Benchmark Electronics Correlations
| BMU Stock | EUR 37.60 1.20 3.30% |
The correlation of Benchmark Electronics 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.
Benchmark Electronics Correlation With Market
Significant diversification
The correlation between Benchmark Electronics and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Benchmark Electronics and DJI in the same portfolio, assuming nothing else is changed.
Benchmark |
The ability to find closely correlated positions to Benchmark Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Benchmark Electronics 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 Benchmark Electronics - 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 Benchmark Electronics to buy it.
Moving together with Benchmark Stock
| 0.97 | PX4 | Plexus Corp | PairCorr |
| 0.85 | NVPA | KCE EL PCL | PairCorr |
| 0.71 | TT1 | TTM Technologies | PairCorr |
| 0.88 | HAA1 | Hana Microelectronics | PairCorr |
| 0.86 | MEC | Meiko Electronics | PairCorr |
| 0.9 | TEY | Teradyne | PairCorr |
| 0.74 | 03F | IDP EDUCATION LTD | PairCorr |
| 0.85 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Benchmark Stock
| 0.92 | 5TP | BLUE LABEL | PairCorr |
| 0.9 | BSN | Danone SA | PairCorr |
| 0.89 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.88 | TKA | thyssenkrupp AG | PairCorr |
| 0.84 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.82 | JYS1 | JYSKE BANK | PairCorr |
| 0.78 | EUH | Eurasia Mining Plc | PairCorr |
| 0.76 | TLLB | Trelleborg AB | PairCorr |
| 0.75 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.7 | E908 | Lyxor 1 | PairCorr |
| 0.59 | ROM | Rohm Co | PairCorr |
| 0.56 | HUKI | HUHTAMAKI | PairCorr |
| 0.53 | AUS | AT S Austria | PairCorr |
| 0.49 | MRG | Outcrop Silver Gold | PairCorr |
| 0.34 | T62 | TOHO ZINC LTD | PairCorr |
Related Correlations Analysis
| 0.79 | 0.45 | 0.67 | 0.81 | 0.42 | 0.83 | PIK | ||
| 0.79 | 0.61 | 0.58 | 0.82 | 0.49 | 0.73 | T7W | ||
| 0.45 | 0.61 | 0.73 | 0.43 | 0.73 | 0.27 | CS2 | ||
| 0.67 | 0.58 | 0.73 | 0.69 | 0.66 | 0.65 | WN6 | ||
| 0.81 | 0.82 | 0.43 | 0.69 | 0.44 | 0.94 | 26Y | ||
| 0.42 | 0.49 | 0.73 | 0.66 | 0.44 | 0.35 | G03 | ||
| 0.83 | 0.73 | 0.27 | 0.65 | 0.94 | 0.35 | BED | ||
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Risk-Adjusted Indicators
There is a big difference between Benchmark Stock performing well and Benchmark Electronics 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 Benchmark Electronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PIK | 1.86 | (0.22) | 0.00 | (1.83) | 0.00 | 3.16 | 16.35 | |||
| T7W | 1.30 | (0.27) | 0.00 | (2.24) | 0.00 | 2.54 | 9.01 | |||
| CS2 | 1.35 | (0.16) | 0.00 | 2.10 | 0.00 | 2.59 | 9.06 | |||
| WN6 | 1.28 | (0.23) | 0.00 | (1.34) | 0.00 | 2.59 | 10.76 | |||
| 26Y | 2.65 | (0.84) | 0.00 | 12.11 | 0.00 | 4.35 | 17.69 | |||
| G03 | 1.62 | (0.03) | 0.00 | (0.18) | 0.00 | 3.03 | 17.94 | |||
| BED | 0.99 | (0.39) | 0.00 | 1.23 | 0.00 | 1.31 | 7.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Benchmark Electronics 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.Did you try this?
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Benchmark Electronics Corporate Management
Elected by the shareholders, the Benchmark Electronics' board of directors comprises two types of representatives: Benchmark Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Benchmark. The board's role is to monitor Benchmark Electronics' management team and ensure that shareholders' interests are well served. Benchmark Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Benchmark Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dave Clark | VP Officer | Profile | |
| Jan Janick | VP CTO | Profile | |
| Scott Hicar | VP Officer | Profile | |
| Michael Buseman | Ex COO | Profile | |
| Rhonda Turner | VP Officer | Profile | |
| Stephen Esq | Corp VP | Profile | |
| Paul Mansky | Investor Officer | Profile |