Knife River Corporation (KNF) — Stock Correlations & Overview
Over the past year, KNF has moved most closely with IR, RPM, JETU. Explore the stocks most correlated and inversely correlated with KNF below, along with its price, financials, and company profile.
Stocks correlated with KNF
Correlation of daily returns. Higher positive values move with KNF; negative values move opposite it. Informational only, not investment advice.
Most correlated with KNF
| Symbol | Company | Correlation |
|---|---|---|
| IR | Ingersoll Rand Inc. Common StockGENERAL INDUSTRIAL MACHINERY & EQUIPMENT | 0.54 |
| RPM | RPM International, Inc.PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODS | 0.54 |
| JETU | MAX Airlines 3x Leveraged ETNCOMMERCIAL BANKS, NEC | 0.54 |
| JETS | U.S. Global Jets ETF | 0.53 |
| FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 0.53 |
Most inversely correlated with KNF
| Symbol | Company | Correlation |
|---|---|---|
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.55 |
| MZZ | ProShares UltraShort MidCap400 | -0.47 |
| SBB | ProShares Short SmallCap600 | -0.47 |
| SMDD | ProShares UltraPro Short MidCap400 | -0.47 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.46 |
Frequently asked questions about KNF correlations
- Which stocks are most correlated with KNF?
- Based on one year of daily returns, the stocks most correlated with Knife River Corporation (KNF) are IR (0.54), RPM (0.54) and JETU (0.54). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with KNF?
- Over the past year, the stocks most inversely correlated with Knife River Corporation (KNF) are JETD (-0.55), MZZ (-0.47) and SBB (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these KNF correlations calculated?
- We compute the correlation of daily returns between KNF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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