Taitron Components Correlations

TAIT Stock

USD 2.64 0.03 1.15%

The current 90-days correlation between Taitron Components and PC Connection is 0.22 (i.e., Modest diversification). The correlation of Taitron Components 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.

Taitron Components Correlation With Market

Modest diversification

The correlation between Taitron Components Incorporate and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taitron Components Incorporate and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taitron Components Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Taitron Stock

0.61

DIOD

Diodes Incorporated

Pair Corr

Moving against Taitron Stock

0.43	CLMB	Climb Global Solutions Tech Boost	Pair Corr
0.43	AI	C3 Ai Inc Trending	Pair Corr
0.53	NN	Nextnav Acquisition Corp	Pair Corr
0.45	GB	Global Blue Group Earnings Call Today	Pair Corr
0.45	UI	Ubiquiti Networks	Pair Corr
0.43	FI	Fiserv, Sell-off Trend	Pair Corr
0.4	ML	MoneyLion	Pair Corr
0.34	KD	Kyndryl Holdings Upward Rally	Pair Corr

Related Correlations Analysis

	CNXN	SCSC	NSIT	SNX	CLMB	SNPO	ARW	AVT
CNXN		0.55	0.42	0.33	0.02	0.07	0.4	0.12	CNXN
SCSC	0.55		-0.1	0.5	0.35	-0.2	-0.02	0.32	SCSC
NSIT	0.42	-0.1		0.16	-0.69	-0.29	0.95	0.02	NSIT
SNX	0.33	0.5	0.16		0.36	0.13	0.36	0.87	SNX
CLMB	0.02	0.35	-0.69	0.36		0.62	-0.56	0.41	CLMB
SNPO	0.07	-0.2	-0.29	0.13	0.62		-0.25	0.24	SNPO
ARW	0.4	-0.02	0.95	0.36	-0.56	-0.25		0.23	ARW
AVT	0.12	0.32	0.02	0.87	0.41	0.24	0.23		AVT
	CNXN	SCSC	NSIT	SNX	CLMB	SNPO	ARW	AVT

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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

ARW	+ 0.95	NSIT
AVT	+ 0.87	SNX
SNPO	+ 0.62	CLMB
SCSC	+ 0.55	CNXN
SNX	+ 0.5	SCSC
NSIT	+ 0.42	CNXN

High negative correlations

CLMB	- 0.69	NSIT
ARW	- 0.56	CLMB
SNPO	- 0.29	NSIT
ARW	- 0.25	SNPO
SNPO	- 0.2	SCSC
NSIT	- 0.1	SCSC

Risk-Adjusted Indicators

There is a big difference between Taitron Stock performing well and Taitron Components 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 Taitron Components' 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
CNXN	1.40	(0.15)	(0.03)	0.02	1.73	(1.58)	3.12	(2.71)	12.95
SCSC	1.74	(0.14)	(0.02)	0.02	1.88	(2.04)	3.13	(2.89)	15.95
NSIT	1.58	(0.59)	0.00	(0.26)	0.00	0.00	2.59	(3.48)	17.36
SNX	1.18	(0.13)	0.00	(0.01)	0.00	0.00	1.98	(2.94)	8.22
CLMB	2.02	0.49	0.27	0.34	1.46	(2.25)	5.98	(3.15)	15.22
SNPO	1.98	0.67	0.20	(0.74)	1.54	(2.61)	3.77	(3.63)	29.77
ARW	1.24	(0.30)	0.00	(0.11)	0.00	0.00	2.56	(1.98)	15.96
AVT	1.15	(0.15)	0.00	(0.02)	0.00	0.00	2.86	(2.12)	11.96

Taitron Components Corporate Executives

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

David Vanderhorst

CFO and Corporate Secretary

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