stock

0.79	BR	Broadridge Financial	Pair Corr
0.72	VLTO	Veralto	Pair Corr
0.68	LZ	LegalZoom	Pair Corr
0.67	MG	Mistras Group	Pair Corr
0.91	VSEC	VSE Corporation	Pair Corr
0.74	WLDN	Willdan Group Downward Rally	Pair Corr
0.68	BCO	Brinks Company	Pair Corr
0.66	GFL	Gfl Environmental	Pair Corr
0.65	DLX	Deluxe	Pair Corr
0.32	WFCF	Where Food Comes	Pair Corr
0.76	HDSN	Hudson Technologies	Pair Corr
0.7	KAR	KAR Auction Services	Pair Corr
0.69	ESGLW	ESGL Holdings Limited	Pair Corr
0.63	ZONE	CleanCore Solutions Trending	Pair Corr
0.62	IMXI	International Money	Pair Corr
0.56	WEX	Wex Inc	Pair Corr

Related Correlations Analysis

	ASGN	BBSI	HSII	HSON	KELYA	KFY	MAN
ASGN		0.28	0.23	0.37	0.26	-0.06	0.27	ASGN
BBSI	0.28		0.59	0.72	0.74	0.31	0.15	BBSI
HSII	0.23	0.59		0.42	0.84	0.79	0.49	HSII
HSON	0.37	0.72	0.42		0.63	0.2	0.05	HSON
KELYA	0.26	0.74	0.84	0.63		0.59	0.35	KELYA
KFY	-0.06	0.31	0.79	0.2	0.59		0.56	KFY
MAN	0.27	0.15	0.49	0.05	0.35	0.56		MAN
	ASGN	BBSI	HSII	HSON	KELYA	KFY	MAN

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

KELYA	+ 0.84	HSII
KFY	+ 0.79	HSII
KELYA	+ 0.74	BBSI
HSON	+ 0.72	BBSI
KELYA	+ 0.63	HSON
HSII	+ 0.59	BBSI

High negative correlations

KFY

- 0.06

ASGN

Risk-Adjusted Indicators

There is a big difference between Kforce Stock performing well and Kforce 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 Kforce'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
ASGN	1.90	(0.15)	(0.02)	0.03	2.15	(2.16)	4.21	(3.26)	14.52
BBSI	1.03	0.28	0.10	(1.04)	1.17	(1.10)	2.31	(1.77)	7.84
HSII	1.18	0.04	0.09	0.13	1.11	(1.31)	3.22	(2.79)	8.94
HSON	1.63	0.05	(0.01)	0.26	2.04	(1.89)	3.68	(3.13)	10.79
KELYA	1.64	0.11	0.10	0.17	1.67	(1.74)	4.03	(2.97)	13.49
KFY	1.20	(0.03)	0.03	0.09	1.14	(1.48)	3.23	(1.94)	9.17
MAN	2.12	(0.20)	(0.02)	0.03	2.48	(2.41)	4.85	(3.54)	13.61

Kforce Corporate Executives

Elected by the shareholders, the Kforce's board of directors comprises two types of representatives: Kforce inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kforce. The board's role is to monitor Kforce's management team and ensure that shareholders' interests are well served. Kforce'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, Kforce's outside directors are responsible for providing unbiased perspectives on the board's policies.

David Kelly

CFO, Sr. VP and Corporate Secretary

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