Sanmina Correlations

SANM Stock

USD 101.31 3.30 3.15%

The current 90-days correlation between Sanmina and OSI Systems is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sanmina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sanmina moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sanmina Correlation With Market

Very weak diversification

The correlation between Sanmina and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sanmina and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sanmina Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sanmina. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Sanmina Stock

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0.91	VSH	Vishay Intertechnology	Pair Corr
0.77	GILT	Gilat Satellite Networks	Pair Corr
0.86	LASR	nLIGHT Inc	Pair Corr
0.92	LITE	Lumentum Holdings	Pair Corr
0.68	RGTIW	Rigetti Computing Trending	Pair Corr
0.68	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.88	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.93	RDWR	Radware	Pair Corr
0.72	RGTI	Rigetti Computing Trending	Pair Corr
0.96	AAOI	Applied Opt	Pair Corr
0.91	ADTN	ADTRAN Inc	Pair Corr
0.9	AVNW	Aviat Networks	Pair Corr
0.66	CIEN	Ciena Corp	Pair Corr
0.77	CRNT	Ceragon Networks	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.88	MU	Micron Technology	Pair Corr
0.78	MX	MagnaChip Semiconductor	Pair Corr
0.94	ON	ON Semiconductor	Pair Corr
0.85	VRRM	Verra Mobility Corp	Pair Corr
0.84	ENLV	Enlivex Therapeutics	Pair Corr
0.73	ENTG	Entegris	Pair Corr
0.89	ADI	Analog Devices	Pair Corr
0.96	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.89	ARM	Arm Holdings plc	Pair Corr
0.83	FRGE	Forge Global Holdings	Pair Corr
0.82	GFS	Globalfoundries	Pair Corr

Moving against Sanmina Stock

0.65	QMCO	Quantum	Pair Corr
0.63	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.69	FRGT	Freight Technologies	Pair Corr

Related Correlations Analysis

	BHE	MEI	OSIS	CLS	PLXS	FLEX	CTS	BELFA	JBL	FN
BHE		0.58	0.3	0.84	0.82	0.81	0.75	0.84	0.83	0.81	BHE
MEI	0.58		0.72	0.68	0.75	0.69	0.82	0.59	0.7	0.66	MEI
OSIS	0.3	0.72		0.47	0.66	0.56	0.74	0.3	0.44	0.45	OSIS
CLS	0.84	0.68	0.47		0.89	0.98	0.76	0.91	0.98	0.98	CLS
PLXS	0.82	0.75	0.66	0.89		0.92	0.93	0.75	0.87	0.86	PLXS
FLEX	0.81	0.69	0.56	0.98	0.92		0.81	0.88	0.98	0.97	FLEX
CTS	0.75	0.82	0.74	0.76	0.93	0.81		0.66	0.76	0.74	CTS
BELFA	0.84	0.59	0.3	0.91	0.75	0.88	0.66		0.93	0.91	BELFA
JBL	0.83	0.7	0.44	0.98	0.87	0.98	0.76	0.93		0.98	JBL
FN	0.81	0.66	0.45	0.98	0.86	0.97	0.74	0.91	0.98		FN
	BHE	MEI	OSIS	CLS	PLXS	FLEX	CTS	BELFA	JBL	FN

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Risk-Adjusted Indicators

There is a big difference between Sanmina Stock performing well and Sanmina 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 Sanmina'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
BHE	1.44	0.03	0.02	0.16	2.94	(1.55)	3.22	(1.98)	18.09
MEI	2.63	0.16	0.04	0.23	5.16	(2.57)	5.59	(3.57)	33.90
OSIS	1.55	0.02	0.01	0.15	2.30	(1.47)	3.22	(3.17)	17.06
CLS	2.31	0.94	0.43	1.04	1.72	(3.01)	5.50	(3.40)	14.13
PLXS	1.11	0.04	0.02	0.18	1.09	(1.27)	2.47	(2.10)	6.55
FLEX	1.49	0.70	0.58	0.78	0.38	(1.94)	4.64	(1.55)	9.10
CTS	1.51	0.00	0.02	0.13	1.58	(1.78)	3.09	(2.78)	9.74
BELFA	2.20	0.30	0.15	0.32	1.96	(2.46)	4.98	(3.59)	13.68
JBL	1.31	0.67	0.58	0.82	0.00	(1.64)	3.95	(1.38)	10.46
FN	2.02	0.56	0.27	0.48	1.88	(2.47)	5.54	(2.71)	13.79

Sanmina Corporate Management

Alan Reid	Executive VP of Global HR	Profile
Vishnu Venkatesh	Senior Transformation	Profile
Paige Melching	Senior Communications	Profile
Kurt Adzema	Ex CFO	Profile

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