Plexus Corp Correlations

PLXS Stock

USD 161.39 0.62 0.38%

The current 90-days correlation between Plexus Corp and Celestica is 0.66 (i.e., Poor diversification). The correlation of Plexus Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Plexus Corp Correlation With Market

Poor diversification

The correlation between Plexus Corp and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plexus Corp and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Plexus Stock please use our How to Invest in Plexus Corp guide.

Moving together with Plexus Stock

0.84	EHGO	Eshallgo Class A	Pair Corr
0.92	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.87	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.93	CWAN	Clearwater Analytics	Pair Corr
0.87	WMT	Walmart Aggressive Push	Pair Corr
0.83	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.91	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.9	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.89	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.74	T	ATT Inc Aggressive Push	Pair Corr

Moving against Plexus Stock

0.9	KO	Coca Cola Aggressive Push	Pair Corr
0.9	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.56	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CLS	BHE	FLEX	JBL	SANM	BELFA	MEI	CTS	OSIS	LYTS
CLS		0.88	0.95	0.85	0.86	0.31	-0.47	0.87	0.36	0.9	CLS
BHE	0.88		0.92	0.87	0.92	0.47	-0.11	0.94	0.41	0.84	BHE
FLEX	0.95	0.92		0.92	0.84	0.47	-0.23	0.87	0.46	0.87	FLEX
JBL	0.85	0.87	0.92		0.68	0.7	-0.11	0.76	0.25	0.74	JBL
SANM	0.86	0.92	0.84	0.68		0.12	-0.27	0.97	0.51	0.87	SANM
BELFA	0.31	0.47	0.47	0.7	0.12		0.3	0.23	-0.08	0.18	BELFA
MEI	-0.47	-0.11	-0.23	-0.11	-0.27	0.3		-0.25	0.27	-0.31	MEI
CTS	0.87	0.94	0.87	0.76	0.97	0.23	-0.25		0.45	0.85	CTS
OSIS	0.36	0.41	0.46	0.25	0.51	-0.08	0.27	0.45		0.57	OSIS
LYTS	0.9	0.84	0.87	0.74	0.87	0.18	-0.31	0.85	0.57		LYTS
	CLS	BHE	FLEX	JBL	SANM	BELFA	MEI	CTS	OSIS	LYTS

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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

CTS	+ 0.97	SANM
FLEX	+ 0.95	CLS
CTS	+ 0.94	BHE
FLEX	+ 0.92	BHE
SANM	+ 0.92	BHE
JBL	+ 0.92	FLEX

High negative correlations

MEI	- 0.47	CLS
LYTS	- 0.31	MEI
MEI	- 0.27	SANM
CTS	- 0.25	MEI
MEI	- 0.23	FLEX
MEI	- 0.11	JBL

Risk-Adjusted Indicators

There is a big difference between Plexus Stock performing well and Plexus Corp 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 Plexus Corp'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
CLS	2.53	0.64	0.21	0.48	2.75	(2.81)	5.42	(4.03)	20.61
BHE	1.66	(0.02)	0.07	0.11	1.78	(1.86)	3.32	(3.84)	13.28
FLEX	1.86	0.18	0.16	0.21	1.67	(2.40)	5.67	(2.91)	10.62
JBL	1.33	0.12	0.13	0.19	1.21	(1.58)	2.80	(2.04)	15.06
SANM	1.46	(0.01)	0.08	0.12	1.42	(1.70)	2.44	(2.64)	15.90
BELFA	1.43	0.03	0.05	0.14	1.41	(1.84)	2.71	(2.61)	17.70
MEI	2.78	(0.26)	0.01	0.05	3.20	(3.24)	7.64	(5.30)	18.54
CTS	1.56	(0.07)	0.05	0.09	1.65	(1.78)	3.28	(2.79)	15.09
OSIS	1.43	(0.08)	0.00	0.07	1.85	(1.46)	3.51	(2.91)	9.44
LYTS	1.45	0.35	0.36	0.33	0.81	(1.93)	5.36	(1.65)	10.64

Plexus Corp Corporate Management

Steven Frisch	Chief Customer Officer and Executive VP	Profile
Ronald Darroch	Sr. VP of Global Manufacturing Solutions	Profile
Kyle McMillan	Chief Officer	Profile
Scott Theune	Chief Officer	Profile
Steven CA	Controller EMEA	Profile
Andy Hyatt	Chief Officer	Profile

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