Arrow Electronics Correlations
| ARW Stock | USD 122.72 0.00 0.00% |
The current 90-days correlation between Arrow Electronics and Insight Enterprises is 0.75 (i.e., Poor diversification). The correlation of Arrow Electronics 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Arrow Electronics Correlation With Market
Poor diversification
The correlation between Arrow Electronics and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Electronics and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Arrow Stock
| 0.88 | AVT | Avnet Inc | PairCorr |
| 0.65 | SCSC | ScanSource | PairCorr |
| 0.79 | CNXN | PC Connection | PairCorr |
| 0.69 | KN | Knowles Cor | PairCorr |
| 0.62 | MI | NFT Limited | PairCorr |
| 0.74 | PI | Impinj Inc | PairCorr |
| 0.65 | UI | Ubiquiti Networks | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Arrow Stock performing well and Arrow 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 Arrow 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NSIT | 1.54 | (0.28) | 0.00 | (0.44) | 0.00 | 2.28 | 11.63 | |||
| SNX | 1.66 | (0.12) | 0.00 | (0.24) | 0.00 | 2.70 | 16.69 | |||
| CLMB | 2.13 | (0.09) | 0.00 | (0.21) | 0.00 | 4.13 | 20.99 | |||
| SCSC | 1.74 | 0.14 | 0.07 | 0.02 | 2.14 | 4.50 | 12.27 | |||
| CNXN | 1.38 | 0.04 | 0.00 | (0.06) | 0.00 | 2.81 | 10.80 |