Rogers Correlations

ROG Stock

USD 107.11 1.22 1.13%

The current 90-days correlation between Rogers and Benchmark Electronics is 0.48 (i.e., Very weak 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 poor diversification

The correlation between Rogers and DJI is 0.89 (i.e., Very poor 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

0.89	Q	Qnity Electronics Tech Boost	Pair Corr
0.63	FN	Fabrinet	Pair Corr
0.86	KN	Knowles Cor	Pair Corr
0.89	LFS	Littelfuse	Pair Corr
0.9	PX4	Plexus Corp	Pair Corr
0.72	P4O	Plan Optik AG	Pair Corr
0.79	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.61	VRME	VerifyMe	Pair Corr
0.63	PRHA	Prosegur Compaa de	Pair Corr
0.74	SATLW	Satellogic Warrant	Pair Corr
0.9	MKT	MKS Instruments	Pair Corr
0.85	VNI	Avnet Inc	Pair Corr
0.87	BRV	Brady	Pair Corr
0.87	H7B	COHERENT CORP	Pair Corr
0.79	BAERW	Bridger Aerospace	Pair Corr
0.82	MLI	MESA LABS INC	Pair Corr

Moving against Rogers Stock

0.77	EBON	Ebang International	Pair Corr
0.68	OBD	Obducat AB	Pair Corr
0.64	AMPGW	AmpliTech Group	Pair Corr
0.44	KE	Kimball Electronics	Pair Corr
0.87	EHGO	Eshallgo Class A	Pair Corr
0.59	ELSE	Electro Sensors	Pair Corr
0.57	75S	SDM SE INH	Pair Corr
0.53	EVLV	Evolv Technologies	Pair Corr
0.35	OTK	Otsuka	Pair Corr
0.77	FCUV	Focus Universal	Pair Corr
0.55	SC3	ScanSource	Pair Corr
0.4	GEG	GEO Group	Pair Corr
0.39	WRAP	Wrap Technologies	Pair Corr

Related Correlations Analysis

	BHE	OUST	VYX	PAR	CTS	KDK	ALIT	PLAB	CNXN	MLNK
BHE		-0.51	-0.65	-0.9	0.95	0.01	-0.81	0.64	0.7	0.4	BHE
OUST	-0.51		0.69	0.72	-0.43	0.17	0.36	-0.13	-0.56	0.02	OUST
VYX	-0.65	0.69		0.78	-0.47	0.36	0.48	-0.17	-0.38	0.06	VYX
PAR	-0.9	0.72	0.78		-0.86	0.12	0.74	-0.43	-0.62	-0.22	PAR
CTS	0.95	-0.43	-0.47	-0.86		0.18	-0.8	0.69	0.67	0.51	CTS
KDK	0.01	0.17	0.36	0.12	0.18		-0.25	0.65	0.03	0.84	KDK
ALIT	-0.81	0.36	0.48	0.74	-0.8	-0.25		-0.67	-0.36	-0.55	ALIT
PLAB	0.64	-0.13	-0.17	-0.43	0.69	0.65	-0.67		0.48	0.89	PLAB
CNXN	0.7	-0.56	-0.38	-0.62	0.67	0.03	-0.36	0.48		0.3	CNXN
MLNK	0.4	0.02	0.06	-0.22	0.51	0.84	-0.55	0.89	0.3		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

CTS	+ 0.95	BHE
MLNK	+ 0.89	PLAB
MLNK	+ 0.84	KDK
PAR	+ 0.78	VYX
ALIT	+ 0.74	PAR
PAR	+ 0.72	OUST

High negative correlations

PAR	- 0.9	BHE
CTS	- 0.86	PAR
ALIT	- 0.81	BHE
ALIT	- 0.8	CTS
PLAB	- 0.67	ALIT
VYX	- 0.65	BHE

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	1.45	0.39	0.24	0.43	1.15	(1.61)	3.97	(3.06)	7.60
OUST	3.92	(0.01)	(0.02)	0.08	4.94	(4.08)	8.35	(8.81)	20.17
VYX	2.28	(0.47)	0.00	(0.09)	0.00	0.00	4.01	(5.62)	14.15
PAR	3.00	(0.77)	0.00	(0.18)	0.00	0.00	5.68	(7.92)	17.98
CTS	1.40	0.27	0.19	0.30	1.22	(1.53)	3.37	(2.54)	7.98
KDK	3.31	0.45	0.10	(9.61)	3.09	(4.20)	8.29	(6.08)	20.14
ALIT	3.47	(1.21)	0.00	(0.44)	0.00	0.00	5.88	(5.96)	45.35
PLAB	3.78	0.76	0.26	0.32	3.32	(4.61)	8.29	(6.50)	54.22
CNXN	1.30	0.03	0.02	0.14	1.49	(1.45)	3.28	(2.10)	13.04
MLNK	0.90	0.35	0.22	(1.15)	0.15	(1.32)	1.15	(0.96)	25.01

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