KE vs WBUY: Correlation
How closely do Kimball Electronics, Inc. (KE) and WEBUY GLOBAL LTD. - Class A (WBUY) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KE and WBUY?
On 3 years of weekly data the KE/WBUY correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 3528.2 %².
By 3-year correlation, WBUY places #7 of the 18 assets tracked against KE. Their recent paths diverged sharply: over the last 12 months KE outperformed by 57.6 percentage points (-15.0% for KE against -72.6% for WBUY). Note the risk asymmetry: WBUY runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KE vs WBUY: side by side
| KE (Kimball Electronics, Inc.) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -15.0% | -72.6% |
| 5-year return | +0.6% | n/a |
| Volatility (ann.) | 42.0% | 193.8% |
| Beta vs S&P 500 | 1.22 | 1.81 |
| Max drawdown (3Y) | -58.5% | -99.9% |
| Market cap | $0.6B | – |
| P/E (trailing) | 21.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KE | WBUY |
|---|---|---|
| 2022 | +3.8% | – |
| 2023 | +19.3% | – |
| 2024 | -30.5% | -66.1% |
| 2025 | +48.5% | -93.7% |
| 2026 | -13.4% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KE and WBUY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KE and WBUY?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is WBUY a good diversifier for KE?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KE correlations · WBUY correlations
