Kimball Electronics Correlations

KE Stock

USD 17.51 0.18 1.04%

The current 90-days correlation between Kimball Electronics and Jack Henry Associates is 0.31 (i.e., Weak diversification). The correlation of Kimball Electronics 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.

Kimball Electronics Correlation With Market

Very weak diversification

The correlation between Kimball Electronics and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kimball Electronics 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 Kimball Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade Kimball Stock refer to our How to Trade Kimball Stock guide.

Moving together with Kimball Stock

0.63	DM	Desktop Metal	Pair Corr
0.91	UUU	Universal Security	Pair Corr
0.95	VSH	Vishay Intertechnology	Pair Corr
0.83	IMTE	Integrated Media Tec	Pair Corr
0.85	KODK	Eastman Kodak	Pair Corr
0.69	LASR	nLIGHT Inc	Pair Corr
0.62	MOVE	Movano Inc	Pair Corr

Moving against Kimball Stock

0.89	MSI	Motorola Solutions	Pair Corr
0.82	NOK	Nokia Corp ADR	Pair Corr
0.79	ERIC	Telefonaktiebolaget Fiscal Year End 28th of January 2025	Pair Corr
0.57	EXTR	Extreme Networks	Pair Corr
0.5	EHGO	Eshallgo Class A	Pair Corr
0.37	FKWL	Franklin Wireless Corp	Pair Corr
0.85	JNPR	Juniper Networks	Pair Corr
0.74	INSG	Inseego Corp	Pair Corr
0.53	INFN	Infinera	Pair Corr
0.52	ZBRA	Zebra Technologies	Pair Corr
0.52	NTGR	NETGEAR	Pair Corr
0.38	BELFA	Bel Fuse A	Pair Corr
0.86	BKTI	BK Technologies	Pair Corr
0.63	CIEN	Ciena Corp Fiscal Year End 5th of December 2024	Pair Corr
0.57	PLUS	ePlus inc	Pair Corr
0.47	PLXS	Plexus Corp Fiscal Year End 23rd of October 2024	Pair Corr

Related Correlations Analysis

	CACI	JKHY	BR	EXLS	INFY	IT	SAIC	LDOS	PSN	CLVT
CACI		0.81	0.66	0.95	0.77	0.9	0.95	0.83	0.91	0.67	CACI
JKHY	0.81		0.6	0.81	0.67	0.79	0.88	0.8	0.64	0.63	JKHY
BR	0.66	0.6		0.66	0.61	0.69	0.59	0.32	0.62	0.34	BR
EXLS	0.95	0.81	0.66		0.79	0.86	0.94	0.82	0.84	0.7	EXLS
INFY	0.77	0.67	0.61	0.79		0.78	0.76	0.59	0.61	0.81	INFY
IT	0.9	0.79	0.69	0.86	0.78		0.9	0.64	0.86	0.64	IT
SAIC	0.95	0.88	0.59	0.94	0.76	0.9		0.86	0.86	0.68	SAIC
LDOS	0.83	0.8	0.32	0.82	0.59	0.64	0.86		0.64	0.66	LDOS
PSN	0.91	0.64	0.62	0.84	0.61	0.86	0.86	0.64		0.41	PSN
CLVT	0.67	0.63	0.34	0.7	0.81	0.64	0.68	0.66	0.41		CLVT
	CACI	JKHY	BR	EXLS	INFY	IT	SAIC	LDOS	PSN	CLVT

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Risk-Adjusted Indicators

There is a big difference between Kimball Stock performing well and Kimball Electronics 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 Kimball Electronics' 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
CACI	0.77	0.19	0.11	0.34	0.96	(0.80)	1.57	(2.00)	5.79
JKHY	1.01	0.10	0.05	0.26	1.07	(1.18)	2.03	(1.75)	5.80
BR	0.91	0.03	0.01	0.15	1.07	(0.99)	2.07	(1.54)	7.85
EXLS	1.06	0.23	0.13	0.39	1.25	(1.24)	2.48	(1.51)	10.35
INFY	1.08	0.18	0.09	0.36	1.32	(1.16)	2.56	(2.38)	12.83
IT	1.07	0.07	0.08	0.16	1.12	(1.20)	2.51	(2.06)	10.48
SAIC	0.96	0.25	0.18	0.39	0.94	(1.07)	2.12	(1.90)	7.30
LDOS	0.86	0.14	0.06	0.37	1.17	(0.88)	2.04	(1.88)	7.18
PSN	1.30	0.37	0.26	0.65	0.80	(1.50)	3.01	(1.83)	21.49
CLVT	2.32	0.08	0.05	0.15	3.06	(2.55)	4.12	(4.21)	19.71

Kimball Electronics Corporate Management

Isabel Wells	Chief Officer	Profile
Andrew Regrut	Treasurer Officer	Profile
Jessica DeLorenzo	Vice Resources	Profile
Douglas Hass	Chief Secretary	Profile
Adam Smith	Treasurer	Profile

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