Rogers Correlations

ROG Stock

USD 93.10 3.24 3.36%

The current 90-days correlation between Rogers and Benchmark Electronics is -0.09 (i.e., Good diversification). The correlation of Rogers 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.

Rogers Correlation With Market

Very weak diversification

The correlation between Rogers and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rogers and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Rogers Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rogers. 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.

For more detail on how to invest in Rogers Stock please use our How to Invest in Rogers guide.

Moving together with Rogers Stock

0.8	301321	Highbroad Advanced	Pair Corr
0.73	301123	YiDong Electronics	Pair Corr
0.78	FEIM	Frequency Electronics	Pair Corr
0.61	688375	Guobo Electronics	Pair Corr
0.75	300939	Shenzhen AV Display	Pair Corr
0.77	601231	Universal Scientific	Pair Corr

Moving against Rogers Stock

0.57	002175	Oriental Times Media	Pair Corr
0.51	300333	Sinosun Tech	Pair Corr
0.4	SNT	Senstar Technologies	Pair Corr
0.35	LPL	LG Display	Pair Corr
0.31	000938	Unisplendour Corp	Pair Corr
0.31	300296	Leyard Optoelectronic	Pair Corr
0.68	600082	Tianjin Hi Tech	Pair Corr
0.56	IMTE	Integrated Media Tec	Pair Corr
0.48	002161	Invengo Information	Pair Corr
0.45	300184	Wuhan PS Information	Pair Corr
0.43	SNT	Sabien Technology	Pair Corr
0.38	LINK	Interlink Electronics	Pair Corr

Related Correlations Analysis

	BHE	OUST	VYX	PAR	CTS	KDK	ALIT	PLAB	CNXN	MLNK
BHE		-0.55	-0.71	-0.14	0.84	-0.11	-0.72	0.45	-0.22	0.82	BHE
OUST	-0.55		0.79	0.13	-0.53	0.17	0.87	-0.27	0.68	-0.53	OUST
VYX	-0.71	0.79		0.44	-0.66	0.18	0.89	-0.33	0.61	-0.61	VYX
PAR	-0.14	0.13	0.44		-0.1	0.37	0.15	0.24	0.3	-0.19	PAR
CTS	0.84	-0.53	-0.66	-0.1		0.07	-0.75	0.64	-0.15	0.76	CTS
KDK	-0.11	0.17	0.18	0.37	0.07		-0.04	0.63	0.21	-0.08	KDK
ALIT	-0.72	0.87	0.89	0.15	-0.75	-0.04		-0.46	0.67	-0.68	ALIT
PLAB	0.45	-0.27	-0.33	0.24	0.64	0.63	-0.46		0.15	0.26	PLAB
CNXN	-0.22	0.68	0.61	0.3	-0.15	0.21	0.67	0.15		-0.28	CNXN
MLNK	0.82	-0.53	-0.61	-0.19	0.76	-0.08	-0.68	0.26	-0.28		MLNK
	BHE	OUST	VYX	PAR	CTS	KDK	ALIT	PLAB	CNXN	MLNK

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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

ALIT	+ 0.89	VYX
ALIT	+ 0.87	OUST
CTS	+ 0.84	BHE
MLNK	+ 0.82	BHE
VYX	+ 0.79	OUST
MLNK	+ 0.76	CTS

High negative correlations

ALIT	- 0.75	CTS
ALIT	- 0.72	BHE
VYX	- 0.71	BHE
MLNK	- 0.68	ALIT
CTS	- 0.66	VYX
MLNK	- 0.61	VYX

Risk-Adjusted Indicators

There is a big difference between Rogers Stock performing well and Rogers 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 Rogers' 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
BHE	1.58	0.22	0.07	0.91	1.89	(1.57)	3.46	(3.20)	13.12
OUST	4.89	(0.35)	(0.01)	0.01	6.61	(4.52)	8.88	(9.69)	30.80
VYX	1.88	(0.43)	0.00	(0.15)	0.00	0.00	3.04	(4.50)	10.01
PAR	2.05	(0.21)	0.00	(0.05)	0.00	0.00	4.39	(5.40)	22.24
CTS	1.63	0.10	0.06	0.16	2.13	(1.60)	3.72	(4.10)	10.06
KDK	4.69	0.60	0.11	0.54	5.15	(5.24)	10.61	(7.75)	41.55
ALIT	2.26	(0.83)	0.00	(0.65)	0.00	0.00	4.09	(5.56)	12.74
PLAB	3.32	0.36	0.17	0.17	3.21	(4.21)	5.85	(6.80)	53.86
CNXN	1.03	(0.18)	0.00	(0.11)	0.00	0.00	2.31	(2.10)	6.33
MLNK	0.90	0.23	0.25	0.30	0.15	(1.32)	1.15	(0.96)	25.01

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