Meiko Electronics Correlations

Stocks . Germany . 
Stock . Meiko Electronics Co
MEC Stock  EUR 56.50  1.00  1.80%   
The current 90-days correlation between Meiko Electronics and Jabil Inc is 0.14 (i.e., Average diversification). The correlation of Meiko 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Meiko Electronics Correlation With Market

Good diversification

The correlation between Meiko Electronics Co and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meiko Electronics Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Meiko 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 Meiko 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 Meiko 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 Meiko Electronics Co to buy it.

Moving together with Meiko Stock

  0.8JBL Jabil IncPairCorr
  0.88PX4 Plexus CorpPairCorr
  0.87TT1 TTM TechnologiesPairCorr
  0.81BMU Benchmark ElectronicsPairCorr
  0.89G8L GREENLIGHT CAP REPairCorr
  0.93EMR EMERSON ELECTRICPairCorr
  0.89ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.67117 Arista Networks SplitPairCorr
  0.94UFH US Foods HoldingPairCorr
  0.878CF CLOUDFLARE INC APairCorr
  0.88BKJ Brinker InternationalPairCorr
  0.61IBM International BusinessPairCorr
  0.83BLQA BlackRockPairCorr
  0.851DH Clarkson PLCPairCorr

Moving against Meiko Stock

  0.95NVPA KCE EL PCLPairCorr
  0.88AUS AT S AustriaPairCorr
  0.76HX1A PT Hexindo AdiperkasaPairCorr
  0.52IBI Ibiden CoLtdPairCorr
  0.51BMI BP Prudhoe BayPairCorr
  0.48ADX ACANTHE DEVELOPPEMPairCorr
  0.31HAA1 Hana MicroelectronicsPairCorr
  0.71CHK China Resources BeerPairCorr
  0.71LHL1 Lenovo Group LimitedPairCorr
  0.49CKS2 GOME Retail HoldingsPairCorr

Related Correlations Analysis

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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   
TT1
+ 0.97
PX4
TT1
+ 0.92
JBL
PX4
+ 0.91
JBL
MEC
+ 0.88
PX4
MEC
+ 0.87
TT1
MEC
+ 0.8
JBL
  
High negative correlations   
MEC
- 0.95
NVPA
TT1
- 0.93
NVPA
NVPA
- 0.92
PX4
NVPA
- 0.87
JBL
HAA1
- 0.38
TT1
HAA1
- 0.34
PX4

Risk-Adjusted Indicators

There is a big difference between Meiko Stock performing well and Meiko 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 Meiko 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Meiko 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.

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Meiko Electronics Corporate Management

Elected by the shareholders, the Meiko Electronics' board of directors comprises two types of representatives: Meiko Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Meiko. The board's role is to monitor Meiko Electronics' management team and ensure that shareholders' interests are well served. Meiko 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, Meiko Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
Masakuni ShinozakiGM OfficerProfile
Shigeru NayaGM DirectorProfile
Yuichiro NayaPres CEOProfile
Junya WadaSr DirectorProfile
Yoshihito KikyoGM OfficerProfile
Atsushi SakateManaging DirectorProfile
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