Kellanova Correlations

K Stock

USD 83.60 0.11 0.13%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kellanova moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kellanova moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kellanova Correlation With Market

Significant diversification

The correlation between Kellanova and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kellanova and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kellanova Stock

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

For more information on how to buy Kellanova Stock please use our How to buy in Kellanova Stock guide.

Moving together with Kellanova Stock

0.76	SHG	Shinhan Financial	Pair Corr
0.75	FR	First Industrial Realty	Pair Corr
0.62	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.62	384802AD6	GRAINGER W W	Pair Corr
0.69	OSIS	OSI Systems	Pair Corr
0.82	ENSG	Ensign Group	Pair Corr
0.8	MTD	Mettler Toledo Inter	Pair Corr
0.79	GGB	Gerdau SA ADR	Pair Corr

Moving against Kellanova Stock

0.85	SFD	Smithfield Foods, Common	Pair Corr
0.8	PFD	Premier Foods PLC	Pair Corr
0.78	STKH	Steakholder Foods	Pair Corr
0.67	AAC	Australian Agricultural	Pair Corr
0.67	BKRKY	Bank Rakyat	Pair Corr
0.66	WINE	Naked Wines plc	Pair Corr
0.65	LWAY	Lifeway Foods	Pair Corr
0.53	VINO	Virgin Wines UK	Pair Corr
0.49	CAG	ConAgra Foods	Pair Corr
0.44	TSN	Tyson Foods	Pair Corr
0.37	PTBRY	Bank Negara Indonesia Downward Rally	Pair Corr
0.44	WF	Woori Financial Group	Pair Corr
0.38	CDP	COPT Defense Properties	Pair Corr

Related Correlations Analysis

	AAVMY	LRCDF	EMN	EXCH	IAFNF	MTLHF	XFABF	BWFG
AAVMY		0.61	-0.32	0.23	0.47	0.55	-0.32	0.49	AAVMY
LRCDF	0.61		-0.4	0.16	0.49	0.3	-0.4	0.65	LRCDF
EMN	-0.32	-0.4		-0.83	-0.77	-0.01	0.51	-0.02	EMN
EXCH	0.23	0.16	-0.83		0.79	-0.1	-0.41	-0.17	EXCH
IAFNF	0.47	0.49	-0.77	0.79		-0.03	-0.62	0.2	IAFNF
MTLHF	0.55	0.3	-0.01	-0.1	-0.03		0.28	0.26	MTLHF
XFABF	-0.32	-0.4	0.51	-0.41	-0.62	0.28		-0.43	XFABF
BWFG	0.49	0.65	-0.02	-0.17	0.2	0.26	-0.43		BWFG
	AAVMY	LRCDF	EMN	EXCH	IAFNF	MTLHF	XFABF	BWFG

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

IAFNF	+ 0.79	EXCH
BWFG	+ 0.65	LRCDF
LRCDF	+ 0.61	AAVMY
MTLHF	+ 0.55	AAVMY
XFABF	+ 0.51	EMN
BWFG	+ 0.49	AAVMY

High negative correlations

EXCH	- 0.83	EMN
IAFNF	- 0.77	EMN
XFABF	- 0.62	IAFNF
BWFG	- 0.43	XFABF
XFABF	- 0.41	EXCH
XFABF	- 0.4	LRCDF

Risk-Adjusted Indicators

There is a big difference between Kellanova Stock performing well and Kellanova 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 Kellanova'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
AAVMY	1.13	0.20	0.09	1.46	1.32	(1.14)	2.68	(2.55)	6.80
LRCDF	0.93	0.11	0.02	3.03	1.41	(1.34)	2.56	(2.62)	9.54
EMN	1.72	(0.15)	0.00	(0.44)	0.00	0.00	3.89	(3.94)	9.50
EXCH	0.39	0.19	0.00	(6.47)	0.00	0.00	0.00	0.00	10.65
IAFNF	0.66	0.16	0.07	2.51	0.63	(1.22)	2.57	(1.71)	5.46
MTLHF	1.09	0.04	0.00	0.17	1.87	(3.66)	3.80	(4.73)	18.11
XFABF	1.92	(0.69)	0.00	(2.89)	0.00	0.00	4.62	(6.56)	24.60
BWFG	1.17	0.05	0.03	0.11	1.43	(1.19)	2.26	(2.13)	7.48

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC