KE vs YTRA: Correlation
Measured on weekly returns over the past three years, Kimball Electronics, Inc. (KE) and Yatra Online, Inc. (YTRA) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KE and YTRA?
Over the past 3 years, KE and YTRA moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.36 over 3 years. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 846.0 %².
Among the 18 assets we track against KE, YTRA sits near the bottom by co-movement, at rank #14. Over the last 12 months KE came out ahead by 14.6 percentage points (-15.0% against -29.6%).
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 YTRA: side by side
| KE (Kimball Electronics, Inc.) | YTRA (Yatra Online, Inc.) | |
|---|---|---|
| 1-year return | -15.0% | -29.6% |
| 5-year return | +0.6% | -46.2% |
| Volatility (ann.) | 42.0% | 56.1% |
| Beta vs S&P 500 | 1.22 | 1.03 |
| Max drawdown (3Y) | -58.5% | -77.4% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 21.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KE | YTRA |
|---|---|---|
| 2022 | +3.8% | +39.3% |
| 2023 | +19.3% | -32.4% |
| 2024 | -30.5% | -22.7% |
| 2025 | +48.5% | +41.3% |
| 2026 | -13.4% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KE and YTRA good diversifiers for each other?
Reasonably. At 0.36, KE and YTRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KE and YTRA?
As of 2026-08-27, the correlation of weekly returns between KE and YTRA is 0.36 over 3 years, 0.11 over 1 year and 0.32 over 5 years.
Is YTRA a good diversifier for KE?
Reasonably. At 0.36, KE and YTRA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: KE correlations · YTRA correlations
