Amphenol Correlations

APH Stock

USD 63.85 0.15 0.24%

The current 90-days correlation between Amphenol and Sanmina is 0.61 (i.e., Poor diversification). The correlation of Amphenol 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.

Amphenol Correlation With Market

Weak diversification

The correlation between Amphenol and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amphenol and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amphenol. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Amphenol Stock please use our How to Invest in Amphenol guide.

Moving together with Amphenol Stock

0.8	FN	Fabrinet Tech Boost	Pair Corr
0.73	KE	Kimball Electronics	Pair Corr
0.86	KN	Knowles Cor	Pair Corr
0.77	EBON	Ebang International	Pair Corr
0.81	EXTR	Extreme Networks	Pair Corr
0.61	FEIM	Frequency Electronics	Pair Corr
0.68	FLEX	Flex	Pair Corr
0.93	BDC	Belden Inc	Pair Corr
0.84	BHE	Benchmark Electronics	Pair Corr
0.82	CTS	CTS Corporation	Pair Corr
0.85	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.81	IDN	Intellicheck Mobilisa Earnings Call Today	Pair Corr
0.84	MEI	Methode Electronics	Pair Corr
0.82	MSI	Motorola Solutions	Pair Corr

Moving against Amphenol Stock

0.68	FKWL	Franklin Wireless Corp	Pair Corr
0.72	NOK	Nokia Corp ADR Aggressive Push	Pair Corr

Related Correlations Analysis

	LFUS	TTMI	FN	PLXS	SANM	MEI	OSIS	VICR	JBL	FLEX
LFUS		0.81	0.5	0.53	0.57	0.71	0.26	0.01	0.34	0.55	LFUS
TTMI	0.81		0.62	0.66	0.66	0.77	0.15	-0.15	0.55	0.8	TTMI
FN	0.5	0.62		0.72	0.22	0.61	-0.23	-0.09	0.2	0.51	FN
PLXS	0.53	0.66	0.72		0.0	0.82	-0.54	-0.3	0.02	0.42	PLXS
SANM	0.57	0.66	0.22	0.0		0.28	0.69	0.0	0.82	0.78	SANM
MEI	0.71	0.77	0.61	0.82	0.28		-0.12	-0.09	0.31	0.61	MEI
OSIS	0.26	0.15	-0.23	-0.54	0.69	-0.12		0.27	0.45	0.24	OSIS
VICR	0.01	-0.15	-0.09	-0.3	0.0	-0.09	0.27		-0.07	-0.22	VICR
JBL	0.34	0.55	0.2	0.02	0.82	0.31	0.45	-0.07		0.88	JBL
FLEX	0.55	0.8	0.51	0.42	0.78	0.61	0.24	-0.22	0.88		FLEX
	LFUS	TTMI	FN	PLXS	SANM	MEI	OSIS	VICR	JBL	FLEX

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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	+ 0.88	JBL
MEI	+ 0.82	PLXS
JBL	+ 0.82	SANM
TTMI	+ 0.81	LFUS
FLEX	+ 0.8	TTMI
FLEX	+ 0.78	SANM

High negative correlations

OSIS	- 0.54	PLXS
VICR	- 0.3	PLXS
OSIS	- 0.23	FN
FLEX	- 0.22	VICR
VICR	- 0.15	TTMI
OSIS	- 0.12	MEI

Risk-Adjusted Indicators

There is a big difference between Amphenol Stock performing well and Amphenol 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 Amphenol'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
LFUS	1.35	(0.17)	0.00	(0.29)	0.00	0.00	2.13	(3.24)	8.91
TTMI	1.80	(0.06)	0.00	(0.16)	0.00	0.00	3.33	(4.66)	12.72
FN	3.21	0.04	0.00	(0.02)	0.00	0.00	5.54	(7.17)	27.92
PLXS	1.30	(0.37)	0.00	(0.63)	0.00	0.00	1.77	(3.00)	12.43
SANM	1.43	0.04	0.00	(0.05)	0.00	0.00	3.14	(3.21)	13.03
MEI	3.10	(0.67)	0.00	(0.36)	0.00	0.00	4.91	(6.72)	38.95
OSIS	1.88	0.20	0.07	0.06	2.50	(1.86)	3.53	(4.10)	19.95
VICR	3.73	0.28	0.04	0.10	5.63	(3.68)	7.06	(6.44)	40.59
JBL	1.56	0.17	0.06	0.05	2.50	(1.51)	3.25	(3.42)	15.22
FLEX	1.96	0.02	0.00	(0.08)	0.00	0.00	3.63	(4.80)	16.57

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