Sono Tek Correlations

Sono Tek Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sono Tek Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

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 WFCF + 0.9 ESE WFCF + 0.88 VPG VPG + 0.87 ESE MLAB + 0.77 FCUV SEPJF + 0.47 ESE VPG + 0.47 SEPJF

High negative correlations SEPJF - 0.41 MLAB MLAB - 0.38 ESE WFCF - 0.36 MLAB VPG - 0.17 MLAB SEPJF - 0.17 FCUV FCUV - 0.02 ESE

Risk-Adjusted Indicators

There is a big difference between Sono Stock performing well and Sono Tek 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 Sono Tek'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.