KDK (KDK)
Daily ERM3 factor decomposition: how much of KDK's variance is explained by the market, its sector, and its subsector — and the ETF notionals that would neutralize each layer.
- Price
- $4.11
- Market cap
- $729M
- 23-day vol
- 54.6%
- Sector proxy
- XLY
- Subsector proxy
- CARZ
Risk DNA
0% of KDK's variance is systematic (explainable by market, sector, and subsector factors); the rest is stock-specific.
Market 1.5%Sector 0.0%Subsector 0.0%Stock-specific 98.5%
ETF hedge ratios
Dollars of ETF to short per $1 of KDK held — executable hedge weights, not regression betas. L1 hedges market only; L3 adds sector and subsector layers.
| Level | Market (SPY) | Sector (XLY) | Subsector (CARZ) | Explained risk |
|---|---|---|---|---|
| L1 | $-1.74 | — | — | 1.6% |
| L2 | $-1.93 | $0.16 | — | 1.5% |
| L3 | $-1.57 | $0.13 | $-0.16 | 0.5% |
Data as of July 29, 2026. Updated daily from the ERM3 pipeline.
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