Sanmina Correlations

SAYN Stock  EUR 77.18  1.44  1.90%   
The current 90-days correlation between Sanmina and Tradegate AG Wertpapierhandelsbank is 0.01 (i.e., Significant diversification). The correlation of Sanmina 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.

Sanmina Correlation With Market

Significant diversification

The correlation between Sanmina and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sanmina and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Sanmina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sanmina 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 Sanmina - 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 Sanmina to buy it.

Moving together with Sanmina Stock

  0.93XPH AmphenolPairCorr
  0.75GLW Corning IncorporatedPairCorr
  0.73SXC Sunny Optical TechnologyPairCorr
  0.79HUEC Hubbell IncorporatedPairCorr
  0.69TDK TDK Corporation SplitPairCorr
  0.93BFP BBVA Banco FrancesPairCorr

Moving against Sanmina Stock

  0.86YHA Yamaha SplitPairCorr
  0.83MUR1 Murata ManufacturingPairCorr
  0.68893 MITSUBISHI KAKOKIPairCorr
  0.55FV YAOKO LTDPairCorr
  0.46MIZ MizunoPairCorr
  0.4DBPD Xtrackers ShortDAXPairCorr

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   
AP3FR70
AP3KGZ
FR70KGZ
EACFR70
AP3NSC
EACKGZ
  
High negative correlations   
FR70T2G
KGZT2G
EACT2G
AP3T2G
S9MNSC
S9MT2G

Risk-Adjusted Indicators

There is a big difference between Sanmina Stock performing well and Sanmina 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 Sanmina'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sanmina 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.

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Sanmina Corporate Management

Elected by the shareholders, the Sanmina's board of directors comprises two types of representatives: Sanmina inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sanmina. The board's role is to monitor Sanmina's management team and ensure that shareholders' interests are well served. Sanmina's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sanmina's outside directors are responsible for providing unbiased perspectives on the board's policies.