Vicor Correlations

VICR Stock

USD 54.23 0.36 0.67%

The current 90-days correlation between Vicor and Plexus Corp is 0.43 (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

Very weak diversification

The correlation between Vicor and DJI is 0.43 (i.e., Very 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

0.88	APH	Amphenol Fiscal Year End 22nd of January 2025	Pair Corr
0.92	BHE	Benchmark Electronics	Pair Corr
0.9	CTS	CTS Corporation	Pair Corr
0.71	LPTH	LightPath Technologies	Pair Corr
0.88	LYTS	LSI Industries	Pair Corr
0.88	MPTI	M tron Industries	Pair Corr
0.63	MTEKW	Maris Tech Warrants	Pair Corr
0.66	ORBT	Orbit International	Pair Corr
0.9	RELL	Richardson Electronics	Pair Corr
0.89	TTMI	TTM Technologies	Pair Corr
0.74	B	Barnes Group	Pair Corr
0.77	G	Genpact Limited	Pair Corr
0.81	J	Jacobs Solutions	Pair Corr
0.85	R	Ryder System	Pair Corr

Moving against Vicor Stock

0.64	HOLO	MicroCloud Hologram	Pair Corr
0.53	HOLOW	MicroCloud Hologram	Pair Corr
0.45	OST	Ostin Technology	Pair Corr
0.37	MEI	Methode Electronics	Pair Corr
0.33	LFUS	Littelfuse	Pair Corr
0.63	OPTXW	Syntec Optics Holdings	Pair Corr
0.78	CP	Canadian Pacific Railway	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.35	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	PLXS	SANM	JBL	FLEX	BHE	MEI	OSIS	CLS	FN	APH
PLXS		0.87	0.91	0.96	0.96	-0.31	0.25	0.95	0.41	0.86	PLXS
SANM	0.87		0.65	0.82	0.91	-0.27	0.43	0.85	0.4	0.84	SANM
JBL	0.91	0.65		0.93	0.87	-0.12	0.18	0.85	0.51	0.76	JBL
FLEX	0.96	0.82	0.93		0.93	-0.24	0.32	0.94	0.56	0.89	FLEX
BHE	0.96	0.91	0.87	0.93		-0.12	0.35	0.88	0.48	0.86	BHE
MEI	-0.31	-0.27	-0.12	-0.24	-0.12		0.34	-0.49	0.07	-0.31	MEI
OSIS	0.25	0.43	0.18	0.32	0.35	0.34		0.22	0.31	0.29	OSIS
CLS	0.95	0.85	0.85	0.94	0.88	-0.49	0.22		0.46	0.89	CLS
FN	0.41	0.4	0.51	0.56	0.48	0.07	0.31	0.46		0.62	FN
APH	0.86	0.84	0.76	0.89	0.86	-0.31	0.29	0.89	0.62		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

FLEX	+ 0.96	PLXS
BHE	+ 0.96	PLXS
CLS	+ 0.95	PLXS
CLS	+ 0.94	FLEX
FLEX	+ 0.93	JBL
BHE	+ 0.93	FLEX

High negative correlations

CLS	- 0.49	MEI
APH	- 0.31	MEI
MEI	- 0.31	PLXS
MEI	- 0.27	SANM
MEI	- 0.24	FLEX
MEI	- 0.12	BHE

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	1.41	0.22	0.19	0.20	1.21	(1.59)	3.38	(1.91)	12.92
SANM	1.48	0.01	0.06	0.09	1.50	(1.67)	2.35	(2.64)	15.90
JBL	1.34	0.14	0.14	0.17	1.24	(1.61)	2.80	(2.04)	15.06
FLEX	1.83	0.20	0.15	0.18	1.67	(2.39)	5.67	(2.91)	10.62
BHE	1.69	0.01	0.06	0.09	1.79	(1.90)	3.32	(3.84)	13.28
MEI	2.74	(0.41)	0.00	(0.04)	0.00	0.00	5.56	(5.53)	18.54
OSIS	1.48	0.05	0.05	0.12	1.80	(1.54)	3.51	(2.91)	12.11
CLS	2.47	0.62	0.20	0.42	2.71	(2.75)	5.42	(4.03)	20.61
FN	2.53	(0.40)	0.00	(0.09)	0.00	0.00	4.68	(6.81)	13.97
APH	1.27	(0.02)	0.00	0.07	1.95	(1.30)	2.47	(2.49)	9.18

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