Knife River Correlations

KNF Stock

80.57 1.20 1.51%

The current 90-days correlation between Knife River and Sensient Technologies is 0.01 (i.e., Significant 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

Good diversification

The correlation between Knife River and DJI is -0.17 (i.e., Good 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.

Build AI portfolio with Knife Stock

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

0.66	LOMA	Loma Negra Compania	Pair Corr
0.76	RETO	ReTo Eco Solutions	Pair Corr

Moving against Knife Stock

0.86	B	Barrick Mining Earnings Call This Week	Pair Corr
0.83	AG	First Majestic Silver	Pair Corr
0.79	DC	Dakota Gold Corp	Pair Corr
0.78	IE	Ivanhoe Electric	Pair Corr
0.77	CAPT	Captivision Ordinary	Pair Corr
0.75	X	United States Steel	Pair Corr
0.69	AU	AngloGold Ashanti plc	Pair Corr
0.69	HL	Hecla Mining	Pair Corr
0.64	CPAC	Cementos Pacasmayo SAA Earnings Call This Week	Pair Corr
0.54	CC	Chemours Earnings Call This Week	Pair Corr
0.53	JHX	James Hardie Industries	Pair Corr
0.53	CF	CF Industries Holdings	Pair Corr
0.49	SMID	Smith Midland Corp	Pair Corr
0.49	DD	Dupont De Nemours	Pair Corr
0.46	CE	Celanese	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.38	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.37	FF	FutureFuel Corp	Pair Corr
0.88	SA	Seabridge Gold	Pair Corr
0.79	MP	MP Materials Corp Trending	Pair Corr
0.7	VAPE	Vape Holdings Symbol Change	Pair Corr
0.68	ALB-PA	Albemarle	Pair Corr
0.67	TX	Ternium SA ADR	Pair Corr
0.65	NG	NovaGold Resources	Pair Corr
0.65	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.64	OR	Osisko Gold Ro	Pair Corr
0.63	ALB	Albemarle Corp	Pair Corr
0.63	APD	Air Products	Pair Corr
0.63	ASM	Avino Silver Gold Downward Rally	Pair Corr
0.62	ELBM	Electra Battery Materials	Pair Corr

Related Correlations Analysis

	SXT	FSI	APD	ROG	LXFR	ARQ	PPG
SXT		0.82	0.86	0.81	0.82	0.82	0.89	SXT
FSI	0.82		0.88	0.63	0.74	0.87	0.76	FSI
APD	0.86	0.88		0.72	0.77	0.88	0.84	APD
ROG	0.81	0.63	0.72		0.91	0.71	0.92	ROG
LXFR	0.82	0.74	0.77	0.91		0.79	0.91	LXFR
ARQ	0.82	0.87	0.88	0.71	0.79		0.78	ARQ
PPG	0.89	0.76	0.84	0.92	0.91	0.78		PPG
	SXT	FSI	APD	ROG	LXFR	ARQ	PPG

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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
SXT	1.23	0.52	0.58	1.07	0.00	(1.58)	4.75	(1.08)	15.95
FSI	2.39	0.54	0.16	1.10	2.38	(2.70)	9.09	(3.33)	20.69
APD	1.02	0.00	0.00	0.14	1.07	(1.07)	2.01	(1.95)	5.20
ROG	1.74	0.09	0.05	0.20	2.16	(1.73)	3.83	(3.06)	13.93
LXFR	1.66	0.32	0.11	14.67	1.49	(1.92)	3.99	(2.70)	10.90
ARQ	3.09	0.83	0.18	9.41	3.31	(3.47)	7.53	(5.34)	24.20
PPG	1.28	0.04	0.04	0.16	1.41	(1.41)	2.58	(1.84)	10.13

Knife River Corporate Management

Karl Liepitz	Chief VP	Profile
Sarah Stevens	VP Officer	Profile
Nancy Christenson	Vice Administration	Profile
Jeremy Stover	Vice Region	Profile

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