Electro Sensors Correlations
| ELSE Stock | USD 4.53 0.08 1.74% |
The current 90-days correlation between Electro Sensors and NETCLASS TECHNOLOGY INC is -0.04 (i.e., Good diversification). The correlation of Electro Sensors 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.
Electro Sensors Correlation With Market
Good diversification
The correlation between Electro Sensors and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electro Sensors and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Electro Stock
| 0.64 | 000938 | Unisplendour Corp | PairCorr |
| 0.68 | AMPGW | AmpliTech Group | PairCorr |
| 0.66 | 603936 | Bomin Electronics | PairCorr |
| 0.66 | 300296 | Leyard Optoelectronic | PairCorr |
Moving against Electro Stock
| 0.56 | BHE | Benchmark Electronics | PairCorr |
| 0.44 | FN | Fabrinet Tech Boost | PairCorr |
| 0.43 | APH | Amphenol | PairCorr |
| 0.51 | LST | Light Science Techno | PairCorr |
| 0.49 | CLS | Celestica Tech Boost | PairCorr |
| 0.4 | 002414 | Wuhan Guide Infrared | PairCorr |
| 0.33 | TEL | TE Connectivity | PairCorr |
Related Correlations Analysis
| 0.89 | 0.0 | 0.05 | 0.0 | -0.46 | 0.0 | MRTN | ||
| 0.89 | 0.0 | 0.14 | 0.0 | -0.27 | 0.0 | NTCL | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -1.0 | SKRJ | ||
| 0.05 | 0.14 | 0.0 | 0.0 | 0.21 | 0.0 | PT | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | DRWN | ||
| -0.46 | -0.27 | 0.0 | 0.21 | 0.0 | 0.0 | SBGI | ||
| 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | 0.0 | ATHI | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Electro Stock performing well and Electro Sensors 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 Electro Sensors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRTN | 1.30 | (0.26) | 0.00 | (0.29) | 0.00 | 3.57 | 14.31 | |||
| NTCL | 3.11 | (0.72) | 0.00 | 14.16 | 0.00 | 5.95 | 16.23 | |||
| SKRJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PT | 2.89 | (0.02) | 0.00 | 0.05 | 3.13 | 6.19 | 26.59 | |||
| DRWN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SBGI | 1.59 | 0.16 | 0.06 | 1.06 | 1.62 | 3.44 | 22.96 | |||
| ATHI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |