CLFD vs KN: Correlation
Clearfield, Inc. (CLFD) and Knowles Corporation (KN) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLFD and KN?
Across a 3-year window, the weekly returns of CLFD and KN correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 877.4 %².
Within CLFD's tracked universe of 12 assets, KN comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KN ahead by 70.4 points (-8.5% versus +61.9%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CLFD vs KN: side by side
| CLFD (Clearfield, Inc.) | KN (Knowles Corporation) | |
|---|---|---|
| 1-year return | -8.5% | +61.9% |
| 5-year return | -35.2% | +73.8% |
| Volatility (ann.) | 49.0% | 36.5% |
| Beta vs S&P 500 | 1.34 | 1.65 |
| Max drawdown (3Y) | -48.0% | -38.0% |
| Market cap | $0.4B | $3.0B |
| P/E (trailing) | 103.3 | 41.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLFD | KN |
|---|---|---|
| 2022 | +11.5% | -29.7% |
| 2023 | -69.1% | +9.1% |
| 2024 | +6.6% | +11.3% |
| 2025 | -6.0% | +7.5% |
| 2026 | +2.8% | +63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLFD and KN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLFD and KN?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.50 over the last year and 0.35 over 5 years.
Is KN a good diversifier for CLFD?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clfd-vs-kn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clfd-vs-kn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLFD correlations · KN correlations
