Benchmark Electronics Correlations

BHE Stock

USD 41.92 0.57 1.38%

The current 90-days correlation between Benchmark Electronics and Allient is 0.53 (i.e., Very weak diversification). The correlation of Benchmark 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.

Benchmark Electronics Correlation With Market

Very weak diversification

The correlation between Benchmark Electronics and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Benchmark Electronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Benchmark Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Benchmark Electronics. 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.

For information on how to trade Benchmark Stock refer to our How to Trade Benchmark Stock guide.

Moving against Benchmark Stock

0.45	ELTK	Eltek	Pair Corr
0.42	SOLI	Solid State Plc	Pair Corr
0.39	002960	Jade Bird Fire	Pair Corr
0.48	SRT	SRT Marine Systems	Pair Corr
0.33	FCUV	Focus Universal	Pair Corr
0.32	300139	Beijing Fuxing Xiaocheng	Pair Corr

Related Correlations Analysis

	ALNT	ELSE	KTCC	LPTH	MEI	NSYS	OSIS	PLXS	TAIT
ALNT		0.33	0.35	0.67	0.63	0.65	0.7	0.61	0.38	ALNT
ELSE	0.33		0.46	0.41	0.57	0.52	0.42	0.39	0.4	ELSE
KTCC	0.35	0.46		0.74	0.72	0.71	0.62	0.68	0.8	KTCC
LPTH	0.67	0.41	0.74		0.63	0.75	0.88	0.83	0.62	LPTH
MEI	0.63	0.57	0.72	0.63		0.72	0.62	0.71	0.61	MEI
NSYS	0.65	0.52	0.71	0.75	0.72		0.62	0.69	0.62	NSYS
OSIS	0.7	0.42	0.62	0.88	0.62	0.62		0.72	0.54	OSIS
PLXS	0.61	0.39	0.68	0.83	0.71	0.69	0.72		0.59	PLXS
TAIT	0.38	0.4	0.8	0.62	0.61	0.62	0.54	0.59		TAIT
	ALNT	ELSE	KTCC	LPTH	MEI	NSYS	OSIS	PLXS	TAIT

Risk-Adjusted Indicators

There is a big difference between Benchmark Stock performing well and Benchmark 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 Benchmark 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
ALNT	2.38	0.28	0.12	0.17	2.45	(2.55)	6.16	(4.12)	11.92
ELSE	1.74	0.05	0.00	(0.71)	2.20	(1.97)	3.43	(3.12)	12.03
KTCC	2.02	0.11	0.04	0.21	2.15	(2.39)	5.04	(3.79)	15.77
LPTH	6.24	1.31	0.22	0.36	5.95	(8.05)	14.38	(11.36)	42.84
MEI	2.23	0.11	0.06	0.10	2.80	(2.39)	4.76	(4.82)	20.85
NSYS	1.70	0.09	0.03	0.37	1.95	(1.87)	4.09	(3.62)	9.87
OSIS	1.43	0.15	0.11	0.14	1.57	(1.55)	4.00	(2.89)	8.84
PLXS	1.78	0.05	0.04	0.07	2.87	(1.84)	3.56	(2.93)	14.35
TAIT	2.78	0.45	0.11	0.39	3.38	(4.32)	3.27	(3.69)	85.87

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Benchmark Electronics Correlations

Benchmark Electronics Correlation With Market

Very weak diversification

Moving against Benchmark Stock

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

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