MillerKnoll Correlations

MLKN Stock

USD 22.28 0.16 0.71%

The current 90-days correlation between MillerKnoll and Ethan Allen Interiors is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MillerKnoll moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MillerKnoll moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MillerKnoll Correlation With Market

Modest diversification

The correlation between MillerKnoll 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 MillerKnoll 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 MillerKnoll. 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.

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

Moving together with MillerKnoll Stock

0.64	BV	BrightView Holdings	Pair Corr
0.65	FA	First Advantage Corp	Pair Corr
0.62	NL	NL Industries Earnings Call Shortly	Pair Corr
0.77	VIRC	Virco Manufacturing	Pair Corr
0.67	VLTO	Veralto	Pair Corr
0.77	VSEC	VSE Corporation Earnings Call This Week	Pair Corr
0.89	HNI	HNI Corp	Pair Corr
0.85	EVGOW	EVgo Equity Warrants	Pair Corr
0.79	RPAY	Repay Holdings Corp	Pair Corr
0.86	ACCO	Acco Brands	Pair Corr
0.67	TILE	Interface	Pair Corr
0.7	CTAS	Cintas	Pair Corr

Moving against MillerKnoll Stock

0.32	MG	Mistras Group Earnings Call This Week	Pair Corr
0.84	TOMZ	TOMI Environmental	Pair Corr
0.61	PYCR	Paycor HCM Sell-off Trend	Pair Corr
0.74	AS	Amer Sports,	Pair Corr
0.62	TM	Toyota Motor	Pair Corr
0.6	EM	Smart Share Global	Pair Corr
0.4	SN	SharkNinja,	Pair Corr
0.34	WH	Wyndham Hotels Resorts	Pair Corr

Related Correlations Analysis

	BSET	ETD	NTZ	FLXS	KBAL	LZB	MHK	AMWD	MBC
BSET		0.49	0.27	-0.13	0.0	0.44	0.12	-0.07	0.04	BSET
ETD	0.49		0.27	0.43	0.0	0.7	0.5	0.36	0.62	ETD
NTZ	0.27	0.27		-0.36	0.0	0.54	0.2	-0.12	0.48	NTZ
FLXS	-0.13	0.43	-0.36		0.0	-0.11	0.45	0.74	0.15	FLXS
KBAL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	KBAL
LZB	0.44	0.7	0.54	-0.11	0.0		0.26	-0.1	0.63	LZB
MHK	0.12	0.5	0.2	0.45	0.0	0.26		0.82	0.66	MHK
AMWD	-0.07	0.36	-0.12	0.74	0.0	-0.1	0.82		0.38	AMWD
MBC	0.04	0.62	0.48	0.15	0.0	0.63	0.66	0.38		MBC
	BSET	ETD	NTZ	FLXS	KBAL	LZB	MHK	AMWD	MBC

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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

AMWD	+ 0.82	MHK
AMWD	+ 0.74	FLXS
LZB	+ 0.7	ETD
MBC	+ 0.66	MHK
MBC	+ 0.63	LZB
MBC	+ 0.62	ETD

High negative correlations

FLXS	- 0.36	NTZ
FLXS	- 0.13	BSET
AMWD	- 0.12	NTZ
LZB	- 0.11	FLXS
AMWD	- 0.1	LZB
AMWD	- 0.07	BSET

Risk-Adjusted Indicators

There is a big difference between MillerKnoll Stock performing well and MillerKnoll 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 MillerKnoll'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
BSET	1.40	0.04	0.02	0.05	1.87	(1.51)	3.70	(3.13)	8.05
ETD	1.26	(0.07)	0.00	(0.12)	0.00	0.00	1.94	(2.52)	13.74
NTZ	3.11	0.23	0.06	0.14	3.45	(3.84)	7.22	(6.78)	24.28
FLXS	2.77	(0.29)	0.00	(0.18)	0.00	0.00	4.88	(5.46)	37.91
KBAL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LZB	1.37	0.07	0.03	0.08	1.99	(1.29)	3.18	(4.17)	9.41
MHK	1.38	(0.25)	0.00	(0.27)	0.00	0.00	2.91	(3.31)	8.27
AMWD	1.25	(0.39)	0.00	(0.38)	0.00	0.00	2.49	(3.51)	6.48
MBC	1.54	(0.28)	0.00	(0.32)	0.00	0.00	3.16	(3.85)	10.11

MillerKnoll Corporate Management

Jeffrey Kurburski	Chief Officer	Profile
Jacqueline Rice	General Secretary	Profile
Richard Scott	Chief Officer	Profile
Bruce Watson	Chief Officer	Profile

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