Plexus Corp Correlations

PX4 Stock

EUR 119.00 2.00 1.71%

The current 90-days correlation between Plexus Corp and Ibiden CoLtd is 0.21 (i.e., Modest diversification). The correlation of Plexus Corp 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.

Plexus Corp Correlation With Market

Good diversification

The correlation between Plexus Corp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plexus Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Plexus Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plexus Corp 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 Plexus Corp - 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 Plexus Corp to buy it.

Moving together with Plexus Stock

0.73	IBI	Ibiden CoLtd	Pair Corr
0.64	TT1	TTM Technologies	Pair Corr
0.7	AUS	AT S Austria	Pair Corr
0.77	74F	LIFE BANC SPLIT	Pair Corr
0.65	HEI	Heidelberg Materials	Pair Corr
0.67	KGHA	KGHM Polska Miedz	Pair Corr
0.81	DBPE	Xtrackers LevDAX	Pair Corr
0.83	E908	Lyxor 1	Pair Corr

Moving against Plexus Stock

0.81	DBPD	Xtrackers ShortDAX	Pair Corr
0.61	CBHD	Coloplast A/S	Pair Corr
0.35	9Y2	LABOCANNA SA ZY	Pair Corr

Related Correlations Analysis

	JBL	IBI	PX4	NVPA	HAA1	AUS	BMU	MEC
JBL		0.85	0.59	0.59	0.32	0.74	0.71	0.49	JBL
IBI	0.85		0.73	0.24	0.21	0.8	0.62	0.19	IBI
PX4	0.59	0.73		0.25	0.53	0.7	0.6	0.23	PX4
NVPA	0.59	0.24	0.25		0.67	0.51	0.54	0.67	NVPA
HAA1	0.32	0.21	0.53	0.67		0.5	0.41	0.46	HAA1
AUS	0.74	0.8	0.7	0.51	0.5		0.65	0.3	AUS
BMU	0.71	0.62	0.6	0.54	0.41	0.65		0.34	BMU
MEC	0.49	0.19	0.23	0.67	0.46	0.3	0.34		MEC
	JBL	IBI	PX4	NVPA	HAA1	AUS	BMU	MEC

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Risk-Adjusted Indicators

There is a big difference between Plexus Stock performing well and Plexus Corp 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 Plexus Corp'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
JBL	2.19	0.85	0.41	(1.20)	1.20	(3.24)	5.65	(2.87)	13.25
IBI	2.16	0.77	0.24	(2.88)	1.83	(2.70)	4.00	(3.33)	21.14
PX4	1.23	0.21	0.03	(0.75)	1.14	(1.75)	2.68	(1.80)	7.21
NVPA	2.78	0.56	0.12	2.98	2.59	(4.13)	6.82	(4.88)	18.06
HAA1	3.32	0.60	0.10	3.41	3.71	(4.17)	8.51	(6.38)	21.76
AUS	2.50	0.91	0.25	(1.19)	2.19	(3.06)	5.63	(4.31)	13.35
BMU	1.35	0.15	0.01	(3.66)	2.06	(1.64)	3.77	(1.85)	15.58
MEC	2.03	0.07	0.00	0.27	3.12	(2.01)	4.49	(4.57)	16.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Plexus Corp 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.

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Plexus Corp Corporate Management

Elected by the shareholders, the Plexus Corp's board of directors comprises two types of representatives: Plexus Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Plexus. The board's role is to monitor Plexus Corp's management team and ensure that shareholders' interests are well served. Plexus Corp'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, Plexus Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

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