Jabil Correlations
| JBL Stock | EUR 192.25 3.45 1.83% |
The current 90-days correlation between Jabil Inc and Algonquin Power Utilities is -0.09 (i.e., Good diversification). The correlation of Jabil 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.
Jabil Correlation With Market
Modest diversification
The correlation between Jabil Inc and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jabil Inc and DJI in the same portfolio, assuming nothing else is changed.
Jabil |
The ability to find closely correlated positions to Jabil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jabil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jabil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jabil Inc to buy it.
Moving together with Jabil Stock
| 0.86 | IBI | Ibiden CoLtd | PairCorr |
| 0.95 | TT1 | TTM Technologies | PairCorr |
| 0.71 | BMU | Benchmark Electronics | PairCorr |
| 0.63 | 74F | LIFE BANC SPLIT | PairCorr |
| 0.84 | 9EE | ZINZINO AB B | PairCorr |
| 0.86 | HEI | Heidelberg Materials | PairCorr |
| 0.62 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.7 | E908 | Lyxor 1 | PairCorr |
Moving against Jabil Stock
| 0.8 | 9Y2 | LABOCANNA SA ZY | PairCorr |
| 0.69 | CBHD | Coloplast A/S | PairCorr |
| 0.63 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.5 | SG9 | Strix Group Plc | PairCorr |
| 0.37 | ALV | Allianz SE | PairCorr |
Related Correlations Analysis
| 0.66 | 0.49 | 0.0 | 0.09 | 0.42 | SMA | ||
| 0.66 | 0.59 | 0.45 | -0.33 | 0.17 | GRU | ||
| 0.49 | 0.59 | 0.23 | -0.19 | 0.45 | 751 | ||
| 0.0 | 0.45 | 0.23 | -0.72 | -0.23 | NU42 | ||
| 0.09 | -0.33 | -0.19 | -0.72 | 0.41 | JATA | ||
| 0.42 | 0.17 | 0.45 | -0.23 | 0.41 | CUD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Jabil Stock performing well and Jabil 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 Jabil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMA | 0.96 | 0.09 | 0.00 | 0.45 | 1.02 | 2.17 | 8.00 | |||
| GRU | 2.06 | 0.43 | 0.10 | 2.64 | 2.66 | 4.94 | 21.07 | |||
| 751 | 1.34 | 0.21 | 0.03 | (1.67) | 1.57 | 1.88 | 22.02 | |||
| NU42 | 2.68 | 0.14 | 0.02 | 0.36 | 3.53 | 7.45 | 18.53 | |||
| JATA | 1.28 | 0.00 | 0.00 | 0.11 | 0.00 | 3.05 | 8.04 | |||
| CUD | 0.57 | 0.09 | (0.07) | 2.08 | 0.42 | 1.23 | 3.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jabil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Share Portfolio Now
Share PortfolioTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Jabil Corporate Management
Elected by the shareholders, the Jabil's board of directors comprises two types of representatives: Jabil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jabil. The board's role is to monitor Jabil's management team and ensure that shareholders' interests are well served. Jabil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jabil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| May Yap | VP Officer | Profile | |
| Jean Kneisler | CTO VP | Profile | |
| Beth Walters | IR Contact Officer | Profile | |
| Gerald Creadon | Ex Operations | Profile | |
| Roberto Ferri | VP Officer | Profile |