Knightscope Correlations

KSCP Stock

USD 3.87 0.11 2.93%

The current 90-days correlation between Knightscope and Caesarstone is 0.02 (i.e., Significant diversification). The correlation of Knightscope 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.

Knightscope Correlation With Market

Good diversification

The correlation between Knightscope and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knightscope and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Knightscope Stock

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

To learn how to invest in Knightscope Stock, please use our How to Invest in Knightscope guide.

Moving together with Knightscope Stock

0.73	000938	Unisplendour Corp	Pair Corr
0.67	AMPGW	AmpliTech Group	Pair Corr
0.71	002960	Jade Bird Fire	Pair Corr
0.61	VRME	VerifyMe	Pair Corr
0.85	EBON	Ebang International	Pair Corr
0.88	EHGO	Eshallgo Class A	Pair Corr
0.69	ELSE	Electro Sensors	Pair Corr
0.61	ELTK	Eltek Potential Growth	Pair Corr

Moving against Knightscope Stock

0.72	300771	Shenzhen Zhilai Sci	Pair Corr
0.68	FN	Fabrinet Tech Boost	Pair Corr
0.61	688053	Chengdu Screen Micro	Pair Corr
0.48	300259	Suntront Tech	Pair Corr
0.56	603556	Hexing Electrical	Pair Corr
0.59	000925	UniTTEC	Pair Corr
0.58	300626	Huarui Electrical	Pair Corr
0.57	BAERW	Bridger Aerospace	Pair Corr
0.52	688272	Beijing Fjr Optoelec	Pair Corr
0.32	300862	Anhui Landun Photoel	Pair Corr

Related Correlations Analysis

	CSTE	SPCB	BGSF	GPUS	FLYY	APWC	SDST	SKYH	XOS	EDRY
CSTE		0.07	0.63	-0.04	-0.33	0.31	-0.21	0.06	-0.17	0.36	CSTE
SPCB	0.07		-0.26	0.8	-0.08	0.65	0.4	0.73	0.74	-0.55	SPCB
BGSF	0.63	-0.26		-0.39	-0.03	-0.03	-0.67	-0.47	-0.57	0.75	BGSF
GPUS	-0.04	0.8	-0.39		-0.03	0.64	0.4	0.74	0.86	-0.48	GPUS
FLYY	-0.33	-0.08	-0.03	-0.03		-0.27	-0.03	-0.27	-0.04	0.17	FLYY
APWC	0.31	0.65	-0.03	0.64	-0.27		0.23	0.57	0.56	-0.3	APWC
SDST	-0.21	0.4	-0.67	0.4	-0.03	0.23		0.67	0.66	-0.6	SDST
SKYH	0.06	0.73	-0.47	0.74	-0.27	0.57	0.67		0.84	-0.6	SKYH
XOS	-0.17	0.74	-0.57	0.86	-0.04	0.56	0.66	0.84		-0.62	XOS
EDRY	0.36	-0.55	0.75	-0.48	0.17	-0.3	-0.6	-0.6	-0.62		EDRY
	CSTE	SPCB	BGSF	GPUS	FLYY	APWC	SDST	SKYH	XOS	EDRY

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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

XOS	+ 0.86	GPUS
XOS	+ 0.84	SKYH
GPUS	+ 0.8	SPCB
EDRY	+ 0.75	BGSF
XOS	+ 0.74	SPCB
SKYH	+ 0.74	GPUS

High negative correlations

SDST	- 0.67	BGSF
EDRY	- 0.62	XOS
EDRY	- 0.6	SKYH
EDRY	- 0.6	SDST
XOS	- 0.57	BGSF
EDRY	- 0.55	SPCB

Risk-Adjusted Indicators

There is a big difference between Knightscope Stock performing well and Knightscope 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 Knightscope'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
CSTE	4.44	0.37	0.07	0.57	4.34	(6.36)	10.29	(7.48)	38.10
SPCB	3.26	(0.30)	0.00	(75.98)	0.00	0.00	5.72	(6.02)	23.83
BGSF	2.36	0.03	0.00	0.03	0.00	0.00	5.42	(4.85)	12.58
GPUS	6.83	(0.64)	0.00	3.02	0.00	0.00	16.00	(11.54)	43.18
FLYY	3.68	(0.04)	0.00	0.12	0.00	0.00	8.57	(7.89)	20.80
APWC	2.12	(0.04)	(0.03)	(0.01)	2.42	(2.43)	5.08	(3.72)	12.34
SDST	5.98	0.68	0.04	(0.08)	7.19	(6.36)	11.81	(12.93)	52.56
SKYH	1.92	0.00	0.00	0.00	0.00	0.00	4.47	(3.99)	12.01
XOS	2.35	(0.34)	0.00	2.65	0.00	0.00	3.32	(6.10)	12.05
EDRY	1.77	0.11	0.02	29.27	1.92	(1.98)	4.05	(3.34)	11.04

Knightscope Corporate Management

Mallorie Burak	Ex CFO	Profile
Aaron Lehnhardt	Executive Officer	Profile
Ryan Fanciullo	VP Operations	Profile
Mercedes Soria	Executive Officer	Profile
Stacy Stephens	Executive Officer	Profile

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