Knife River Correlations

KNF Stock

95.55 3.64 3.96%

The current 90-days correlation between Knife River and Artisan Partners Asset is 0.55 (i.e., Very weak diversification). The correlation of Knife River 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.

Knife River Correlation With Market

Very weak diversification

The correlation between Knife River and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knife River 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 Knife River. 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 detail on how to invest in Knife Stock please use our How to Invest in Knife River guide.

Moving together with Knife Stock

0.9	BCC	Boise Cascad Llc	Pair Corr
0.9	EXP	Eagle Materials	Pair Corr
0.94	MLM	Martin Marietta Materials	Pair Corr
0.92	VMC	Vulcan Materials	Pair Corr
0.68	LOMA	Loma Negra Compania	Pair Corr
0.75	SMID	Smith Midland Corp	Pair Corr
0.88	TGLS	Tecnoglass	Pair Corr
0.75	USLM	United States Lime	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.86	CC	Chemours	Pair Corr
0.83	CE	Celanese	Pair Corr
0.73	CF	CF Industries Holdings	Pair Corr
0.83	FF	FutureFuel Corp	Pair Corr
0.61	SA	Seabridge Gold Earnings Call This Week	Pair Corr
0.73	HYMCW	Hycroft Mining Holding	Pair Corr

Moving against Knife Stock

0.62	SUM	Summit Materials	Pair Corr
0.59	DC	Dakota Gold Corp	Pair Corr
0.44	AU	AngloGold Ashanti plc	Pair Corr
0.38	X	United States Steel Sell-off Trend	Pair Corr
0.32	CX	Cemex SAB de	Pair Corr
0.7	MT	ArcelorMittal SA ADR	Pair Corr
0.66	AGI	Alamos Gold	Pair Corr
0.53	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.52	MP	MP Materials Corp Sell-off Trend	Pair Corr
0.47	ASM	Avino Silver Gold	Pair Corr
0.44	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.31	TX	Ternium SA ADR	Pair Corr

Related Correlations Analysis

	WFCF	SYRE	ARDX	INBX	APAM	VCSA	GNFT
WFCF		0.51	-0.26	0.15	0.16	-0.29	0.04	WFCF
SYRE	0.51		-0.17	0.43	0.59	-0.48	0.6	SYRE
ARDX	-0.26	-0.17		-0.42	0.09	0.67	0.24	ARDX
INBX	0.15	0.43	-0.42		-0.08	-0.47	-0.05	INBX
APAM	0.16	0.59	0.09	-0.08		-0.24	0.56	APAM
VCSA	-0.29	-0.48	0.67	-0.47	-0.24		-0.06	VCSA
GNFT	0.04	0.6	0.24	-0.05	0.56	-0.06		GNFT
	WFCF	SYRE	ARDX	INBX	APAM	VCSA	GNFT

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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

VCSA	+ 0.67	ARDX
GNFT	+ 0.6	SYRE
APAM	+ 0.59	SYRE
GNFT	+ 0.56	APAM
SYRE	+ 0.51	WFCF
INBX	+ 0.43	SYRE

High negative correlations

VCSA	- 0.48	SYRE
VCSA	- 0.47	INBX
INBX	- 0.42	ARDX
VCSA	- 0.29	WFCF
ARDX	- 0.26	WFCF
VCSA	- 0.24	APAM

Risk-Adjusted Indicators

There is a big difference between Knife Stock performing well and Knife River 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 Knife River'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
WFCF	1.87	0.04	0.00	(0.02)	0.00	0.00	3.30	(4.76)	17.84
SYRE	3.00	(0.40)	0.00	(0.39)	0.00	0.00	5.29	(7.99)	16.98
ARDX	3.15	0.25	0.05	0.08	4.21	(3.59)	8.32	(5.22)	27.51
INBX	2.51	0.02	0.00	(0.07)	0.00	0.00	5.73	(5.63)	16.41
APAM	1.46	(0.08)	0.00	(0.16)	0.00	0.00	2.39	(3.39)	9.44
VCSA	2.37	0.56	0.20	1.70	2.28	(3.24)	5.69	(5.88)	31.66
GNFT	2.51	(0.15)	0.00	0.19	0.00	0.00	6.43	(6.05)	15.06

Knife River Corporate Management

Karl Liepitz	Chief VP	Profile
Nancy Christenson	Vice Administration	Profile
Jeremy Stover	Vice Region	Profile
Tony Spilde	Senior Communications	Profile

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