Eltek Correlations

ELTK Stock

USD 10.27 0.03 0.29%

The current 90-days correlation between Eltek and Richardson Electronics is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eltek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eltek moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eltek Correlation With Market

Significant diversification

The correlation between Eltek and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eltek and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eltek Stock

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.

Moving together with Eltek Stock

0.87	CDW	CDW Corp	Pair Corr
0.75	LPL	LG Display Earnings Call This Week	Pair Corr
0.7	VSH	Vishay Intertechnology	Pair Corr
0.76	LASR	nLIGHT Inc	Pair Corr
0.77	LITE	Lumentum Holdings	Pair Corr
0.79	NTGR	NETGEAR	Pair Corr
0.65	RGTIW	Rigetti Computing Trending	Pair Corr
0.7	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.65	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.62	RGTI	Rigetti Computing Trending	Pair Corr
0.66	AAOI	Applied Opt	Pair Corr
0.8	AVNW	Aviat Networks	Pair Corr
0.81	CIEN	Ciena Corp	Pair Corr
0.67	CRNT	Ceragon Networks	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.67	MI	NFT Limited	Pair Corr
0.74	MU	Micron Technology	Pair Corr
0.71	MX	MagnaChip Semiconductor	Pair Corr
0.65	ON	ON Semiconductor	Pair Corr
0.81	VRRM	Verra Mobility Corp	Pair Corr
0.82	ADI	Analog Devices	Pair Corr
0.68	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.74	ARM	Arm Holdings plc	Pair Corr
0.69	FRGE	Forge Global Holdings	Pair Corr
0.76	GFS	Globalfoundries	Pair Corr

Moving against Eltek Stock

0.54	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.33	VIAV	Viavi Solutions	Pair Corr
0.43	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	MEI	OSIS	BELFA	RELL	BHE	PLXS	LYTS	LPTH	LINK	SGMA
MEI		0.72	0.59	0.67	0.58	0.75	0.54	0.62	0.16	0.71	MEI
OSIS	0.72		0.3	0.62	0.3	0.66	0.42	0.45	-0.04	0.52	OSIS
BELFA	0.59	0.3		0.8	0.84	0.75	0.87	0.77	0.61	0.61	BELFA
RELL	0.67	0.62	0.8		0.8	0.93	0.84	0.76	0.5	0.65	RELL
BHE	0.58	0.3	0.84	0.8		0.82	0.76	0.71	0.58	0.62	BHE
PLXS	0.75	0.66	0.75	0.93	0.82		0.82	0.82	0.41	0.76	PLXS
LYTS	0.54	0.42	0.87	0.84	0.76	0.82		0.74	0.55	0.62	LYTS
LPTH	0.62	0.45	0.77	0.76	0.71	0.82	0.74		0.46	0.82	LPTH
LINK	0.16	-0.04	0.61	0.5	0.58	0.41	0.55	0.46		0.33	LINK
SGMA	0.71	0.52	0.61	0.65	0.62	0.76	0.62	0.82	0.33		SGMA
	MEI	OSIS	BELFA	RELL	BHE	PLXS	LYTS	LPTH	LINK	SGMA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.93	RELL
LYTS	+ 0.87	BELFA
BHE	+ 0.84	BELFA
LYTS	+ 0.84	RELL
PLXS	+ 0.82	BHE
LYTS	+ 0.82	PLXS

High negative correlations

LINK

- 0.04

OSIS

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MEI	2.63	0.16	0.04	0.23	5.16	(2.57)	5.59	(3.57)	33.90
OSIS	1.55	0.02	0.01	0.15	2.30	(1.47)	3.22	(3.17)	17.06
BELFA	2.20	0.30	0.15	0.32	1.96	(2.46)	4.98	(3.59)	13.68
RELL	1.89	0.07	0.05	0.18	2.02	(2.08)	3.89	(3.43)	10.26
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
PLXS	1.11	0.04	0.02	0.18	1.09	(1.27)	2.47	(2.10)	6.55
LYTS	1.39	(0.01)	0.00	0.12	2.01	(1.39)	3.27	(2.81)	8.66
LPTH	3.56	1.00	0.23	7.09	3.17	(4.55)	9.13	(5.28)	23.40
LINK	4.67	0.63	0.09	1.89	5.51	(5.05)	11.72	(9.60)	38.63
SGMA	5.79	2.69	0.37	(0.76)	3.25	(9.28)	11.51	(4.96)	131.24

Eltek Corporate Management

Eli Yaffe	Chief Officer	Profile
Shlomi Kisluk	Vice Assurance	Profile
Oriel Sallary	Vice Marketing	Profile
Itzik Zemach	Vice Operations	Profile
Ron Freund	Chief Officer	Profile
Ifat Atzitz	HR Manager	Profile
Sagi Balter	Vice Technology	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC