Eltek Correlations

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

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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    PLXS + 0.78 BHE PLXS + 0.76 BELFA LYTS + 0.74 BELFA BHE + 0.73 BELFA BHE + 0.72 OSIS PLXS + 0.72 OSIS

High negative correlations    SGMA - 0.66 PLXS SGMA - 0.38 BELFA SGMA - 0.36 BHE LINK - 0.33 RELL LINK - 0.28 BELFA LINK - 0.21 LYTS

Risk-Adjusted Indicators

There is a big difference between Eltek Stock performing well and Eltek 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 Eltek's 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.