Bel Fuse Correlations

BELFA Stock

USD 91.62 0.38 0.41%

The current 90-days correlation between Bel Fuse A and Bel Fuse B is 0.88 (i.e., Very poor diversification). The correlation of Bel Fuse 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.

Bel Fuse Correlation With Market

Poor diversification

The correlation between Bel Fuse A 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 Bel Fuse A and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bel Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bel Fuse A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Bel Stock

0.81	LPL	LG Display	Pair Corr
0.82	VSH	Vishay Intertechnology	Pair Corr
0.81	GILT	Gilat Satellite Networks	Pair Corr
0.76	LASR	nLIGHT Inc	Pair Corr
0.81	LITE	Lumentum Holdings	Pair Corr
0.86	QUBT	Quantum Computing Buyout Trend	Pair Corr
0.93	RDWR	Radware	Pair Corr
0.89	AAOI	Applied Opt Tech Boost	Pair Corr
0.82	ADTN	ADTRAN Inc	Pair Corr
0.81	AVNW	Aviat Networks	Pair Corr
0.69	CRNT	Ceragon Networks	Pair Corr
0.82	CSCO	Cisco Systems	Pair Corr
0.85	MU	Micron Technology	Pair Corr
0.7	MX	MagnaChip Semiconductor Downward Rally	Pair Corr
0.87	ON	ON Semiconductor	Pair Corr
0.77	VRRM	Verra Mobility Corp	Pair Corr
0.8	ENLV	Enlivex Therapeutics	Pair Corr
0.68	ENTG	Entegris	Pair Corr
0.8	ADI	Analog Devices	Pair Corr
0.87	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.81	ARM	Arm Holdings plc	Pair Corr
0.79	FRGE	Forge Global Holdings	Pair Corr
0.7	GFS	Globalfoundries	Pair Corr

Moving against Bel Stock

0.74	QMCO	Quantum	Pair Corr
0.65	IMTE	Integrated Media Tec	Pair Corr
0.63	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	BELFB	BHE	MEI	RELL	PLXS	BSVN	CBFV	BFST	BCBP
BELFB		0.84	0.85	0.76	0.78	0.91	0.02	0.77	0.07	BELFB
BHE	0.84		0.76	0.7	0.83	0.81	0.19	0.74	0.02	BHE
MEI	0.85	0.76		0.73	0.87	0.8	0.16	0.73	-0.28	MEI
RELL	0.76	0.7	0.73		0.74	0.87	0.19	0.81	0.1	RELL
PLXS	0.78	0.83	0.87	0.74		0.82	0.46	0.86	-0.27	PLXS
BSVN	0.91	0.81	0.8	0.87	0.82		0.24	0.91	0.12	BSVN
CBFV	0.02	0.19	0.16	0.19	0.46	0.24		0.57	-0.2	CBFV
BFST	0.77	0.74	0.73	0.81	0.86	0.91	0.57		0.06	BFST
BCBP	0.07	0.02	-0.28	0.1	-0.27	0.12	-0.2	0.06		BCBP
	BELFB	BHE	MEI	RELL	PLXS	BSVN	CBFV	BFST	BCBP

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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

BSVN	+ 0.91	BELFB
BFST	+ 0.91	BSVN
PLXS	+ 0.87	MEI
BSVN	+ 0.87	RELL
BFST	+ 0.86	PLXS
MEI	+ 0.85	BELFB

High negative correlations

BCBP	- 0.28	MEI
BCBP	- 0.27	PLXS
BCBP	- 0.2	CBFV

Risk-Adjusted Indicators

There is a big difference between Bel Stock performing well and Bel Fuse 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 Bel Fuse'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
BELFB	2.18	0.37	0.21	0.48	1.98	(2.60)	4.37	(3.68)	21.09
BHE	1.61	0.01	0.02	0.24	2.90	(1.79)	3.49	(2.16)	25.51
MEI	2.77	0.10	0.04	0.31	4.98	(2.83)	6.58	(3.95)	36.47
RELL	2.17	(0.22)	(0.03)	0.08	3.59	(2.22)	4.38	(3.43)	24.02
PLXS	1.30	(0.03)	0.03	0.22	1.15	(1.56)	2.55	(2.10)	16.40
BSVN	1.37	0.16	0.08	0.43	1.28	(1.63)	3.82	(2.29)	8.89
CBFV	0.94	0.02	(0.10)	0.27	0.94	(1.04)	2.14	(1.60)	7.01
BFST	1.36	0.06	0.02	0.30	1.41	(1.46)	3.04	(2.79)	9.82
BCBP	1.58	(0.21)	0.00	(0.08)	0.00	0.00	3.48	(3.71)	11.90

Bel Fuse Corporate Management

Kenneth Lai	Vice Operations	Profile
Farouq Tuweiq	Principal CFO	Profile
Ping Gencianeo	Global Director	Profile
Suzanne Kozlovsky	Global People	Profile

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