Plexus Corp Correlations

Stocks Germany . 
Stock . Plexus Corp
PX4 Stock  EUR 154.00  3.00  1.99%   
The current 90-days correlation between Plexus Corp and KCE EL PCL is -0.03 (i.e., Good diversification). The correlation of Plexus Corp 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.

Plexus Corp Correlation With Market

Average diversification

The correlation between Plexus Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plexus Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Plexus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plexus Corp 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 Plexus Corp - 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 Plexus Corp to buy it.

Moving together with Plexus Stock

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  0.97TT1 TTM TechnologiesPairCorr
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  0.88MEC Meiko ElectronicsPairCorr
  0.61GQ9 SPDR Gold SharesPairCorr
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  0.94EMR EMERSON ELECTRICPairCorr
  0.72TC7 TIANDE CHEMICALPairCorr
  0.79G6G GrafTech InternationalPairCorr
  0.92ATR0 ATHENE HOLDING PRFSERCPairCorr
  0.73117 Arista Networks SplitPairCorr
  0.93UFH US Foods HoldingPairCorr
  0.868CF CLOUDFLARE INC APairCorr
  0.96BKJ Brinker InternationalPairCorr
  0.95BLQA BlackRockPairCorr
  0.741DH Clarkson PLCPairCorr

Moving against Plexus Stock

  0.92NVPA KCE EL PCLPairCorr
  0.87AUS AT S AustriaPairCorr
  0.87HX1A PT Hexindo AdiperkasaPairCorr
  0.48BMI BP Prudhoe BayPairCorr
  0.39ADX ACANTHE DEVELOPPEMPairCorr
  0.34HAA1 Hana MicroelectronicsPairCorr
  0.33IUR KAP AGPairCorr
  0.65LHL1 Lenovo Group LimitedPairCorr
  0.63CHK China Resources BeerPairCorr
  0.439RV REVLTNRY CNCPTPairCorr
  0.41CKS2 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 Plexus Stock performing well and Plexus Corp 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 Plexus Corp'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Plexus Corp 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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Plexus Corp Corporate Management

Elected by the shareholders, the Plexus Corp's board of directors comprises two types of representatives: Plexus Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Plexus. The board's role is to monitor Plexus Corp's management team and ensure that shareholders' interests are well served. Plexus Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Plexus Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Shawn HarrisonVP RelationsProfile
Jamie CrouseVP HRProfile
Heather BeresfordVP ServicesProfile
Todd KelseyCEO DirectorProfile
Steven FrischPres OfficerProfile
Angelo NinivaggiChief VPProfile
Ronald DarrochEx EMEAProfile
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