Jabil Correlations

JBL Stock

EUR 126.00 1.00 0.80%

The current 90-days correlation between Jabil Inc and Talanx AG is 0.05 (i.e., Significant diversification). The correlation of Jabil 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.

Jabil Correlation With Market

Average diversification

The correlation between Jabil Inc and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jabil Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jabil Stock

0.93	PX4	Plexus Corp	Pair Corr
0.85	TT1	TTM Technologies	Pair Corr
0.88	BMU	Benchmark Electronics	Pair Corr
0.85	SIX2	Sixt SE	Pair Corr

Moving against Jabil Stock

0.88	GD6	Ramsay Gnrale de	Pair Corr
0.66	HVB	ÜSTRA Hannoversche	Pair Corr
0.66	DBPD	Xtrackers ShortDAX	Pair Corr
0.63	NVPA	KCE EL PCL	Pair Corr
0.38	HAA1	Hana Microelectronics	Pair Corr
0.37	AUS	AT S Austria	Pair Corr

Related Correlations Analysis

	PX4	8SP	6NM	39O1	2DG	TM9	TLX	INVN
PX4		-0.88	-0.35	-0.07	-0.87	-0.18	-0.02	0.89	PX4
8SP	-0.88		0.58	0.29	0.77	0.32	0.09	-0.77	8SP
6NM	-0.35	0.58		0.47	0.22	0.17	0.35	-0.19	6NM
39O1	-0.07	0.29	0.47		0.16	0.42	-0.2	-0.01	39O1
2DG	-0.87	0.77	0.22	0.16		0.23	-0.1	-0.86	2DG
TM9	-0.18	0.32	0.17	0.42	0.23		-0.15	-0.16	TM9
TLX	-0.02	0.09	0.35	-0.2	-0.1	-0.15		0.11	TLX
INVN	0.89	-0.77	-0.19	-0.01	-0.86	-0.16	0.11		INVN
	PX4	8SP	6NM	39O1	2DG	TM9	TLX	INVN

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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

INVN	+ 0.89	PX4
2DG	+ 0.77	8SP
6NM	+ 0.58	8SP
39O1	+ 0.47	6NM
TM9	+ 0.42	39O1
TLX	+ 0.35	6NM

High negative correlations

8SP	- 0.88	PX4
2DG	- 0.87	PX4
INVN	- 0.86	2DG
INVN	- 0.77	8SP
6NM	- 0.35	PX4
TLX	- 0.2	39O1

Risk-Adjusted Indicators

There is a big difference between Jabil Stock performing well and Jabil 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 Jabil'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
PX4	1.53	0.41	0.20	0.67	1.27	(2.08)	3.70	(2.21)	12.84
8SP	2.07	(0.11)	0.00	0.59	0.00	0.00	3.36	(4.74)	20.22
6NM	1.25	0.02	(0.01)	0.14	1.73	(1.39)	2.89	(2.69)	9.64
39O1	3.53	0.06	(0.01)	0.49	3.52	(4.94)	8.41	(5.38)	24.06
2DG	4.16	(1.39)	0.00	(0.70)	0.00	0.00	7.14	(8.57)	52.42
TM9	2.82	0.01	0.00	0.09	0.00	0.00	5.56	(6.43)	36.50
TLX	0.96	(0.05)	(0.09)	0.01	1.14	(1.11)	2.67	(1.64)	7.58
INVN	2.13	0.15	0.06	0.26	2.41	(2.54)	5.61	(4.25)	14.01

Be your own money manager

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

Elected by the shareholders, the Jabil's board of directors comprises two types of representatives: Jabil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jabil. The board's role is to monitor Jabil's management team and ensure that shareholders' interests are well served. Jabil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jabil's outside directors are responsible for providing unbiased perspectives on the board's policies.

May Yap	VP Officer	Profile
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Beth Walters	IR Contact Officer	Profile
Gerald Creadon	Ex Operations	Profile
Roberto Ferri	VP Officer	Profile

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