Bel Fuse Correlations

BELFB Stock

USD 101.69 0.37 0.37%

The current 90-days correlation between Bel Fuse B and Bel Fuse A is 0.84 (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

Very weak diversification

The correlation between Bel Fuse B and DJI is 0.45 (i.e., Very 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 census.

Moving together with Bel Stock

0.88	LPL	LG Display Earnings Call This Week	Pair Corr
0.89	VSH	Vishay Intertechnology	Pair Corr
0.81	GILT	Gilat Satellite Networks	Pair Corr
0.83	LASR	nLIGHT Inc	Pair Corr
0.89	LITE	Lumentum Holdings	Pair Corr
0.63	RGTIW	Rigetti Computing Trending	Pair Corr
0.9	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.95	RDWR	Radware	Pair Corr
0.63	RGTI	Rigetti Computing Trending	Pair Corr
0.93	AAOI	Applied Opt	Pair Corr
0.86	ADTN	ADTRAN Inc	Pair Corr
0.87	AVNW	Aviat Networks	Pair Corr
0.67	CRNT	Ceragon Networks	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.88	MU	Micron Technology	Pair Corr
0.76	MX	MagnaChip Semiconductor	Pair Corr
0.93	ON	ON Semiconductor	Pair Corr
0.82	VRRM	Verra Mobility Corp	Pair Corr
0.82	ENLV	Enlivex Therapeutics	Pair Corr
0.72	ENTG	Entegris	Pair Corr
0.87	ADI	Analog Devices	Pair Corr
0.93	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.88	ARM	Arm Holdings plc	Pair Corr
0.84	FRGE	Forge Global Holdings	Pair Corr
0.77	GFS	Globalfoundries	Pair Corr

Moving against Bel Stock

0.75	QMCO	Quantum	Pair Corr
0.62	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.68	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	BELFA	RELL	LYTS	BHE	ALNT	BFIN	AGYS	ATNI	BMRC
BELFA		0.8	0.87	0.84	0.84	-0.55	0.71	0.48	0.88	BELFA
RELL	0.8		0.84	0.8	0.89	-0.3	0.78	0.15	0.88	RELL
LYTS	0.87	0.84		0.76	0.87	-0.43	0.73	0.32	0.9	LYTS
BHE	0.84	0.8	0.76		0.8	-0.5	0.73	0.41	0.84	BHE
ALNT	0.84	0.89	0.87	0.8		-0.54	0.92	0.05	0.83	ALNT
BFIN	-0.55	-0.3	-0.43	-0.5	-0.54		-0.58	-0.15	-0.32	BFIN
AGYS	0.71	0.78	0.73	0.73	0.92	-0.58		-0.01	0.72	AGYS
ATNI	0.48	0.15	0.32	0.41	0.05	-0.15	-0.01		0.5	ATNI
BMRC	0.88	0.88	0.9	0.84	0.83	-0.32	0.72	0.5		BMRC
	BELFA	RELL	LYTS	BHE	ALNT	BFIN	AGYS	ATNI	BMRC

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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

AGYS	+ 0.92	ALNT
BMRC	+ 0.9	LYTS
ALNT	+ 0.89	RELL
BMRC	+ 0.88	BELFA
BMRC	+ 0.88	RELL
LYTS	+ 0.87	BELFA

High negative correlations

AGYS	- 0.58	BFIN
BFIN	- 0.55	BELFA
BFIN	- 0.54	ALNT
BFIN	- 0.5	BHE
BFIN	- 0.43	LYTS
BMRC	- 0.32	BFIN

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
BELFA	2.20	0.30	0.15	0.32	1.96	(2.46)	4.98	(3.59)	13.68
RELL	1.89	0.07	0.05	0.18	2.02	(2.08)	3.89	(3.43)	10.26
LYTS	1.39	(0.01)	0.00	0.12	2.01	(1.39)	3.27	(2.81)	8.66
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
ALNT	2.12	0.83	0.49	0.75	1.05	(2.60)	4.58	(2.89)	24.56
BFIN	1.13	(0.03)	(0.09)	0.05	1.19	(1.36)	2.65	(1.75)	6.13
AGYS	1.94	0.70	0.36	0.89	1.23	(2.29)	3.97	(2.80)	26.55
ATNI	2.07	(0.04)	(0.02)	0.08	3.39	(2.02)	4.44	(3.26)	18.81
BMRC	1.47	0.21	0.17	0.30	1.03	(1.86)	3.95	(2.27)	8.10

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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