Preformed Line Correlations

PLPC Stock

USD 248.09 7.08 2.94%

The current 90-days correlation between Preformed Line Products and Barrett Business Services is 0.24 (i.e., Modest diversification). The correlation of Preformed Line 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.

Preformed Line Correlation With Market

Poor diversification

The correlation between Preformed Line Products 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 Preformed Line Products and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Preformed Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Preformed Line Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Preformed Stock

0.77	VICR	Vicor	Pair Corr
0.79	ELVA	Electrovaya	Pair Corr
0.8	ELVA	Electrovaya	Pair Corr
0.64	605277	Xinya Electronic	Pair Corr
0.63	FCEL	FuelCell Energy	Pair Corr
0.71	ESP	Espey Mfg Electronics	Pair Corr
0.66	RBC	RBC Bearings Earnings Call This Week	Pair Corr
0.73	603662	Keli Sensing Technology	Pair Corr
0.76	600363	Jiangxi Lianchuang Opto	Pair Corr
0.7	002339	Integrated Electronic	Pair Corr
0.7	GRID	Tantalus Systems Holding	Pair Corr
0.69	003021	Henzhen Zhaowei Machinery	Pair Corr
0.66	603115	Nantong Haixing Elec	Pair Corr

Moving against Preformed Stock

0.54	301358	Hunan Yuneng New	Pair Corr
0.51	FOS	FOS Capital	Pair Corr
0.48	AYI	Acuity Brands	Pair Corr
0.38	CPV	Clearvue Technologies	Pair Corr
0.51	NVVE	Nuvve Holding Corp	Pair Corr
0.45	300207	Sunwoda Electronic	Pair Corr
0.39	BKRKF	PT Bank Rakyat	Pair Corr
0.31	600110	Nuode Investment	Pair Corr

Related Correlations Analysis

	BBSI	SLDP	LMB	ASTE	SFL	RDW	GIC	THR	ECO	BLDP
BBSI		0.17	0.88	0.66	-0.41	0.47	0.67	-0.33	-0.14	0.34	BBSI
SLDP	0.17		0.23	0.05	-0.24	-0.1	-0.26	-0.41	-0.07	0.81	SLDP
LMB	0.88	0.23		0.7	-0.55	0.45	0.61	-0.34	-0.34	0.5	LMB
ASTE	0.66	0.05	0.7		0.08	0.77	0.71	0.32	0.18	0.02	ASTE
SFL	-0.41	-0.24	-0.55	0.08		0.4	-0.08	0.83	0.82	-0.67	SFL
RDW	0.47	-0.1	0.45	0.77	0.4		0.58	0.55	0.38	-0.27	RDW
GIC	0.67	-0.26	0.61	0.71	-0.08	0.58		0.14	0.0	-0.17	GIC
THR	-0.33	-0.41	-0.34	0.32	0.83	0.55	0.14		0.6	-0.75	THR
ECO	-0.14	-0.07	-0.34	0.18	0.82	0.38	0.0	0.6		-0.45	ECO
BLDP	0.34	0.81	0.5	0.02	-0.67	-0.27	-0.17	-0.75	-0.45		BLDP
	BBSI	SLDP	LMB	ASTE	SFL	RDW	GIC	THR	ECO	BLDP

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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

LMB	+ 0.88	BBSI
THR	+ 0.83	SFL
ECO	+ 0.82	SFL
BLDP	+ 0.81	SLDP
RDW	+ 0.77	ASTE
GIC	+ 0.71	ASTE

High negative correlations

BLDP	- 0.75	THR
BLDP	- 0.67	SFL
SFL	- 0.55	LMB
BLDP	- 0.45	ECO
THR	- 0.41	SLDP
SFL	- 0.41	BBSI

Risk-Adjusted Indicators

There is a big difference between Preformed Stock performing well and Preformed Line 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 Preformed Line'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
BBSI	1.39	(0.25)	0.00	(0.15)	0.00	0.00	2.11	(2.57)	15.33
SLDP	4.87	(0.17)	0.00	0.01	5.87	(6.01)	9.41	(8.29)	72.11
LMB	2.37	(0.32)	0.00	(0.08)	0.00	0.00	5.02	(5.25)	14.83
ASTE	1.50	(0.11)	(0.04)	0.00	1.72	(1.60)	3.72	(2.82)	7.79
SFL	1.27	0.32	0.20	0.58	1.08	(1.47)	3.12	(1.60)	13.61
RDW	6.05	0.91	0.16	0.37	5.86	(7.14)	13.96	(8.57)	31.28
GIC	1.16	(0.25)	0.00	(0.20)	0.00	0.00	2.63	(1.85)	18.84
THR	1.75	0.64	0.39	0.63	1.22	(2.23)	3.70	(2.28)	15.73
ECO	1.96	0.39	0.13	(0.69)	2.06	(2.32)	4.38	(3.36)	15.37
BLDP	2.36	(0.47)	0.00	(0.14)	0.00	0.00	4.87	(5.63)	15.31

Preformed Line Corporate Management

Dennis McKenna	Executive VP of Global Bus. Devel.	Profile
Tie Koh	Vice Region	Profile
Caroline Vaccariello	General Counsel, Corporate Secretary	Profile
William III	Vice Region	Profile

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