Jabil Circuit Correlations

JBL Stock

USD 229.16 8.32 3.77%

The current 90-days correlation between Jabil Circuit and Celestica is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jabil Circuit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jabil Circuit moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jabil Circuit Correlation With Market

Very weak diversification

The correlation between Jabil Circuit and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jabil Circuit and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jabil Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jabil Circuit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Jabil Stock please use our How to buy in Jabil Stock guide.

Moving together with Jabil Stock

0.91	LPL	LG Display Earnings Call Today	Pair Corr
0.92	VSH	Vishay Intertechnology	Pair Corr
0.74	GILT	Gilat Satellite Networks	Pair Corr
0.9	LASR	nLIGHT Inc	Pair Corr
0.95	LITE	Lumentum Holdings	Pair Corr
0.68	RGTIW	Rigetti Computing Downward Rally	Pair Corr
0.69	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.92	QUBT	Quantum Computing Downward Rally	Pair Corr
0.97	RDWR	Radware Earnings Call This Week	Pair Corr
0.69	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.96	AAOI	Applied Opt	Pair Corr
0.86	ADTN	ADTRAN Inc	Pair Corr
0.93	AVNW	Aviat Networks	Pair Corr
0.66	CIEN	Ciena Corp	Pair Corr
0.69	CRNT	Ceragon Networks	Pair Corr
0.95	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.92	MU	Micron Technology	Pair Corr
0.83	MX	MagnaChip Semiconductor	Pair Corr
0.94	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.87	VRRM	Verra Mobility Corp	Pair Corr
0.82	ENLV	Enlivex Therapeutics	Pair Corr
0.66	ENTG	Entegris Earnings Call This Week	Pair Corr
0.92	ADI	Analog Devices	Pair Corr
0.96	AMD	Advanced Micro Devices	Pair Corr
0.94	ARM	Arm Holdings plc Earnings Call This Week	Pair Corr
0.9	FRGE	Forge Global Holdings	Pair Corr
0.81	GFS	Globalfoundries	Pair Corr

Moving against Jabil Stock

0.69	QMCO	Quantum	Pair Corr
0.47	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.73	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	SANM	CLS	PLXS	FN	BHE	FLEX	VICR	MEI	OSIS	TEL
SANM		0.97	0.86	0.96	0.87	0.97	0.33	0.51	0.32	0.87	SANM
CLS	0.97		0.88	0.98	0.84	0.99	0.23	0.59	0.4	0.92	CLS
PLXS	0.86	0.88		0.85	0.82	0.91	0.19	0.69	0.6	0.89	PLXS
FN	0.96	0.98	0.85		0.81	0.98	0.23	0.56	0.37	0.91	FN
BHE	0.87	0.84	0.82	0.81		0.82	0.65	0.51	0.25	0.73	BHE
FLEX	0.97	0.99	0.91	0.98	0.82		0.18	0.6	0.47	0.95	FLEX
VICR	0.33	0.23	0.19	0.23	0.65	0.18		-0.03	-0.41	0.04	VICR
MEI	0.51	0.59	0.69	0.56	0.51	0.6	-0.03		0.69	0.59	MEI
OSIS	0.32	0.4	0.6	0.37	0.25	0.47	-0.41	0.69		0.61	OSIS
TEL	0.87	0.92	0.89	0.91	0.73	0.95	0.04	0.59	0.61		TEL
	SANM	CLS	PLXS	FN	BHE	FLEX	VICR	MEI	OSIS	TEL

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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

FLEX	+ 0.99	CLS
FN	+ 0.98	CLS
FLEX	+ 0.98	FN
CLS	+ 0.97	SANM
FLEX	+ 0.97	SANM
FN	+ 0.96	SANM

High negative correlations

OSIS	- 0.41	VICR
MEI	- 0.03	VICR

Risk-Adjusted Indicators

There is a big difference between Jabil Stock performing well and Jabil Circuit 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 Jabil Circuit'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
SANM	1.42	0.26	0.16	0.43	1.44	(1.68)	2.86	(2.48)	8.16
CLS	2.33	0.89	0.39	1.09	1.80	(3.00)	5.50	(3.75)	14.13
PLXS	1.12	(0.02)	(0.02)	0.15	1.14	(1.26)	2.47	(2.10)	7.11
FN	2.04	0.47	0.24	0.46	1.97	(2.47)	5.54	(2.81)	13.79
BHE	1.44	0.00	0.01	0.17	2.93	(1.57)	3.22	(1.98)	18.09
FLEX	1.47	0.63	0.52	0.74	0.41	(1.89)	4.64	(1.58)	9.10
VICR	1.99	(0.21)	(0.03)	0.01	4.91	(1.75)	3.56	(3.23)	29.23
MEI	2.65	0.13	0.04	0.25	5.15	(2.57)	5.54	(3.61)	33.98
OSIS	1.54	0.05	0.02	0.22	2.26	(1.50)	3.22	(3.17)	17.06
TEL	0.98	0.52	0.31	(5.34)	0.41	(1.17)	2.44	(1.65)	7.51

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