Vishay Intertechnology Correlations

VSH Stock

USD 17.02 0.07 0.41%

The current 90-days correlation between Vishay Intertechnology and Silicon Laboratories is 0.79 (i.e., Poor diversification). The correlation of Vishay Intertechnology 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.

Vishay Intertechnology Correlation With Market

Poor diversification

The correlation between Vishay Intertechnology and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vishay Intertechnology and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Vishay Stock

0.79

SMCI

Super Micro Computer Sell-off Trend

Pair Corr

Moving against Vishay Stock

0.78	NTGR	NETGEAR Tech Boost	Pair Corr
0.73	BELFA	Bel Fuse A	Pair Corr
0.7	DM	Desktop Metal	Pair Corr
0.7	PLXS	Plexus Corp	Pair Corr
0.67	JBL	Jabil Circuit	Pair Corr
0.63	WDC	Western Digital	Pair Corr
0.61	KULR	KULR Technology Group	Pair Corr
0.6	VRME	VerifyMe	Pair Corr
0.6	EHGO	Eshallgo Class A Trending	Pair Corr
0.6	IONQ	IONQ Inc	Pair Corr
0.55	FLEX	Flex	Pair Corr
0.52	KVHI	KVH Industries	Pair Corr
0.51	STX	Seagate Technology PLC	Pair Corr
0.5	HPQ	HP Inc Fiscal Year End 19th of November 2024	Pair Corr
0.44	FKWL	Franklin Wireless Corp	Pair Corr
0.72	BKTI	BK Technologies	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.7	ZM	Zoom Video Communications Sell-off Trend	Pair Corr
0.68	DELL	Dell Technologies Aggressive Push	Pair Corr
0.66	ANET	Arista Networks	Pair Corr
0.54	NN	Nextnav Acquisition Corp Buyout Trend	Pair Corr
0.53	CRCT	Cricut Inc	Pair Corr
0.51	S	SentinelOne	Pair Corr
0.48	RDCM	Radcom	Pair Corr
0.45	CMTL	Comtech Telecommunicatio	Pair Corr
0.43	AAPL	Apple Inc Fiscal Year End 7th of November 2024	Pair Corr
0.42	ZD	Ziff Davis	Pair Corr
0.41	DGII	Digi International Fiscal Year End 14th of November 2024	Pair Corr
0.37	QBTS	D Wave Quantum	Pair Corr

Related Correlations Analysis

	SLAB	DIOD	MTSI	FORM	AMKR	POWI	CRUS	LSCC	MXL	MX
SLAB		0.36	0.6	0.43	0.32	0.47	0.0	0.56	0.62	-0.24	SLAB
DIOD	0.36		0.17	0.78	0.65	0.79	0.58	-0.07	-0.21	0.44	DIOD
MTSI	0.6	0.17		0.16	-0.07	0.45	-0.38	0.81	0.54	-0.27	MTSI
FORM	0.43	0.78	0.16		0.86	0.58	0.65	0.06	-0.12	0.27	FORM
AMKR	0.32	0.65	-0.07	0.86		0.34	0.73	-0.02	-0.12	0.3	AMKR
POWI	0.47	0.79	0.45	0.58	0.34		0.13	0.28	-0.02	0.37	POWI
CRUS	0.0	0.58	-0.38	0.65	0.73	0.13		-0.51	-0.27	0.15	CRUS
LSCC	0.56	-0.07	0.81	0.06	-0.02	0.28	-0.51		0.56	-0.26	LSCC
MXL	0.62	-0.21	0.54	-0.12	-0.12	-0.02	-0.27	0.56		-0.5	MXL
MX	-0.24	0.44	-0.27	0.27	0.3	0.37	0.15	-0.26	-0.5		MX
	SLAB	DIOD	MTSI	FORM	AMKR	POWI	CRUS	LSCC	MXL	MX

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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

AMKR	+ 0.86	FORM
LSCC	+ 0.81	MTSI
POWI	+ 0.79	DIOD
FORM	+ 0.78	DIOD
CRUS	+ 0.73	AMKR
AMKR	+ 0.65	DIOD

High negative correlations

LSCC	- 0.51	CRUS
MX	- 0.5	MXL
CRUS	- 0.38	MTSI
MXL	- 0.27	CRUS
MX	- 0.27	MTSI
MX	- 0.26	LSCC

Risk-Adjusted Indicators

There is a big difference between Vishay Stock performing well and Vishay Intertechnology 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 Vishay Intertechnology'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
SLAB	2.14	(0.14)	(0.01)	0.02	3.00	(2.19)	4.62	(5.00)	16.91
DIOD	2.30	(0.29)	0.00	(0.05)	0.00	0.00	5.28	(5.56)	16.33
MTSI	1.73	0.14	0.07	0.15	2.33	(1.89)	5.00	(3.42)	15.47
FORM	2.48	(0.19)	0.00	(0.01)	0.00	0.00	4.53	(4.64)	19.85
AMKR	2.13	(0.28)	0.00	(0.04)	0.00	0.00	4.49	(4.84)	16.32
POWI	2.04	(0.19)	0.00	(0.02)	0.00	0.00	3.97	(3.80)	16.58
CRUS	1.93	(0.15)	0.00	(0.02)	0.00	0.00	4.24	(4.26)	13.51
LSCC	2.57	0.06	0.06	0.09	2.97	(2.84)	5.22	(5.28)	22.38
MXL	3.45	(0.08)	0.02	0.05	4.45	(3.75)	6.22	(6.98)	27.68
MX	1.61	(0.62)	0.00	(1.55)	0.00	0.00	2.75	(3.88)	7.45

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