Knowles Cor Correlations

KN Stock

USD 16.39 0.24 1.49%

The current 90-days correlation between Knowles Cor and Comtech Telecommunications Corp is 0.21 (i.e., Modest 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

Very weak diversification

The correlation between Knowles Cor and DJI is 0.54 (i.e., Very weak 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

0.68	FN	Fabrinet	Pair Corr
0.83	KE	Kimball Electronics	Pair Corr
0.82	EBON	Ebang International	Pair Corr
0.89	EXTR	Extreme Networks	Pair Corr
0.77	FEIM	Frequency Electronics	Pair Corr
0.86	APH	Amphenol	Pair Corr
0.87	BDC	Belden Inc	Pair Corr
0.94	BHE	Benchmark Electronics	Pair Corr
0.92	CTS	CTS Corporation	Pair Corr
0.84	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.85	IDN	Intellicheck Mobilisa Earnings Call Today	Pair Corr
0.84	MEI	Methode Electronics	Pair Corr
0.79	MOB	Mobilicom Limited	Pair Corr
0.81	MSI	Motorola Solutions	Pair Corr

Moving against Knowles Stock

0.4	VIAV	Viavi Solutions	Pair Corr
0.35	SATLW	Satellogic Warrant	Pair Corr
0.78	FKWL	Franklin Wireless Corp	Pair Corr
0.51	DLB	Dolby Laboratories	Pair Corr
0.38	FFIV	F5 Networks	Pair Corr
0.88	NOK	Nokia Corp ADR Aggressive Push	Pair Corr

Related Correlations Analysis

	MYNA	CMTL	ITRN	AVNW	EXTR	KVHI	SATS	CMBM	CRNT
MYNA		0.59	-0.66	-0.53	0.66	-0.04	-0.58	-0.17	0.47	MYNA
CMTL	0.59		-0.72	-0.53	0.74	-0.19	-0.81	-0.2	0.66	CMTL
ITRN	-0.66	-0.72		0.61	-0.73	0.05	0.81	0.03	-0.79	ITRN
AVNW	-0.53	-0.53	0.61		-0.51	0.46	0.78	0.62	-0.23	AVNW
EXTR	0.66	0.74	-0.73	-0.51		0.16	-0.65	-0.01	0.74	EXTR
KVHI	-0.04	-0.19	0.05	0.46	0.16		0.43	0.79	0.39	KVHI
SATS	-0.58	-0.81	0.81	0.78	-0.65	0.43		0.43	-0.52	SATS
CMBM	-0.17	-0.2	0.03	0.62	-0.01	0.79	0.43		0.37	CMBM
CRNT	0.47	0.66	-0.79	-0.23	0.74	0.39	-0.52	0.37		CRNT
	MYNA	CMTL	ITRN	AVNW	EXTR	KVHI	SATS	CMBM	CRNT

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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

SATS	+ 0.81	ITRN
CMBM	+ 0.79	KVHI
SATS	+ 0.78	AVNW
EXTR	+ 0.74	CMTL
CRNT	+ 0.74	EXTR
EXTR	+ 0.66	MYNA

High negative correlations

SATS	- 0.81	CMTL
CRNT	- 0.79	ITRN
EXTR	- 0.73	ITRN
ITRN	- 0.72	CMTL
ITRN	- 0.66	MYNA
SATS	- 0.65	EXTR

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	12.78	(1.16)	0.00	0.35	0.00	0.00	36.96	(31.58)	167.72
CMTL	6.05	(0.58)	0.00	0.43	0.00	0.00	18.18	(9.39)	65.93
ITRN	1.90	0.39	0.23	0.53	1.68	(2.57)	4.00	(3.59)	21.38
AVNW	2.52	0.37	0.12	0.15	2.64	(3.00)	5.24	(4.90)	34.98
EXTR	1.63	(0.12)	0.00	(0.20)	0.00	0.00	2.67	(3.97)	9.98
KVHI	1.72	(0.13)	0.00	(1.41)	0.00	0.00	2.92	(4.35)	12.61
SATS	1.83	0.30	0.10	0.16	2.60	(2.08)	4.83	(2.95)	16.24
CMBM	6.70	0.35	0.02	0.02	7.69	(7.96)	15.69	(15.38)	37.73
CRNT	3.83	(0.58)	0.00	(0.57)	0.00	0.00	8.61	(6.81)	37.31

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