Bel Fuse Correlations

BELFA Stock

USD 96.03 0.12 0.13%

The current 90-days correlation between Bel Fuse A and LSI Industries is 0.37 (i.e., Weak diversification). The correlation of Bel Fuse 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.

Bel Fuse Correlation With Market

Very weak diversification

The correlation between Bel Fuse A and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bel Fuse A and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bel Fuse A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Bel Stock

0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.75	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.71	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.67	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	HD	Home Depot	Pair Corr

Moving against Bel Stock

0.51	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	PG	Procter Gamble	Pair Corr
0.36	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.32	ASAN	Asana Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	RELL	LYTS	BHE	AMOT	PLXS	SANM	MEI	CTS	OSIS	BELFB
RELL		0.77	0.84	0.84	0.91	0.71	-0.39	0.77	0.15	0.59	RELL
LYTS	0.77		0.84	0.55	0.88	0.87	-0.31	0.85	0.57	0.36	LYTS
BHE	0.84	0.84		0.54	0.95	0.92	-0.11	0.94	0.41	0.55	BHE
AMOT	0.84	0.55	0.54		0.69	0.41	-0.43	0.48	0.0	0.5	AMOT
PLXS	0.91	0.88	0.95	0.69		0.89	-0.3	0.91	0.35	0.53	PLXS
SANM	0.71	0.87	0.92	0.41	0.89		-0.27	0.97	0.51	0.23	SANM
MEI	-0.39	-0.31	-0.11	-0.43	-0.3	-0.27		-0.25	0.27	0.36	MEI
CTS	0.77	0.85	0.94	0.48	0.91	0.97	-0.25		0.45	0.34	CTS
OSIS	0.15	0.57	0.41	0.0	0.35	0.51	0.27	0.45		0.18	OSIS
BELFB	0.59	0.36	0.55	0.5	0.53	0.23	0.36	0.34	0.18		BELFB
	RELL	LYTS	BHE	AMOT	PLXS	SANM	MEI	CTS	OSIS	BELFB

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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

CTS	+ 0.97	SANM
PLXS	+ 0.95	BHE
CTS	+ 0.94	BHE
SANM	+ 0.92	BHE
PLXS	+ 0.91	RELL
CTS	+ 0.91	PLXS

High negative correlations

MEI	- 0.43	AMOT
MEI	- 0.39	RELL
MEI	- 0.31	LYTS
MEI	- 0.3	PLXS
MEI	- 0.27	SANM
CTS	- 0.25	MEI

Risk-Adjusted Indicators

There is a big difference between Bel Stock performing well and Bel Fuse 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 Bel Fuse'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
RELL	1.46	0.17	0.13	0.26	1.23	(1.73)	3.38	(1.91)	11.38
LYTS	1.45	0.35	0.36	0.33	0.81	(1.93)	5.36	(1.65)	10.64
BHE	1.66	(0.02)	0.07	0.11	1.78	(1.86)	3.32	(3.84)	13.28
AMOT	1.53	0.24	0.01	(0.17)	2.13	(1.55)	3.59	(3.35)	9.59
PLXS	1.40	0.19	0.18	0.22	1.18	(1.57)	3.38	(1.91)	12.92
SANM	1.46	(0.01)	0.08	0.12	1.42	(1.70)	2.44	(2.64)	15.90
MEI	2.78	(0.26)	0.01	0.05	3.20	(3.24)	7.64	(5.30)	18.54
CTS	1.56	(0.07)	0.05	0.09	1.65	(1.78)	3.28	(2.79)	15.09
OSIS	1.43	(0.08)	0.00	0.07	1.85	(1.46)	3.51	(2.91)	9.44
BELFB	1.83	0.05	0.12	0.14	1.60	(2.22)	3.00	(2.86)	20.73

Bel Fuse Corporate Management

Steve Dawson	VP Protection	Profile
Uma Pingali	Global Marketing	Profile
Sherry Urban	VP HR	Profile
Lynn Hutkin	Principal Reporting	Profile
Farouq Tuweiq	Principal CFO	Profile
Ping Gencianeo	Global Director	Profile

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