Kellanova Correlations

Stocks . USA . 
Stock . Kellanova
K Stock  USD 79.92  0.06  0.07%   
The current 90-days correlation between Kellanova and Campbell Soup is 0.21 (i.e., Modest diversification). 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

Modest diversification

The correlation between Kellanova and DJI is 0.26 (i.e., Modest 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 industry.
For more information on how to buy Kellanova Stock please use our How to buy in Kellanova Stock guide.

Moving together with Kellanova Stock

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  0.68PAVS Paranovus EntertainmentPairCorr
  0.63GO Grocery Outlet HoldingPairCorr
  0.66GV Visionary EducationPairCorr
  0.76JZ Jianzhi EducationPairCorr

Moving against Kellanova Stock

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  0.73DG Dollar GeneralPairCorr
  0.7VITL Vital FarmsPairCorr
  0.7OTLY Oatly Group ABPairCorr
  0.63RMCF Rocky Mountain ChocolatePairCorr
  0.58SFD Smithfield Foods, CommonPairCorr
  0.58LWAY Lifeway FoodsPairCorr
  0.44RKDA Arcadia BiosciencesPairCorr
  0.42BUD Anheuser Busch InbevPairCorr
  0.83DTCK Davis CommoditiesPairCorr
  0.8WILC G Willi FoodPairCorr
  0.77DLTR Dollar TreePairCorr
  0.6FEDU Four Seasons EducationPairCorr
  0.58PM Philip Morris Intern Earnings Call This WeekPairCorr
  0.57YQ 17 Education TechnologyPairCorr
  0.54EWCZ European Wax CenterPairCorr
  0.49IMKTA Ingles MarketsPairCorr
  0.44FAMI Farmmi IncPairCorr
  0.38IH Ihuman Inc TrendingPairCorr

Related Correlations Analysis

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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   
CAG
+ 0.95
CPB
GIS
+ 0.95
CAG
GIS
+ 0.94
CPB
SJM
+ 0.78
CPB
KHC
+ 0.77
CPB
GIS
+ 0.71
KHC
  
High negative correlations   
LW
- 0.29
KHC
SJM
- 0.29
HRL
KHC
- 0.23
HRL
HRL
- 0.23
CPB
LW
- 0.21
SJM
HRL
- 0.16
CAG

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.

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