Interlink Electronics Correlations

LINK Stock

USD 7.80 0.04 0.51%

The current 90-days correlation between Interlink Electronics and Methode Electronics is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Interlink Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Interlink Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Interlink Electronics Correlation With Market

Significant diversification

The correlation between Interlink Electronics and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interlink Electronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Interlink Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Interlink Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Interlink Stock

0.66	VIAV	Viavi Solutions	Pair Corr
0.66	GILT	Gilat Satellite Networks	Pair Corr
0.7	ADTN	ADTRAN Inc	Pair Corr

Moving against Interlink Stock

0.45	QMCO	Quantum	Pair Corr
0.39	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	MEI	BELFA	CTS	HOLO	PLXS	OSIS	BHE	LYTS	SANM	CLS
MEI		0.59	0.82	-0.75	0.75	0.72	0.58	0.54	0.6	0.68	MEI
BELFA	0.59		0.66	-0.5	0.75	0.3	0.84	0.87	0.93	0.91	BELFA
CTS	0.82	0.66		-0.78	0.93	0.74	0.75	0.69	0.73	0.76	CTS
HOLO	-0.75	-0.5	-0.78		-0.79	-0.79	-0.47	-0.53	-0.63	-0.73	HOLO
PLXS	0.75	0.75	0.93	-0.79		0.66	0.82	0.82	0.86	0.89	PLXS
OSIS	0.72	0.3	0.74	-0.79	0.66		0.3	0.42	0.4	0.47	OSIS
BHE	0.58	0.84	0.75	-0.47	0.82	0.3		0.76	0.87	0.84	BHE
LYTS	0.54	0.87	0.69	-0.53	0.82	0.42	0.76		0.88	0.87	LYTS
SANM	0.6	0.93	0.73	-0.63	0.86	0.4	0.87	0.88		0.97	SANM
CLS	0.68	0.91	0.76	-0.73	0.89	0.47	0.84	0.87	0.97		CLS
	MEI	BELFA	CTS	HOLO	PLXS	OSIS	BHE	LYTS	SANM	CLS

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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

CLS	+ 0.97	SANM
SANM	+ 0.93	BELFA
PLXS	+ 0.93	CTS
CLS	+ 0.91	BELFA
CLS	+ 0.89	PLXS
SANM	+ 0.88	LYTS

High negative correlations

OSIS	- 0.79	HOLO
PLXS	- 0.79	HOLO
HOLO	- 0.78	CTS
HOLO	- 0.75	MEI
CLS	- 0.73	HOLO
SANM	- 0.63	HOLO

Risk-Adjusted Indicators

There is a big difference between Interlink Stock performing well and Interlink 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 Interlink 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
MEI	2.63	0.16	0.04	0.23	5.16	(2.57)	5.59	(3.57)	33.90
BELFA	2.20	0.30	0.15	0.32	1.96	(2.46)	4.98	(3.59)	13.68
CTS	1.51	0.00	0.02	0.13	1.58	(1.78)	3.09	(2.78)	9.74
HOLO	8.07	(1.30)	0.00	(0.85)	0.00	0.00	14.40	(19.55)	107.57
PLXS	1.11	0.04	0.02	0.18	1.09	(1.27)	2.47	(2.10)	6.55
OSIS	1.55	0.02	0.01	0.15	2.30	(1.47)	3.22	(3.17)	17.06
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
LYTS	1.39	(0.01)	0.00	0.12	2.01	(1.39)	3.27	(2.81)	8.66
SANM	1.42	0.31	0.19	0.44	1.41	(1.69)	2.86	(2.48)	8.16
CLS	2.31	0.94	0.43	1.04	1.72	(3.01)	5.50	(3.40)	14.13

Interlink Electronics Corporate Executives

Elected by the shareholders, the Interlink Electronics' board of directors comprises two types of representatives: Interlink Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Interlink. The board's role is to monitor Interlink Electronics' management team and ensure that shareholders' interests are well served. Interlink Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Interlink Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Ryan Hoffman

CFO Secretary

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