MillerKnoll Correlations

MLKN Stock

USD 22.80 0.33 1.47%

The current 90-days correlation between MillerKnoll and Ethan Allen Interiors is 0.52 (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

Average diversification

The correlation between MillerKnoll and DJI is 0.13 (i.e., Average 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

0.68	BV	BrightView Holdings	Pair Corr
0.69	FA	First Advantage Corp	Pair Corr
0.69	WM	Waste Management	Pair Corr
0.7	VIRC	Virco Manufacturing	Pair Corr
0.75	VLTO	Veralto Earnings Call This Week	Pair Corr
0.63	VRSK	Verisk Analytics	Pair Corr
0.79	VSEC	VSE Corporation	Pair Corr
0.85	ABM	ABM Industries	Pair Corr
0.72	RBA	RB Global	Pair Corr
0.75	RTO	Rentokil Initial PLC	Pair Corr

Moving against MillerKnoll Stock

0.5	LNZA	LanzaTech Global	Pair Corr
0.61	SMXWW	SMX Public Limited	Pair Corr
0.6	OMEX	Odyssey Marine Explo	Pair Corr
0.32	PYCR	Paycor HCM	Pair Corr

Related Correlations Analysis

	BSET	ETD	NTZ	FLXS	KBAL	LZB	MHK	AMWD	MBC
BSET		0.56	-0.09	0.5	0.1	0.1	0.68	0.64	0.45	BSET
ETD	0.56		0.17	0.5	-0.02	0.51	0.35	0.27	0.36	ETD
NTZ	-0.09	0.17		-0.38	0.19	0.65	-0.33	-0.59	-0.13	NTZ
FLXS	0.5	0.5	-0.38		-0.09	-0.21	0.44	0.59	0.24	FLXS
KBAL	0.1	-0.02	0.19	-0.09		0.35	-0.27	-0.21	-0.29	KBAL
LZB	0.1	0.51	0.65	-0.21	0.35		-0.3	-0.46	-0.27	LZB
MHK	0.68	0.35	-0.33	0.44	-0.27	-0.3		0.89	0.76	MHK
AMWD	0.64	0.27	-0.59	0.59	-0.21	-0.46	0.89		0.62	AMWD
MBC	0.45	0.36	-0.13	0.24	-0.29	-0.27	0.76	0.62		MBC
	BSET	ETD	NTZ	FLXS	KBAL	LZB	MHK	AMWD	MBC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	+ 0.89	MHK
MBC	+ 0.76	MHK
MHK	+ 0.68	BSET
LZB	+ 0.65	NTZ
AMWD	+ 0.64	BSET
MBC	+ 0.62	AMWD

High negative correlations

AMWD	- 0.59	NTZ
AMWD	- 0.46	LZB
FLXS	- 0.38	NTZ
MHK	- 0.33	NTZ
MHK	- 0.3	LZB
MBC	- 0.29	KBAL

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	1.36	0.06	0.00	0.36	1.71	(1.54)	3.38	(2.79)	9.95
ETD	1.27	0.14	0.03	1.27	1.58	(1.35)	2.30	(2.19)	7.79
NTZ	3.55	0.32	0.03	(0.30)	4.20	(4.16)	8.75	(6.78)	24.28
FLXS	1.66	(0.25)	0.00	(0.10)	0.00	0.00	2.85	(3.96)	13.66
KBAL	2.54	1.36	1.27	(1.27)	0.00	(3.12)	1.08	(0.89)	87.83
LZB	1.13	0.28	0.16	1.47	1.03	(1.26)	3.18	(2.06)	7.54
MHK	1.56	(0.31)	0.00	(0.41)	0.00	0.00	3.57	(3.52)	13.82
AMWD	1.53	(0.31)	0.00	(0.33)	0.00	0.00	2.68	(3.60)	14.74
MBC	1.52	(0.05)	0.00	0.60	0.00	0.00	3.18	(3.52)	11.57

MillerKnoll Corporate Management

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC