Vishay Precision Correlations

VPG Stock

USD 28.02 0.27 0.97%

The current 90-days correlation between Vishay Precision and Mesa Laboratories is 0.39 (i.e., Weak diversification). The correlation of Vishay Precision 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.

Vishay Precision Correlation With Market

Very weak diversification

The correlation between Vishay Precision Group and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vishay Precision Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vishay Stock

0.9	ST	Sensata Technologies	Pair Corr
0.84	FARO	FARO Technologies	Pair Corr
0.84	BMI	Badger Meter	Pair Corr
0.91	ESE	ESCO Technologies	Pair Corr
0.64	FTV	Fortive Corp	Pair Corr
0.8	TDY	Teledyne Technologies Earnings Call This Week	Pair Corr
0.92	VNT	Vontier Corp	Pair Corr
0.76	GRMN	Garmin	Pair Corr
0.82	ITRI	Itron Inc	Pair Corr
0.88	ITRN	Ituran Location	Pair Corr
0.91	KEYS	Keysight Technologies	Pair Corr
0.7	MIND	Mind Technology	Pair Corr
0.89	MKSI	MKS Instruments	Pair Corr
0.85	NOVT	Novanta	Pair Corr
0.74	BKSY	Blacksky Technology	Pair Corr
0.9	TRMB	Trimble	Pair Corr
0.92	CGNX	Cognex	Pair Corr
0.91	COHR	Coherent	Pair Corr
0.89	VRRM	Verra Mobility Corp	Pair Corr
0.63	ENLV	Enlivex Therapeutics	Pair Corr
0.82	FRGE	Forge Global Holdings	Pair Corr
0.82	IBM	International Business Earnings Call This Week	Pair Corr
0.83	LPL	LG Display Earnings Call This Week	Pair Corr

Moving against Vishay Stock

0.53	MLAB	Mesa Laboratories	Pair Corr
0.51	GNSS	Genasys	Pair Corr
0.33	FCUV	Focus Universal	Pair Corr
0.8	SVRE	SaverOne 2014 Buyout Trend	Pair Corr
0.44	ARQQW	Arqit Quantum Warrants	Pair Corr
0.37	ODYS	Odysightai Common Stock	Pair Corr

Related Correlations Analysis

	VNT	ESE	MKSI	ST	FTV	CGNX	NOVT	MLAB
VNT		0.98	0.95	0.95	0.66	0.98	0.88	-0.55	VNT
ESE	0.98		0.96	0.97	0.61	0.95	0.83	-0.63	ESE
MKSI	0.95	0.96		0.99	0.54	0.95	0.85	-0.68	MKSI
ST	0.95	0.97	0.99		0.55	0.95	0.84	-0.69	ST
FTV	0.66	0.61	0.54	0.55		0.61	0.78	0.06	FTV
CGNX	0.98	0.95	0.95	0.95	0.61		0.87	-0.57	CGNX
NOVT	0.88	0.83	0.85	0.84	0.78	0.87		-0.27	NOVT
MLAB	-0.55	-0.63	-0.68	-0.69	0.06	-0.57	-0.27		MLAB
	VNT	ESE	MKSI	ST	FTV	CGNX	NOVT	MLAB

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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

ST	+ 0.99	MKSI
ESE	+ 0.98	VNT
CGNX	+ 0.98	VNT
ST	+ 0.97	ESE
MKSI	+ 0.96	ESE
MKSI	+ 0.95	VNT

High negative correlations

MLAB	- 0.69	ST
MLAB	- 0.68	MKSI
MLAB	- 0.63	ESE
MLAB	- 0.57	CGNX
MLAB	- 0.55	VNT
MLAB	- 0.27	NOVT

Risk-Adjusted Indicators

There is a big difference between Vishay Stock performing well and Vishay Precision 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 Vishay Precision'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
VNT	1.13	0.21	0.19	0.31	0.90	(1.34)	2.16	(2.16)	7.79
ESE	1.35	0.29	0.22	0.41	1.01	(1.71)	3.25	(1.99)	10.04
MKSI	2.50	0.37	0.22	0.28	2.10	(2.99)	6.25	(4.67)	18.27
ST	2.00	0.50	0.29	0.42	1.41	(2.29)	4.01	(2.98)	18.61
FTV	1.15	(0.11)	(0.07)	0.03	1.42	(1.26)	2.68	(2.21)	7.92
CGNX	1.61	0.34	0.24	0.39	1.23	(1.87)	4.02	(2.10)	11.44
NOVT	1.56	(0.08)	(0.01)	0.08	1.78	(1.69)	2.88	(3.40)	11.36
MLAB	2.39	(0.94)	0.00	(0.38)	0.00	0.00	3.69	(6.38)	14.48

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