KRNT vs MSB: Correlation
Measured on weekly returns over the past three years, Kornit Digital Ltd. (KRNT) and Mesabi Trust (MSB) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNT and MSB?
Over the past 3 years, KRNT and MSB moved with a correlation of 0.38, which is moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 803.8 %².
MSB is close to the least connected end of KRNT's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with KRNT ahead by 35.3 points (+12.1% versus -23.2%).
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.
KRNT vs MSB: side by side
| KRNT (Kornit Digital Ltd.) | MSB (Mesabi Trust) | |
|---|---|---|
| 1-year return | +12.1% | -23.2% |
| 5-year return | -87.2% | +19.2% |
| Volatility (ann.) | 53.2% | 39.9% |
| Beta vs S&P 500 | 2.06 | 0.92 |
| Max drawdown (3Y) | -62.6% | -45.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | 27.4 |
| Dividend yield | 0.00% | 4.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRNT | MSB |
|---|---|---|
| 2022 | -84.9% | -22.8% |
| 2023 | -16.6% | +15.6% |
| 2024 | +61.5% | +47.0% |
| 2025 | -53.5% | +71.9% |
| 2026 | +17.7% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNT and MSB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KRNT and MSB?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.30 over the last year and 0.16 over 5 years.
Is MSB a good diversifier for KRNT?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 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/krnt-vs-msb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krnt-vs-msb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRNT correlations · MSB correlations
