Bel Fuse Correlations

BELFB Stock

USD 154.90 6.65 4.49%

The current 90-days correlation between Bel Fuse B and DoubleVerify Holdings is 0.07 (i.e., Significant 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

Weak diversification

The correlation between Bel Fuse B and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bel Fuse B 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 B. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Bel Stock

0.64	000938	Unisplendour Corp	Pair Corr
0.77	301123	YiDong Electronics	Pair Corr
0.8	FLEX	Flex Earnings Call This Week	Pair Corr
0.69	300296	Leyard Optoelectronic	Pair Corr
0.63	688375	Guobo Electronics	Pair Corr
0.75	688519	Nanya New Material	Pair Corr
0.62	688630	Circuit Fabology Mic	Pair Corr
0.75	601231	Universal Scientific	Pair Corr
0.71	688538	Everdisplay Optronics	Pair Corr
0.64	002049	Unigroup Guoxin Micr	Pair Corr
0.83	DDR	Dicker Data Earnings Call This Week	Pair Corr

Moving against Bel Stock

0.85	PAR	PAR Technology	Pair Corr
0.65	CDW	CDW Corp	Pair Corr
0.55	300333	Sinosun Tech	Pair Corr
0.35	000829	Telling Telecommunicatio	Pair Corr
0.8	EDY	Eddy Smart Home	Pair Corr
0.73	300078	Hangzhou Century	Pair Corr
0.66	SOBR	Sobr Safe	Pair Corr
0.32	600707	Caihong Display Devices	Pair Corr

Related Correlations Analysis

	DV	VICR	BHE	NTCT	OUST	CSGS	OUSTZ	ADEA	KARO	ROG
DV		-0.41	0.06	-0.79	-0.39	-0.65	0.11	-0.77	-0.41	-0.71	DV
VICR	-0.41		0.62	0.51	0.37	0.61	0.03	0.47	-0.07	0.54	VICR
BHE	0.06	0.62		0.22	0.27	0.36	0.0	0.2	-0.23	0.29	BHE
NTCT	-0.79	0.51	0.22		0.57	0.84	-0.38	0.93	0.67	0.9	NTCT
OUST	-0.39	0.37	0.27	0.57		0.49	-0.01	0.68	0.33	0.69	OUST
CSGS	-0.65	0.61	0.36	0.84	0.49		-0.34	0.79	0.55	0.73	CSGS
OUSTZ	0.11	0.03	0.0	-0.38	-0.01	-0.34		-0.28	-0.65	-0.33	OUSTZ
ADEA	-0.77	0.47	0.2	0.93	0.68	0.79	-0.28		0.63	0.9	ADEA
KARO	-0.41	-0.07	-0.23	0.67	0.33	0.55	-0.65	0.63		0.52	KARO
ROG	-0.71	0.54	0.29	0.9	0.69	0.73	-0.33	0.9	0.52		ROG
	DV	VICR	BHE	NTCT	OUST	CSGS	OUSTZ	ADEA	KARO	ROG

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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

ADEA	+ 0.93	NTCT
ROG	+ 0.9	NTCT
ROG	+ 0.9	ADEA
CSGS	+ 0.84	NTCT
ADEA	+ 0.79	CSGS
ROG	+ 0.73	CSGS

High negative correlations

NTCT	- 0.79	DV
ADEA	- 0.77	DV
ROG	- 0.71	DV
KARO	- 0.65	OUSTZ
CSGS	- 0.65	DV
KARO	- 0.41	DV

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
DV	1.79	(0.47)	0.00	(0.26)	0.00	0.00	2.93	(5.76)	10.82
VICR	3.17	0.89	0.29	0.52	2.67	(3.91)	8.42	(5.03)	16.79
BHE	1.79	0.01	0.03	0.05	1.97	(1.85)	4.69	(2.94)	10.15
NTCT	1.28	0.15	0.12	0.13	1.31	(1.39)	3.24	(3.03)	7.12
OUST	4.83	0.26	0.08	0.10	5.76	(5.06)	12.36	(9.69)	30.80
CSGS	1.03	0.02	0.02	0.07	1.38	(0.95)	2.23	(2.57)	6.64
OUSTZ	7.86	0.56	0.07	0.34	8.40	(9.93)	19.86	(13.90)	78.00
ADEA	1.83	0.21	0.13	0.14	1.89	(2.15)	5.27	(3.82)	15.47
KARO	1.91	(0.09)	(0.01)	0.00	3.76	(1.76)	5.33	(4.26)	23.83
ROG	1.77	0.30	0.19	0.19	1.52	(2.09)	4.14	(3.05)	11.11

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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