Richardson Electronics Correlations

RELL Stock

USD 8.74 0.22 2.46%

The current 90-days correlation between Richardson Electronics and Methode Electronics is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Richardson Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richardson Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Richardson Electronics Correlation With Market

Poor diversification

The correlation between Richardson Electronics and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Richardson Electronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Richardson Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richardson 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 bureau of economic analysis.

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

Moving together with Richardson Stock

0.87	EBON	Ebang International	Pair Corr
0.82	CDW	CDW Corp Earnings Call Tomorrow	Pair Corr
0.9	HPQ	HP Inc	Pair Corr
0.78	WDC	Western Digital	Pair Corr
0.81	KVHI	KVH Industries	Pair Corr
0.74	NTCT	NetScout Systems Earnings Call Tomorrow	Pair Corr
0.69	RDCM	Radcom	Pair Corr
0.84	AAPL	Apple Inc	Pair Corr
0.73	SSYS	Stratasys	Pair Corr
0.87	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.76	S	SentinelOne	Pair Corr
0.83	IT	Gartner Earnings Call Today	Pair Corr
0.84	KD	Kyndryl Holdings	Pair Corr
0.9	MU	Micron Technology Aggressive Push	Pair Corr
0.86	WAVE	Eco Wave Power	Pair Corr
0.81	EPAM	EPAM Systems Earnings Call Tomorrow	Pair Corr
0.76	AMD	Advanced Micro Devices Earnings Call Today	Pair Corr
0.85	DXC	DXC Technology	Pair Corr
0.81	IBM	International Business Sell-off Trend	Pair Corr
0.84	TDY	Teledyne Technologies	Pair Corr
0.79	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.84	VNT	Vontier Corp	Pair Corr
0.97	GROV	Virgin Group Acquisition Earnings Call This Week	Pair Corr
0.85	INFY	Infosys Ltd ADR	Pair Corr
0.71	LSAK	Lesaka Technologies	Pair Corr
0.88	ADNWW	Advent Technologies	Pair Corr
0.85	MKSI	MKS Instruments Earnings Call Today	Pair Corr
0.81	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.85	NOTE	FiscalNote Holdings Earnings Call Tomorrow	Pair Corr

Moving against Richardson Stock

0.55	MLGO	MicroAlgo	Pair Corr
0.51	300114	Zhonghang Electronic	Pair Corr
0.33	CENTUM	Centum Electronics	Pair Corr

Related Correlations Analysis

	BELFA	LYTS	BHE	AMOT	PLXS	SANM	MEI	CTS	BELFB	OSIS
BELFA		0.89	0.88	0.0	0.82	0.7	0.85	0.93	0.97	0.28	BELFA
LYTS	0.89		0.85	0.0	0.89	0.79	0.86	0.92	0.83	0.37	LYTS
BHE	0.88	0.85		0.0	0.87	0.78	0.73	0.92	0.86	0.38	BHE
AMOT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AMOT
PLXS	0.82	0.89	0.87	0.0		0.93	0.87	0.9	0.8	0.65	PLXS
SANM	0.7	0.79	0.78	0.0	0.93		0.82	0.77	0.71	0.75	SANM
MEI	0.85	0.86	0.73	0.0	0.87	0.82		0.85	0.82	0.48	MEI
CTS	0.93	0.92	0.92	0.0	0.9	0.77	0.85		0.89	0.39	CTS
BELFB	0.97	0.83	0.86	0.0	0.8	0.71	0.82	0.89		0.35	BELFB
OSIS	0.28	0.37	0.38	0.0	0.65	0.75	0.48	0.39	0.35		OSIS
	BELFA	LYTS	BHE	AMOT	PLXS	SANM	MEI	CTS	BELFB	OSIS

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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

BELFB	+ 0.97	BELFA
CTS	+ 0.93	BELFA
SANM	+ 0.93	PLXS
CTS	+ 0.92	LYTS
CTS	+ 0.92	BHE
CTS	+ 0.9	PLXS

High negative correlations

OSIS	- 0.0	AMOT
BELFB	- 0.0	AMOT
CTS	- 0.0	AMOT
MEI	- 0.0	AMOT
SANM	- 0.0	AMOT
PLXS	- 0.0	AMOT

Risk-Adjusted Indicators

There is a big difference between Richardson Stock performing well and Richardson 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 Richardson 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
BELFA	2.40	(0.28)	0.00	(0.31)	0.00	0.00	3.61	(6.36)	19.05
LYTS	1.82	(0.30)	0.00	(0.40)	0.00	0.00	3.54	(4.37)	15.47
BHE	2.12	(0.10)	0.00	(0.20)	0.00	0.00	3.50	(4.12)	25.53
AMOT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLXS	1.65	(0.01)	0.00	(0.14)	0.00	0.00	2.95	(3.27)	16.40
SANM	2.00	0.09	0.00	(0.05)	0.00	0.00	3.88	(3.24)	17.05
MEI	3.16	(0.53)	0.00	(0.47)	0.00	0.00	5.34	(6.73)	37.02
CTS	1.70	(0.24)	0.00	(0.33)	0.00	0.00	2.84	(4.10)	14.35
BELFB	2.40	(0.02)	0.00	(0.14)	0.00	0.00	3.91	(4.93)	21.09
OSIS	2.15	0.37	0.11	0.17	2.88	(2.08)	5.09	(4.10)	14.33

Richardson Electronics Corporate Executives

Elected by the shareholders, the Richardson Electronics' board of directors comprises two types of representatives: Richardson Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Richardson. The board's role is to monitor Richardson Electronics' management team and ensure that shareholders' interests are well served. Richardson 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, Richardson Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Robert Ben	CFO, Executive VP and Corporate Secretary	Profile
	Wendy Diddell	COO and Executive VP of Corporate Devel.	Profile

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