TE Connectivity Correlations

TEL Stock

USD 179.51 0.54 0.30%

The current 90-days correlation between TE Connectivity and Jabil Circuit is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TE Connectivity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TE Connectivity moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TE Connectivity Correlation With Market

Good diversification

The correlation between TE Connectivity and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TE Connectivity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TEL Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TE Connectivity. 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 information on how to buy TEL Stock please use our How to buy in TEL Stock guide.

Moving together with TEL Stock

0.74	CDW	CDW Corp	Pair Corr
0.88	LPL	LG Display Earnings Call Today	Pair Corr
0.95	VSH	Vishay Intertechnology	Pair Corr
0.91	LASR	nLIGHT Inc	Pair Corr
0.96	LITE	Lumentum Holdings	Pair Corr
0.73	NTGR	NETGEAR Earnings Call This Week	Pair Corr
0.79	RGTIW	Rigetti Computing Downward Rally	Pair Corr
0.84	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.86	QUBT	Quantum Computing Downward Rally	Pair Corr
0.81	RDWR	Radware Earnings Call This Week	Pair Corr
0.8	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.86	AAOI	Applied Opt	Pair Corr
0.8	ADTN	ADTRAN Inc	Pair Corr
0.93	AVNW	Aviat Networks	Pair Corr
0.85	CIEN	Ciena Corp	Pair Corr
0.76	CRNT	Ceragon Networks	Pair Corr
0.95	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.89	MU	Micron Technology	Pair Corr
0.91	MX	MagnaChip Semiconductor	Pair Corr
0.91	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.89	VRRM	Verra Mobility Corp	Pair Corr
0.66	ENLV	Enlivex Therapeutics	Pair Corr
0.64	ENTG	Entegris Earnings Call This Week	Pair Corr
0.96	ADI	Analog Devices	Pair Corr
0.92	AMD	Advanced Micro Devices	Pair Corr
0.91	ARM	Arm Holdings plc Earnings Call This Week	Pair Corr
0.85	FRGE	Forge Global Holdings	Pair Corr
0.91	GFS	Globalfoundries	Pair Corr

Moving against TEL Stock

0.39	QMCO	Quantum	Pair Corr
0.36	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.64	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	LFUS	FN	JBL	SANM	MEI	APH	PLXS	OSIS	BHE	BELFA
LFUS		0.66	0.69	0.66	0.46	0.59	0.64	0.26	0.6	0.71	LFUS
FN	0.66		0.98	0.96	0.56	0.94	0.85	0.37	0.81	0.92	FN
JBL	0.69	0.98		0.97	0.61	0.93	0.86	0.36	0.83	0.94	JBL
SANM	0.66	0.96	0.97		0.51	0.9	0.86	0.32	0.87	0.94	SANM
MEI	0.46	0.56	0.61	0.51		0.64	0.69	0.69	0.51	0.51	MEI
APH	0.59	0.94	0.93	0.9	0.64		0.9	0.56	0.76	0.81	APH
PLXS	0.64	0.85	0.86	0.86	0.69	0.9		0.6	0.82	0.76	PLXS
OSIS	0.26	0.37	0.36	0.32	0.69	0.56	0.6		0.25	0.25	OSIS
BHE	0.6	0.81	0.83	0.87	0.51	0.76	0.82	0.25		0.85	BHE
BELFA	0.71	0.92	0.94	0.94	0.51	0.81	0.76	0.25	0.85		BELFA
	LFUS	FN	JBL	SANM	MEI	APH	PLXS	OSIS	BHE	BELFA

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Risk-Adjusted Indicators

There is a big difference between TEL Stock performing well and TE Connectivity 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 TE Connectivity'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LFUS	1.53	0.24	0.17	0.35	1.30	(1.76)	3.21	(2.51)	14.81
FN	2.04	0.47	0.24	0.46	1.97	(2.47)	5.54	(2.81)	13.79
JBL	1.31	0.61	0.55	0.80	0.00	(1.65)	3.95	(1.38)	10.46
SANM	1.42	0.26	0.16	0.43	1.44	(1.68)	2.86	(2.48)	8.16
MEI	2.65	0.13	0.04	0.25	5.15	(2.57)	5.54	(3.61)	33.98
APH	1.10	0.50	0.52	0.60	0.00	(1.42)	3.39	(1.38)	10.44
PLXS	1.12	(0.02)	(0.02)	0.15	1.14	(1.26)	2.47	(2.10)	7.11
OSIS	1.54	0.05	0.02	0.22	2.26	(1.50)	3.22	(3.17)	17.06
BHE	1.44	0.00	0.01	0.17	2.93	(1.57)	3.22	(1.98)	18.09
BELFA	2.18	0.33	0.18	0.38	1.93	(2.42)	4.98	(3.59)	13.68

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