Littelfuse Correlations

LFS Stock

EUR 302.00 10.00 3.42%

The current 90-days correlation between Littelfuse and Alphabet Class A is 0.16 (i.e., Average diversification). The correlation of Littelfuse 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.

Littelfuse Correlation With Market

Poor diversification

The correlation between Littelfuse and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Littelfuse and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Littelfuse Stock

0.61	GPT	Genuine Parts	Pair Corr
0.97	PPQ	PPG INDUSTRIES	Pair Corr
0.81	L3X	Centrais Elétricas Earnings Call This Week	Pair Corr
0.87	G40	GDS Holdings Limited	Pair Corr
0.83	SII	Wheaton Precious Metals	Pair Corr
0.91	HKT	HK Electric Investments	Pair Corr
0.76	10N	Enter Air SA	Pair Corr
0.87	RATV	Raisio plc	Pair Corr
0.91	43C	CACTUS INC CLA Earnings Call This Week	Pair Corr
0.67	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.61	LA3A	Laureate Education	Pair Corr
0.88	PAE	PACCAR	Pair Corr
0.82	SKNB	Skanska AB	Pair Corr
0.67	CVC1	Carnival plc	Pair Corr
0.92	TWZ	Trican Well Service	Pair Corr
0.87	1KT	Keysight Technologies Earnings Call This Week	Pair Corr
0.74	PYCP	Minera Alamos Split	Pair Corr
0.88	3RB	RECKITT BENCK GRP	Pair Corr
0.63	41B	Bellway PLC	Pair Corr

Moving against Littelfuse Stock

0.56	3HB	Hybrigenics Societe	Pair Corr
0.33	7YC	Synthomer plc	Pair Corr
0.66	DBPD	Xtrackers ShortDAX	Pair Corr
0.49	777	EUROSPORTS GLOBAL LTD	Pair Corr
0.39	EFF	DTEFFWECHSEL BET Split	Pair Corr

Related Correlations Analysis

	NVDG	NVD	NVD	APC8	APC	APC	ABEC	ABEC	ABEA	ABEA
NVDG		0.48	0.7	-0.21	-0.28	-0.27	0.05	0.02	-0.02	0.05	NVDG
NVD	0.48		0.72	-0.28	-0.27	-0.26	0.01	-0.12	-0.14	0.02	NVD
NVD	0.7	0.72		-0.27	-0.27	-0.22	0.1	0.02	-0.01	0.11	NVD
APC8	-0.21	-0.28	-0.27		0.83	0.89	-0.38	-0.29	-0.26	-0.38	APC8
APC	-0.28	-0.27	-0.27	0.83		0.96	-0.31	-0.26	-0.25	-0.31	APC
APC	-0.27	-0.26	-0.22	0.89	0.96		-0.32	-0.26	-0.24	-0.32	APC
ABEC	0.05	0.01	0.1	-0.38	-0.31	-0.32		0.94	0.93	1.0	ABEC
ABEC	0.02	-0.12	0.02	-0.29	-0.26	-0.26	0.94		0.99	0.94	ABEC
ABEA	-0.02	-0.14	-0.01	-0.26	-0.25	-0.24	0.93	0.99		0.93	ABEA
ABEA	0.05	0.02	0.11	-0.38	-0.31	-0.32	1.0	0.94	0.93		ABEA
	NVDG	NVD	NVD	APC8	APC	APC	ABEC	ABEC	ABEA	ABEA

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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

ABEA	+ 1.0	ABEC
ABEA	+ 0.99	ABEC
APC	+ 0.96	APC
ABEC	+ 0.94	ABEC
ABEA	+ 0.94	ABEC
ABEA	+ 0.93	ABEC

High negative correlations

ABEA	- 0.38	APC8
ABEC	- 0.38	APC8
ABEA	- 0.32	APC
ABEC	- 0.32	APC
ABEA	- 0.31	APC
ABEC	- 0.31	APC

Risk-Adjusted Indicators

There is a big difference between Littelfuse Stock performing well and Littelfuse 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 Littelfuse'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
NVDG	2.03	(0.06)	0.00	(0.18)	0.00	0.00	4.18	(5.13)	12.01
NVD	1.46	(0.01)	0.00	0.14	0.00	0.00	3.36	(3.90)	8.65
NVD	1.59	(0.06)	(0.03)	0.01	1.92	(1.60)	3.11	(3.15)	11.01
APC8	1.22	(0.03)	0.00	0.21	0.00	0.00	3.64	(2.59)	9.65
APC	1.05	(0.09)	0.00	(0.62)	0.00	0.00	2.62	(2.11)	7.96
APC	1.03	(0.14)	0.00	(0.11)	0.00	0.00	2.43	(2.51)	9.28
ABEC	1.32	0.16	0.07	0.79	1.24	(1.67)	3.10	(2.46)	7.76
ABEC	1.22	0.09	0.03	0.31	1.21	(1.42)	2.78	(2.27)	7.95
ABEA	1.27	0.10	0.03	0.71	1.33	(1.43)	2.93	(2.44)	9.71
ABEA	1.32	0.16	0.07	0.83	1.28	(1.53)	3.22	(2.46)	8.07

Be your own money manager

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

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

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