Benchmark Electronics Correlations

BMU Stock

EUR 40.40 0.80 1.94%

The current 90-days correlation between Benchmark Electronics and ARDAGH METAL PACDL 0001 is 0.26 (i.e., Modest diversification). The correlation of Benchmark Electronics 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.

Benchmark Electronics Correlation With Market

Very weak diversification

The correlation between Benchmark Electronics 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 Benchmark Electronics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Benchmark Stock

0.63	JBL	Jabil Inc	Pair Corr
0.8	PX4	Plexus Corp	Pair Corr
0.79	TT1	TTM Technologies Earnings Call This Week	Pair Corr
0.63	AUS	AT S Austria Earnings Call This Week	Pair Corr
0.62	WMT	Walmart	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.61	ELG	Elmos Semiconductor	Pair Corr

Moving against Benchmark Stock

0.4	DBPD	Xtrackers ShortDAX	Pair Corr
0.38	HHP2	Hon Hai Precision	Pair Corr
0.31	NVPA	KCE EL PCL	Pair Corr

Related Correlations Analysis

	GQR0	RKET	7JZ	6LA
GQR0		0.9	0.77	0.22	GQR0
RKET	0.9		0.83	0.22	RKET
7JZ	0.77	0.83		0.41	7JZ
6LA	0.22	0.22	0.41		6LA
	GQR0	RKET	7JZ	6LA

Risk-Adjusted Indicators

There is a big difference between Benchmark Stock performing well and Benchmark 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 Benchmark 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
GQR0	2.67	0.61	0.15	1.10	3.10	(3.01)	7.14	(5.11)	23.62
RKET	1.55	0.51	0.26	(9.65)	1.08	(2.34)	3.16	(1.85)	13.55
7JZ	2.48	0.26	0.07	0.38	3.07	(2.87)	5.39	(5.30)	22.38
6LA	1.03	0.05	0.00	1.02	1.00	(1.76)	2.77	(1.85)	7.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Benchmark Electronics 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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Benchmark Electronics Corporate Management

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

Dave Clark	VP Officer	Profile
Jan Janick	VP CTO	Profile
Scott Hicar	VP Officer	Profile
Michael Buseman	Ex COO	Profile
Rhonda Turner	VP Officer	Profile
Stephen Esq	Corp VP	Profile
Paul Mansky	Investor Officer	Profile

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