Richardson Electronics Correlations

RELL Stock

USD 9.58 0.20 2.04%

The current 90-days correlation between Richardson Electronics and Methode Electronics is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Richardson Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richardson Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Richardson Electronics Correlation With Market

Very weak diversification

The correlation between Richardson Electronics and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Richardson Electronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Richardson Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richardson 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 bureau of economic analysis.

For more information on how to buy Richardson Stock please use our How to buy in Richardson Stock guide.

Moving together with Richardson Stock

0.73	CDW	CDW Corp	Pair Corr
0.84	LPL	LG Display Earnings Call This Week	Pair Corr
0.92	VSH	Vishay Intertechnology	Pair Corr
0.66	GILT	Gilat Satellite Networks	Pair Corr
0.81	LASR	nLIGHT Inc	Pair Corr
0.87	LITE	Lumentum Holdings	Pair Corr
0.71	NTGR	NETGEAR Earnings Call Next Week	Pair Corr
0.68	RGTIW	Rigetti Computing Trending	Pair Corr
0.67	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.79	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.82	RDWR	Radware	Pair Corr
0.69	RGTI	Rigetti Computing Trending	Pair Corr
0.89	AAOI	Applied Opt	Pair Corr
0.87	ADTN	ADTRAN Inc	Pair Corr
0.88	AVNW	Aviat Networks	Pair Corr
0.75	CIEN	Ciena Corp	Pair Corr
0.89	CRNT	Ceragon Networks	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.83	MU	Micron Technology	Pair Corr
0.84	MX	MagnaChip Semiconductor	Pair Corr
0.86	ON	ON Semiconductor Earnings Call Next Week	Pair Corr
0.89	VRRM	Verra Mobility Corp	Pair Corr
0.73	ENLV	Enlivex Therapeutics	Pair Corr
0.7	ENTG	Entegris	Pair Corr
0.92	ADI	Analog Devices	Pair Corr
0.86	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.87	ARM	Arm Holdings plc	Pair Corr
0.81	FRGE	Forge Global Holdings	Pair Corr
0.91	GFS	Globalfoundries	Pair Corr

Moving against Richardson Stock

0.57	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.48	QMCO	Quantum	Pair Corr
0.54	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	BELFB	BHE	BELFA	PLXS	MEI	RFIL	RCMT	LYTS	SGMA
BELFB		0.85	0.99	0.8	0.62	0.92	0.79	0.89	0.68	BELFB
BHE	0.85		0.84	0.82	0.58	0.77	0.74	0.76	0.62	BHE
BELFA	0.99	0.84		0.75	0.59	0.92	0.73	0.87	0.61	BELFA
PLXS	0.8	0.82	0.75		0.75	0.69	0.93	0.82	0.76	PLXS
MEI	0.62	0.58	0.59	0.75		0.43	0.74	0.54	0.71	MEI
RFIL	0.92	0.77	0.92	0.69	0.43		0.7	0.85	0.59	RFIL
RCMT	0.79	0.74	0.73	0.93	0.74	0.7		0.82	0.82	RCMT
LYTS	0.89	0.76	0.87	0.82	0.54	0.85	0.82		0.62	LYTS
SGMA	0.68	0.62	0.61	0.76	0.71	0.59	0.82	0.62		SGMA
	BELFB	BHE	BELFA	PLXS	MEI	RFIL	RCMT	LYTS	SGMA

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Risk-Adjusted Indicators

There is a big difference between Richardson Stock performing well and Richardson 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 Richardson 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
BELFB	1.85	0.43	0.21	0.52	1.69	(2.13)	4.04	(3.30)	10.99
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
BELFA	2.20	0.30	0.15	0.32	1.96	(2.46)	4.98	(3.59)	13.68
PLXS	1.11	0.04	0.02	0.18	1.09	(1.27)	2.47	(2.10)	6.55
MEI	2.63	0.16	0.04	0.23	5.16	(2.57)	5.59	(3.57)	33.90
RFIL	2.65	0.90	0.30	3.38	1.87	(3.26)	9.01	(3.57)	21.27
RCMT	2.01	0.61	0.35	0.87	1.18	(2.52)	4.39	(2.82)	19.76
LYTS	1.39	(0.01)	0.00	0.12	2.01	(1.39)	3.27	(2.81)	8.66
SGMA	5.79	2.69	0.37	(0.76)	3.25	(9.28)	11.51	(4.96)	131.24

Richardson Electronics Corporate Executives

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

	Robert Ben	CFO, Executive VP and Corporate Secretary	Profile
	Wendy Diddell	COO and Executive VP of Corporate Devel.	Profile

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