Kewaunee Scientific Correlations

KEQU Stock

USD 46.50 2.99 6.04%

The current 90-days correlation between Kewaunee Scientific and Hamilton Beach Brands is 0.15 (i.e., Average diversification). The correlation of Kewaunee Scientific 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.

Kewaunee Scientific Correlation With Market

Weak diversification

The correlation between Kewaunee Scientific and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kewaunee Scientific 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 Kewaunee Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

For more information on how to buy Kewaunee Stock please use our How to Invest in Kewaunee Scientific guide.

Moving together with Kewaunee Stock

0.78	SN	SharkNinja,	Pair Corr
0.63	FLXS	Flexsteel Industries	Pair Corr
0.77	LEG	Leggett Platt	Pair Corr
0.74	LZB	La Z Boy	Pair Corr
0.73	MBC	MasterBrand	Pair Corr
0.67	NCL	Northann Corp	Pair Corr
0.72	IRBT	iRobot	Pair Corr
0.76	LOVE	Lovesac	Pair Corr
0.62	NVFY	Nova Lifestyle I	Pair Corr
0.72	AMWD	American Woodmark	Pair Corr
0.78	COOK	Traeger	Pair Corr
0.73	CRWS	Crown Crafts	Pair Corr
0.77	SW	Smurfit WestRock plc	Pair Corr
0.7	F-PB	Ford Motor	Pair Corr
0.65	F-PC	Ford Motor	Pair Corr
0.69	F-PD	F PD	Pair Corr

Moving against Kewaunee Stock

0.74	HBB	Hamilton Beach Brands	Pair Corr
0.67	VIOT	Viomi Technology ADR Earnings Call Today	Pair Corr
0.67	EFOI	Energy Focu	Pair Corr
0.69	CYD	China Yuchai Interna	Pair Corr
0.67	BSET	Bassett Furniture	Pair Corr
0.33	CCK	Crown Holdings	Pair Corr

Related Correlations Analysis

	HBB	MHK	WHR	IRBT	BSET	KBAL	HOFT	NTZ	FLXS
HBB		-0.31	-0.43	-0.62	0.8	0.0	-0.34	0.09	-0.71	HBB
MHK	-0.31		0.69	0.24	-0.59	0.0	0.47	0.16	0.53	MHK
WHR	-0.43	0.69		0.48	-0.63	0.0	0.12	0.12	0.3	WHR
IRBT	-0.62	0.24	0.48		-0.44	0.0	-0.08	0.38	0.29	IRBT
BSET	0.8	-0.59	-0.63	-0.44		0.0	-0.52	0.15	-0.78	BSET
KBAL	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	KBAL
HOFT	-0.34	0.47	0.12	-0.08	-0.52	0.0		-0.35	0.78	HOFT
NTZ	0.09	0.16	0.12	0.38	0.15	0.0	-0.35		-0.23	NTZ
FLXS	-0.71	0.53	0.3	0.29	-0.78	0.0	0.78	-0.23		FLXS
	HBB	MHK	WHR	IRBT	BSET	KBAL	HOFT	NTZ	FLXS

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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

BSET	+ 0.8	HBB
FLXS	+ 0.78	HOFT
WHR	+ 0.69	MHK
FLXS	+ 0.53	MHK
IRBT	+ 0.48	WHR
HOFT	+ 0.47	MHK

High negative correlations

FLXS	- 0.78	BSET
FLXS	- 0.71	HBB
BSET	- 0.63	WHR
IRBT	- 0.62	HBB
BSET	- 0.59	MHK
HOFT	- 0.52	BSET

Risk-Adjusted Indicators

There is a big difference between Kewaunee Stock performing well and Kewaunee Scientific 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 Kewaunee Scientific'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
HBB	2.23	0.24	0.09	0.20	2.54	(2.35)	5.34	(4.38)	17.62
MHK	1.44	(0.12)	0.00	(0.18)	0.00	0.00	3.05	(2.85)	8.27
WHR	1.83	(0.24)	0.00	(0.42)	0.00	0.00	3.26	(3.52)	20.92
IRBT	6.30	(0.78)	0.00	(1.34)	0.00	0.00	19.30	(12.00)	63.81
BSET	1.41	0.18	0.11	1.08	1.83	(1.51)	3.43	(2.82)	10.89
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HOFT	1.64	(0.50)	0.00	(1.66)	0.00	0.00	1.93	(4.36)	11.10
NTZ	2.85	0.05	0.04	(0.17)	3.26	(3.72)	6.75	(5.80)	24.28
FLXS	2.56	(0.59)	0.00	(0.47)	0.00	0.00	4.30	(5.34)	37.91

Kewaunee Scientific Corporate Management

Keith Smith	VP of Manufacturing	Profile
Bhoopathy Sathyamurthy	Managing Operations	Profile
Douglas Batdorff	Vice Operations	Profile
Elizabeth Phillips	Vice Resources	Profile

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