Frequency Electronics Correlations

FEIM Stock

USD 21.22 0.59 2.71%

The current 90-days correlation between Frequency Electronics and BK Technologies is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Frequency Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frequency Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Frequency Electronics Correlation With Market

Weak diversification

The correlation between Frequency Electronics 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 Frequency Electronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Frequency Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frequency 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 gross domestic product.

To learn how to invest in Frequency Stock, please use our How to Invest in Frequency Electronics guide.

Moving together with Frequency Stock

0.72	FN	Fabrinet	Pair Corr
0.62	KN	Knowles Cor	Pair Corr
0.62	ELTK	Eltek Tech Boost	Pair Corr
0.67	ERIC	Telefonaktiebolaget	Pair Corr
0.82	EVLV	Evolv Technologies	Pair Corr
0.67	FFIV	F5 Networks	Pair Corr
0.75	FLEX	Flex	Pair Corr
0.82	APH	Amphenol	Pair Corr
0.81	CLS	Celestica	Pair Corr
0.71	HPE	Hewlett Packard Ente	Pair Corr
0.7	IDN	Intellicheck Mobilisa	Pair Corr
0.84	JBL	Jabil Circuit Tech Boost	Pair Corr
0.73	MEI	Methode Electronics	Pair Corr

Moving against Frequency Stock

0.59	VIAV	Viavi Solutions	Pair Corr
0.82	FKWL	Franklin Wireless Corp	Pair Corr
0.4	UKOMW	Ucommune International	Pair Corr

Related Correlations Analysis

	BKTI	WSTL	ITI	ASNS	LTRX	KVHI	CMTL	KN	MYNA	ITRN
BKTI		0.0	0.0	-0.73	-0.56	-0.09	-0.02	0.2	-0.72	-0.06	BKTI
WSTL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WSTL
ITI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ITI
ASNS	-0.73	0.0	0.0		0.73	0.22	0.18	0.24	0.61	0.4	ASNS
LTRX	-0.56	0.0	0.0	0.73		0.63	0.53	0.46	0.44	0.52	LTRX
KVHI	-0.09	0.0	0.0	0.22	0.63		0.75	0.56	0.09	0.68	KVHI
CMTL	-0.02	0.0	0.0	0.18	0.53	0.75		0.7	-0.18	0.76	CMTL
KN	0.2	0.0	0.0	0.24	0.46	0.56	0.7		-0.33	0.76	KN
MYNA	-0.72	0.0	0.0	0.61	0.44	0.09	-0.18	-0.33		0.03	MYNA
ITRN	-0.06	0.0	0.0	0.4	0.52	0.68	0.76	0.76	0.03		ITRN
	BKTI	WSTL	ITI	ASNS	LTRX	KVHI	CMTL	KN	MYNA	ITRN

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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

ITRN	+ 0.76	CMTL
ITRN	+ 0.76	KN
CMTL	+ 0.75	KVHI
LTRX	+ 0.73	ASNS
KN	+ 0.7	CMTL
ITRN	+ 0.68	KVHI

High negative correlations

ASNS	- 0.73	BKTI
MYNA	- 0.72	BKTI
LTRX	- 0.56	BKTI
MYNA	- 0.33	KN
MYNA	- 0.18	CMTL
KVHI	- 0.09	BKTI

Risk-Adjusted Indicators

There is a big difference between Frequency Stock performing well and Frequency 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 Frequency 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
BKTI	4.34	0.82	0.20	0.66	3.64	(5.41)	10.53	(6.21)	23.41
WSTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASNS	4.03	(0.71)	0.00	(0.56)	0.00	0.00	6.35	(8.20)	27.26
LTRX	2.72	(0.12)	0.00	(0.06)	0.00	0.00	6.36	(5.53)	18.20
KVHI	1.44	0.06	0.02	0.25	1.89	(1.66)	4.32	(3.47)	9.24
CMTL	4.34	0.33	0.06	0.21	5.80	(4.48)	10.99	(6.98)	33.86
KN	1.90	0.09	0.04	0.08	2.52	(2.16)	3.30	(3.51)	20.50
MYNA	12.78	(0.93)	0.00	(1.45)	0.00	0.00	36.96	(31.58)	167.72
ITRN	1.48	(0.04)	0.00	(0.02)	0.00	0.00	2.88	(3.22)	11.54

Frequency Electronics Corporate Executives

Elected by the shareholders, the Frequency Electronics' board of directors comprises two types of representatives: Frequency Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Frequency. The board's role is to monitor Frequency Electronics' management team and ensure that shareholders' interests are well served. Frequency Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Frequency Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Steven CPA	Secretary CFO	Profile
	Steven Bernstein	Secretary CFO	Profile

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