Fabrinet Correlations

FN Stock

USD 455.28 6.65 1.44%

The current 90-days correlation between Fabrinet and Fortive Corp is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fabrinet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fabrinet moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fabrinet Correlation With Market

Very weak diversification

The correlation between Fabrinet and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fabrinet and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fabrinet Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fabrinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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

Moving together with Fabrinet Stock

0.61	300259	Suntront Tech	Pair Corr
0.68	688053	Chengdu Screen Micro	Pair Corr
0.68	002134	Tianjin Printronics	Pair Corr
0.73	603556	Hexing Electrical	Pair Corr

Moving against Fabrinet Stock

0.8	300333	Sinosun Tech	Pair Corr
0.72	000938	Unisplendour Corp	Pair Corr
0.66	002960	Jade Bird Fire	Pair Corr
0.56	DSWL	Deswell Industries	Pair Corr
0.54	VRME	VerifyMe	Pair Corr
0.42	603936	Bomin Electronics	Pair Corr
0.41	AMPGW	AmpliTech Group	Pair Corr
0.79	EHGO	Eshallgo Class A	Pair Corr
0.68	EBON	Ebang International	Pair Corr
0.56	002819	Beijing Oriental Jicheng	Pair Corr
0.43	ELTK	Eltek	Pair Corr
0.41	000988	Huagong Tech	Pair Corr
0.37	SOLI	Solid State Plc	Pair Corr
0.35	SATLW	Satellogic Warrant	Pair Corr
0.6	002402	Shenzhen HT Intelligent	Pair Corr
0.51	000050	Tianma Microelectronics	Pair Corr
0.5	300065	Beijing Highlander	Pair Corr
0.37	EVLV	Evolv Technologies	Pair Corr

Related Correlations Analysis

	FTV	TRMB	MKSI	DT	GEN	ENTG	DOCU	BSY	LITE	ZBRA
FTV		0.39	0.88	-0.81	0.27	-0.26	-0.25	-0.85	0.96	-0.61	FTV
TRMB	0.39		0.45	-0.07	0.45	0.4	0.43	-0.05	0.37	0.24	TRMB
MKSI	0.88	0.45		-0.7	0.02	-0.2	-0.31	-0.76	0.91	-0.54	MKSI
DT	-0.81	-0.07	-0.7		-0.04	0.61	0.52	0.93	-0.85	0.78	DT
GEN	0.27	0.45	0.02	-0.04		0.43	0.43	0.01	0.17	0.32	GEN
ENTG	-0.26	0.4	-0.2	0.61	0.43		0.53	0.65	-0.35	0.81	ENTG
DOCU	-0.25	0.43	-0.31	0.52	0.43	0.53		0.46	-0.29	0.52	DOCU
BSY	-0.85	-0.05	-0.76	0.93	0.01	0.65	0.46		-0.9	0.85	BSY
LITE	0.96	0.37	0.91	-0.85	0.17	-0.35	-0.29	-0.9		-0.68	LITE
ZBRA	-0.61	0.24	-0.54	0.78	0.32	0.81	0.52	0.85	-0.68		ZBRA
	FTV	TRMB	MKSI	DT	GEN	ENTG	DOCU	BSY	LITE	ZBRA

Please upgrade your account to get full access to Macroaxis premium features

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

LITE	+ 0.96	FTV
BSY	+ 0.93	DT
LITE	+ 0.91	MKSI
MKSI	+ 0.88	FTV
ZBRA	+ 0.85	BSY
ZBRA	+ 0.81	ENTG

High negative correlations

LITE	- 0.9	BSY
LITE	- 0.85	DT
BSY	- 0.85	FTV
DT	- 0.81	FTV
BSY	- 0.76	MKSI
DT	- 0.7	MKSI

Risk-Adjusted Indicators

There is a big difference between Fabrinet Stock performing well and Fabrinet 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 Fabrinet'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
FTV	0.89	0.16	0.14	0.26	0.86	(1.04)	2.11	(1.41)	5.25
TRMB	1.26	(0.13)	0.00	(0.02)	0.00	0.00	2.51	(2.74)	9.57
MKSI	2.45	0.35	0.11	0.22	3.32	(2.55)	5.59	(5.92)	17.56
DT	1.27	(0.21)	0.00	(0.26)	0.00	0.00	2.68	(3.61)	8.63
GEN	0.94	(0.12)	0.00	(0.08)	0.00	0.00	2.26	(1.66)	5.68
ENTG	2.65	(0.25)	0.00	(0.02)	0.00	0.00	4.65	(6.74)	17.33
DOCU	1.92	(0.30)	0.00	(0.17)	0.00	0.00	3.50	(4.33)	13.00
BSY	1.36	(0.51)	0.00	(0.42)	0.00	0.00	2.70	(3.09)	14.39
LITE	4.39	1.24	0.25	0.44	4.37	(4.89)	9.58	(6.60)	36.83
ZBRA	1.78	(0.39)	0.00	(0.14)	0.00	0.00	3.10	(3.78)	15.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC