Vicor Correlations

VICR Stock

USD 51.14 0.44 0.87%

The current 90-days correlation between Vicor and Plexus Corp is 0.58 (i.e., Very weak diversification). The correlation of Vicor 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.

Vicor Correlation With Market

Weak diversification

The correlation between Vicor and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vicor 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 Vicor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Vicor Stock, please use our How to Invest in Vicor guide.

Moving together with Vicor Stock

0.7	APH	Amphenol	Pair Corr
0.64	BHE	Benchmark Electronics	Pair Corr
0.61	ROG	Rogers	Pair Corr
0.76	TEL	TE Connectivity	Pair Corr
0.65	LFUS	Littelfuse	Pair Corr
0.7	R	Ryder System	Pair Corr

Moving against Vicor Stock

0.43	KULR	KULR Technology Group	Pair Corr
0.35	LGL	LGL Group	Pair Corr
0.32	KOPN	Kopin	Pair Corr
0.52	HOLOW	MicroCloud Hologram	Pair Corr
0.49	DAIO	Data IO	Pair Corr
0.44	OPTX	Syntec Optics Holdings	Pair Corr
0.39	SELX	Semilux International	Pair Corr
0.37	LINK	Interlink Electronics	Pair Corr
0.34	CPSH	Cps Technologies	Pair Corr

Related Correlations Analysis

	PLXS	SANM	JBL	FLEX	BHE	MEI	OSIS	CLS	FN	APH
PLXS		0.51	0.05	-0.1	0.77	0.31	-0.24	0.28	0.27	0.52	PLXS
SANM	0.51		0.6	0.22	0.46	0.25	0.03	0.7	0.12	0.41	SANM
JBL	0.05	0.6		0.56	-0.16	0.48	0.24	0.89	-0.21	0.01	JBL
FLEX	-0.1	0.22	0.56		-0.04	0.37	0.35	0.46	0.0	0.34	FLEX
BHE	0.77	0.46	-0.16	-0.04		-0.15	-0.37	-0.02	0.36	0.55	BHE
MEI	0.31	0.25	0.48	0.37	-0.15		0.71	0.54	-0.13	0.3	MEI
OSIS	-0.24	0.03	0.24	0.35	-0.37	0.71		0.24	-0.14	0.27	OSIS
CLS	0.28	0.7	0.89	0.46	-0.02	0.54	0.24		-0.11	0.21	CLS
FN	0.27	0.12	-0.21	0.0	0.36	-0.13	-0.14	-0.11		0.44	FN
APH	0.52	0.41	0.01	0.34	0.55	0.3	0.27	0.21	0.44		APH
	PLXS	SANM	JBL	FLEX	BHE	MEI	OSIS	CLS	FN	APH

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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

CLS	+ 0.89	JBL
BHE	+ 0.77	PLXS
OSIS	+ 0.71	MEI
CLS	+ 0.7	SANM
JBL	+ 0.6	SANM
FLEX	+ 0.56	JBL

High negative correlations

OSIS	- 0.37	BHE
OSIS	- 0.24	PLXS
FN	- 0.21	JBL
BHE	- 0.16	JBL
MEI	- 0.15	BHE
FN	- 0.14	OSIS

Risk-Adjusted Indicators

There is a big difference between Vicor Stock performing well and Vicor 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 Vicor'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
PLXS	1.44	0.00	(0.02)	0.08	2.40	(1.43)	2.30	(2.93)	20.07
SANM	1.35	0.32	0.16	0.95	1.44	(1.60)	2.50	(2.37)	19.29
JBL	1.33	0.39	0.20	1.37	1.43	(1.62)	3.72	(1.93)	15.23
FLEX	1.76	0.21	0.08	0.23	2.56	(1.98)	4.33	(2.76)	19.36
BHE	1.38	(0.17)	0.00	(0.05)	0.00	0.00	2.51	(2.78)	18.05
MEI	3.02	0.35	0.10	0.29	3.32	(3.52)	7.70	(5.67)	29.97
OSIS	1.74	0.57	0.30	0.44	1.40	(2.07)	3.70	(3.17)	17.36
CLS	3.12	0.97	0.15	1.86	5.51	(3.44)	8.15	(4.05)	37.21
FN	2.73	(0.11)	0.00	0.74	0.00	0.00	6.01	(4.46)	29.08
APH	1.56	(0.01)	0.01	0.06	2.64	(1.68)	3.32	(2.65)	19.61

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