Knowles Cor Correlations

KN Stock

USD 18.03 0.01 0.06%

The current 90-days correlation between Knowles Cor and Comtech Telecommunications Corp is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Knowles Cor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Knowles Cor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Knowles Cor Correlation With Market

Poor diversification

The correlation between Knowles Cor and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knowles Cor and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knowles Cor. 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.

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

Moving together with Knowles Stock

0.82	CDW	CDW Corp	Pair Corr
0.8	CTS	CTS Corporation	Pair Corr
0.85	HPQ	HP Inc Fiscal Year End 19th of November 2024	Pair Corr
0.64	LPL	LG Display	Pair Corr
0.76	MEI	Methode Electronics	Pair Corr
0.9	TEL	TE Connectivity Fiscal Year End 6th of November 2024	Pair Corr

Related Correlations Analysis

	MYNA	CMTL	ITRN	AVNW	EXTR	KVHI	SATS	CMBM	CRNT	AUDC
MYNA		-0.31	-0.71	0.72	-0.69	-0.2	-0.59	0.53	-0.41	0.55	MYNA
CMTL	-0.31		0.11	-0.49	0.5	0.34	0.68	-0.12	-0.03	-0.44	CMTL
ITRN	-0.71	0.11		-0.27	0.77	0.09	0.23	-0.64	0.84	-0.05	ITRN
AVNW	0.72	-0.49	-0.27		-0.46	-0.18	-0.76	0.42	0.03	0.83	AVNW
EXTR	-0.69	0.5	0.77	-0.46		0.17	0.48	-0.48	0.6	-0.23	EXTR
KVHI	-0.2	0.34	0.09	-0.18	0.17		0.43	0.21	-0.13	-0.35	KVHI
SATS	-0.59	0.68	0.23	-0.76	0.48	0.43		-0.27	-0.1	-0.72	SATS
CMBM	0.53	-0.12	-0.64	0.42	-0.48	0.21	-0.27		-0.65	0.18	CMBM
CRNT	-0.41	-0.03	0.84	0.03	0.6	-0.13	-0.1	-0.65		0.24	CRNT
AUDC	0.55	-0.44	-0.05	0.83	-0.23	-0.35	-0.72	0.18	0.24		AUDC
	MYNA	CMTL	ITRN	AVNW	EXTR	KVHI	SATS	CMBM	CRNT	AUDC

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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

CRNT	+ 0.84	ITRN
AUDC	+ 0.83	AVNW
EXTR	+ 0.77	ITRN
AVNW	+ 0.72	MYNA
SATS	+ 0.68	CMTL
CRNT	+ 0.6	EXTR

High negative correlations

SATS	- 0.76	AVNW
AUDC	- 0.72	SATS
ITRN	- 0.71	MYNA
EXTR	- 0.69	MYNA
CRNT	- 0.65	CMBM
CMBM	- 0.64	ITRN

Risk-Adjusted Indicators

There is a big difference between Knowles Stock performing well and Knowles Cor 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 Knowles Cor'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
MYNA	5.84	(1.03)	0.00	(0.85)	0.00	0.00	11.27	(9.73)	65.06
CMTL	3.66	0.27	0.11	0.23	3.63	(4.57)	7.94	(6.81)	26.40
ITRN	1.05	0.03	0.01	0.15	1.25	(1.10)	2.96	(1.95)	7.31
AVNW	2.00	(0.47)	0.00	(0.23)	0.00	0.00	3.63	(3.98)	18.07
EXTR	1.93	0.01	0.05	0.12	2.22	(2.01)	4.59	(3.44)	12.67
KVHI	1.54	(0.10)	0.00	(0.05)	0.00	0.00	3.13	(2.84)	8.57
SATS	2.87	0.62	0.14	0.47	3.60	(2.91)	8.94	(4.31)	24.32
CMBM	4.22	(0.79)	0.00	(0.21)	0.00	0.00	6.51	(7.87)	40.74
CRNT	1.95	0.05	0.04	0.14	2.36	(2.25)	4.10	(2.99)	12.62
AUDC	1.69	(0.17)	0.00	(0.04)	0.00	0.00	4.05	(3.88)	9.08

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