Methode Electronics Correlations
| ME5A Stock | EUR 11.30 0.50 4.24% |
The correlation of Methode 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.
Methode Electronics Correlation With Market
Good diversification
The correlation between Methode Electronics and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Methode Electronics and DJI in the same portfolio, assuming nothing else is changed.
Methode |
The ability to find closely correlated positions to Methode 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 Methode 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 Methode 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 Methode Electronics to buy it.
Moving together with Methode Stock
| 0.82 | SXC | Sunny Optical Technology | PairCorr |
| 0.63 | XKR | KAR Auction Services | PairCorr |
| 0.85 | NTOA | Nintendo | PairCorr |
| 0.86 | IFX | Infineon Technologies | PairCorr |
| 0.84 | FTK | flatexDEGIRO AG | PairCorr |
| 0.64 | C7T | CTT Correios | PairCorr |
| 0.67 | MEC | Meiko Electronics | PairCorr |
| 0.75 | ITB | IMPERIAL TOBACCO | PairCorr |
| 0.64 | FOO | Salesforce | PairCorr |
| 0.76 | TL0 | Tesla Inc Earnings Call This Week | PairCorr |
| 0.91 | CAC1 | Casio Computer CoLtd | PairCorr |
| 0.63 | AAH | AHLERS | PairCorr |
| 0.65 | KEL | Kellogg Company | PairCorr |
Moving against Methode Stock
| 0.76 | PKX | POSCO Holdings Earnings Call This Week | PairCorr |
| 0.73 | KBIA | KB Financial Group | PairCorr |
| 0.72 | HHP2 | Hon Hai Precision | PairCorr |
| 0.64 | XSDG | Samsung SDI | PairCorr |
| 0.6 | HYU | Hyundai Motor Earnings Call This Week | PairCorr |
| 0.56 | SSUN | Samsung Electronics | PairCorr |
| 0.55 | SSU | Samsung Electronics | PairCorr |
| 0.51 | MUR1 | Murata Manufacturing | PairCorr |
| 0.48 | 2WGA | WOORI FIN GRP | PairCorr |
Related Correlations Analysis
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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 Methode Stock performing well and Methode 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 Methode 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GM6 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBW | 1.85 | 0.21 | 0.08 | (2.72) | 2.07 | 4.63 | 10.19 | |||
| 31WN | 2.20 | (0.07) | 0.00 | 0.62 | 0.00 | 5.10 | 24.80 | |||
| RUZ | 1.95 | (0.48) | 0.00 | 1.06 | 0.00 | 3.20 | 24.85 | |||
| GG7 | 1.41 | (0.15) | 0.00 | 1.64 | 0.00 | 2.98 | 11.11 | |||
| WA7 | 3.06 | (0.15) | 0.00 | 0.56 | 0.00 | 6.32 | 37.39 | |||
| M8Z | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UEN | 2.18 | (0.10) | 0.00 | (0.46) | 0.00 | 4.10 | 18.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Methode 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.Did you try this?
Run Bollinger Bands Now
Bollinger BandsUse Bollinger Bands indicator to analyze target price for a given investing horizon |
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Methode Electronics Corporate Management
Elected by the shareholders, the Methode Electronics' board of directors comprises two types of representatives: Methode Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Methode. The board's role is to monitor Methode Electronics' management team and ensure that shareholders' interests are well served. Methode 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, Methode Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Shermetaro | VP Devel | Profile | |
| Kevin Martin | VP America | Profile | |
| Donald Duda | CEO Pres | Profile | |
| Andrea Barry | Chief Officer | Profile | |
| Amit Patel | Chief Officer | Profile | |
| Kristine Walczak | VP Communications | Profile | |
| Kerry Vyverberg | G Counsel | Profile |