Methode Electronics Correlations

MEI Stock

USD 6.62 0.13 1.93%

The current 90-days correlation between Methode Electronics and OSI Systems is 0.49 (i.e., Very weak diversification). The correlation of Methode 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.

Methode Electronics Correlation With Market

Weak diversification

The correlation between Methode Electronics and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Methode Electronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Methode Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methode 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 income.

For more detail on how to invest in Methode Stock please use our How to Invest in Methode Electronics guide.

Moving together with Methode Stock

0.78	LPL	LG Display Earnings Call This Week	Pair Corr
0.67	VSH	Vishay Intertechnology	Pair Corr
0.79	LASR	nLIGHT Inc	Pair Corr
0.7	LITE	Lumentum Holdings	Pair Corr
0.65	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.77	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.72	RDWR	Radware	Pair Corr
0.81	AVNW	Aviat Networks	Pair Corr
0.75	CRNT	Ceragon Networks	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.82	MU	Micron Technology	Pair Corr
0.71	MX	MagnaChip Semiconductor	Pair Corr
0.66	ON	ON Semiconductor	Pair Corr
0.78	VRRM	Verra Mobility Corp	Pair Corr
0.76	ADI	Analog Devices	Pair Corr
0.76	ARM	Arm Holdings plc	Pair Corr
0.76	FRGE	Forge Global Holdings	Pair Corr

Moving against Methode Stock

0.77	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.44	KODK	Eastman Kodak	Pair Corr
0.36	QMCO	Quantum	Pair Corr
0.6	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	SANM	BHE	OSIS	CLS	PLXS	BELFA	CTS	RELL
SANM		0.87	0.4	0.97	0.86	0.93	0.73	0.89	SANM
BHE	0.87		0.3	0.84	0.82	0.84	0.75	0.8	BHE
OSIS	0.4	0.3		0.47	0.66	0.3	0.74	0.62	OSIS
CLS	0.97	0.84	0.47		0.89	0.91	0.76	0.88	CLS
PLXS	0.86	0.82	0.66	0.89		0.75	0.93	0.93	PLXS
BELFA	0.93	0.84	0.3	0.91	0.75		0.66	0.8	BELFA
CTS	0.73	0.75	0.74	0.76	0.93	0.66		0.88	CTS
RELL	0.89	0.8	0.62	0.88	0.93	0.8	0.88		RELL
	SANM	BHE	OSIS	CLS	PLXS	BELFA	CTS	RELL

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Risk-Adjusted Indicators

There is a big difference between Methode Stock performing well and Methode 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 Methode 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
SANM	1.42	0.31	0.19	0.44	1.41	(1.69)	2.86	(2.48)	8.16
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
OSIS	1.55	0.02	0.01	0.15	2.30	(1.47)	3.22	(3.17)	17.06
CLS	2.31	0.94	0.43	1.04	1.72	(3.01)	5.50	(3.40)	14.13
PLXS	1.11	0.04	0.02	0.18	1.09	(1.27)	2.47	(2.10)	6.55
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
RELL	1.89	0.07	0.05	0.18	2.02	(2.08)	3.89	(3.43)	10.26

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