Methode Electronics Correlations
| MEI Stock | USD 12.22 0.09 0.74% |
The correlation of Methode Electronics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Methode Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Methode Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Methode Electronics and NYA is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Methode Electronics and NYA in the same portfolio, assuming nothing else is changed.
Methode |
The ability to find closely correlated positions to Methode Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Methode Electronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Methode Electronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Methode Electronics to buy it.
Moving together with Methode Stock
| 0.71 | LPL | LG Display Financial Report 20th of May 2024 | PairCorr |
| 0.8 | ZEPP | Zepp Health Corp | PairCorr |
| 0.66 | IMTE | Integrated Media Tec Tech Boost | PairCorr |
| 0.7 | LASR | nLIGHT Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.8 | NTIP | Network 1 Technologies | PairCorr |
| 0.83 | AAPL | Apple Inc Earnings Call This Week | PairCorr |
| 0.71 | BOXL | Boxlight Corp Class Financial Report 8th of May 2024 | PairCorr |
Moving against Methode Stock
| 0.9 | CLRO | ClearOne | PairCorr |
| 0.79 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
| 0.68 | KULR | KULR Technology Group Financial Report 20th of May 2024 | PairCorr |
| 0.55 | CDW | CDW Corp Financial Report 1st of May 2024 | PairCorr |
| 0.55 | DGII | Digi International Earnings Call This Week | PairCorr |
| 0.46 | MINM | Minim Inc Financial Report 11th of November 2024 | PairCorr |
Related Correlations Analysis
| -0.35 | 0.38 | -0.17 | -0.11 | RELL | ||
| -0.35 | -0.7 | 0.4 | -0.69 | LINK | ||
| 0.38 | -0.7 | -0.24 | 0.64 | OUST | ||
| -0.17 | 0.4 | -0.24 | -0.45 | HOLO | ||
| -0.11 | -0.69 | 0.64 | -0.45 | DAKT | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Methode Stock performing well and Methode Electronics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Methode Electronics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RELL | 1.79 | (0.13) | 0.00 | (0.02) | 0.00 | 3.26 | 24.10 | |||
| LINK | 3.21 | (0.49) | 0.00 | (0.54) | 0.00 | 6.43 | 19.83 | |||
| OUST | 4.56 | 0.54 | 0.17 | 0.22 | 4.03 | 15.91 | 43.60 | |||
| HOLO | 41.44 | 15.08 | 1.00 | 1.21 | 14.44 | 59.44 | 1,167 | |||
| DAKT | 1.88 | 0.13 | 0.07 | 0.15 | 2.24 | 3.56 | 14.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Methode Electronics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Methode Electronics Corporate Directors
Methode Electronics corporate directors refer to members of a Methode Electronics board of directors. The board of directors generally takes responsibility for the Methode Electronics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Methode Electronics' board members must vote for the resolution. The Methode Electronics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brian Cadwallader | Independent Director | Profile | |
| Mary Lindsey | Independent Director | Profile | |
| Warren Batts | Independent Director | Profile | |
| Angelo Pantaleo | Independent Director | Profile |
Already Invested in Methode Electronics?
The danger of trading Methode Electronics is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Methode Electronics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Methode Electronics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Methode Electronics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Methode Electronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Methode Electronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Methode Electronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Methode Electronics Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methode Electronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For more detail on how to invest in Methode Stock please use our How to Invest in Methode Electronics guide.Note that the Methode Electronics information on this page should be used as a complementary analysis to other Methode Electronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Methode Stock analysis
When running Methode Electronics' price analysis, check to measure Methode Electronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Methode Electronics is operating at the current time. Most of Methode Electronics' value examination focuses on studying past and present price action to predict the probability of Methode Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Methode Electronics' price. Additionally, you may evaluate how the addition of Methode Electronics to your portfolios can decrease your overall portfolio volatility.
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Is Methode Electronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Methode Electronics. If investors know Methode will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Methode Electronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.97) | Dividend Share 0.56 | Earnings Share (1.63) | Revenue Per Share 31.999 | Quarterly Revenue Growth (0.07) |
The market value of Methode Electronics is measured differently than its book value, which is the value of Methode that is recorded on the company's balance sheet. Investors also form their own opinion of Methode Electronics' value that differs from its market value or its book value, called intrinsic value, which is Methode Electronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Methode Electronics' market value can be influenced by many factors that don't directly affect Methode Electronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Methode Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Methode Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Methode Electronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.