IMKTA vs KMT: Correlation
Ingles Markets, Incorporated (IMKTA) and Kennametal Inc. (KMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMKTA and KMT?
On 3 years of weekly data the IMKTA/KMT correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 458.4 %².
In IMKTA's tracked universe of 13 assets, KMT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with KMT ahead by 20.8 points (+22.5% versus +43.3%).
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.
IMKTA vs KMT: side by side
| IMKTA (Ingles Markets, Incorporated) | KMT (Kennametal Inc.) | |
|---|---|---|
| 1-year return | +22.5% | +43.3% |
| 5-year return | +28.3% | -6.6% |
| Volatility (ann.) | 24.9% | 33.9% |
| Beta vs S&P 500 | 0.17 | 0.73 |
| Max drawdown (3Y) | -32.0% | -42.9% |
| Market cap | $1.6B | $2.3B |
| P/E (trailing) | 15.2 | 6.8 |
| Dividend yield | 0.79% | 2.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMKTA | KMT |
|---|---|---|
| 2022 | +12.6% | -31.0% |
| 2023 | -9.8% | +10.5% |
| 2024 | -24.7% | -3.9% |
| 2025 | +7.4% | +22.6% |
| 2026 | +20.7% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMKTA and KMT good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IMKTA and KMT?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.53 over the last year and 0.43 over 5 years.
Is KMT a good diversifier for IMKTA?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/imkta-vs-kmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/imkta-vs-kmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IMKTA correlations · KMT correlations
