Deswell Industries Correlations
| DSWL Stock | USD 2.62 0.02 0.77% |
The current 90-days correlation between Deswell Industries and Plexus Corp is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Deswell Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deswell Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Deswell Industries Correlation With Market
Good diversification
The correlation between Deswell Industries and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deswell Industries and DJI in the same portfolio, assuming nothing else is changed.
Deswell |
Moving together with Deswell Stock
| 0.73 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.64 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.63 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | WMT | Walmart Aggressive Push | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.64 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | HD | Home Depot | PairCorr |
| 0.63 | T | ATT Inc Aggressive Push | PairCorr |
Moving against Deswell Stock
| 0.61 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.57 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.49 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.34 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.95 | 0.91 | 0.89 | -0.3 | 0.35 | PLXS | ||
| 0.95 | 0.87 | 0.92 | -0.11 | 0.41 | BHE | ||
| 0.91 | 0.87 | 0.68 | -0.11 | 0.25 | JBL | ||
| 0.89 | 0.92 | 0.68 | -0.27 | 0.51 | SANM | ||
| -0.3 | -0.11 | -0.11 | -0.27 | 0.27 | MEI | ||
| 0.35 | 0.41 | 0.25 | 0.51 | 0.27 | OSIS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Deswell Stock performing well and Deswell Industries 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 Deswell Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLXS | 1.40 | 0.19 | 0.18 | 0.22 | 1.18 | 3.38 | 12.92 | |||
| BHE | 1.66 | (0.02) | 0.07 | 0.11 | 1.78 | 3.32 | 13.28 | |||
| JBL | 1.33 | 0.12 | 0.13 | 0.19 | 1.21 | 2.80 | 15.06 | |||
| SANM | 1.46 | (0.01) | 0.08 | 0.12 | 1.42 | 2.44 | 15.90 | |||
| MEI | 2.78 | (0.26) | 0.01 | 0.05 | 3.20 | 7.64 | 18.54 | |||
| OSIS | 1.43 | (0.08) | 0.00 | 0.07 | 1.85 | 3.51 | 9.44 |