CTS Correlations

CTS Stock

USD 42.95 0.40 0.92%

The current 90-days correlation between CTS Corporation and Benchmark Electronics is 0.66 (i.e., Poor diversification). The correlation of CTS 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.

CTS Correlation With Market

Very weak diversification

The correlation between CTS Corp. and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CTS Corp. 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 CTS Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with CTS Stock

0.83	KE	Kimball Electronics	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.8	PAY	Paymentus Holdings	Pair Corr
0.72	IONQ	IONQ Inc	Pair Corr
0.82	MOVE	Movano Inc	Pair Corr
0.64	QUBT	Quantum Computing Trending	Pair Corr
0.64	S	SentinelOne	Pair Corr
0.9	AI	C3 Ai Inc	Pair Corr
0.82	BL	Blackline	Pair Corr
0.61	ZM	Zoom Video Communications	Pair Corr
0.79	VMEO	Vimeo Inc	Pair Corr
0.79	EVCM	EverCommerce	Pair Corr
0.7	FIVN	Five9 Inc	Pair Corr
0.89	ARW	Arrow Electronics	Pair Corr
0.83	BMR	Beamr Imaging	Pair Corr
0.8	BSY	Bentley Systems	Pair Corr
0.86	CRM	Salesforce Sell-off Trend	Pair Corr
0.73	HKD	AMTD Digital	Pair Corr

Moving against CTS Stock

0.69	CSCO	Cisco Systems	Pair Corr
0.65	ENFN	Enfusion	Pair Corr
0.37	MQ	Marqeta Tech Boost	Pair Corr
0.36	GB	Global Blue Group	Pair Corr
0.34	DOCN	DigitalOcean Holdings	Pair Corr
0.33	ZS	Zscaler	Pair Corr
0.76	IBM	International Business	Pair Corr
0.75	GROV	Virgin Group Acquisition	Pair Corr
0.59	SAP	SAP SE ADR	Pair Corr
0.46	NET	Cloudflare	Pair Corr

Related Correlations Analysis

	PLXS	OSIS	BHE	LYTS	SANM	BELFA	MEI	CLS	BELFB	RELL
PLXS		-0.55	0.97	0.38	0.05	0.82	0.83	0.07	0.4	0.67	PLXS
OSIS	-0.55		-0.52	0.36	0.67	-0.3	-0.15	0.55	0.24	-0.25	OSIS
BHE	0.97	-0.52		0.43	0.04	0.8	0.79	0.05	0.35	0.67	BHE
LYTS	0.38	0.36	0.43		0.63	0.41	0.65	0.63	0.41	0.31	LYTS
SANM	0.05	0.67	0.04	0.63		-0.01	0.33	0.92	0.32	-0.06	SANM
BELFA	0.82	-0.3	0.8	0.41	-0.01		0.8	-0.06	0.73	0.79	BELFA
MEI	0.83	-0.15	0.79	0.65	0.33	0.8		0.32	0.63	0.66	MEI
CLS	0.07	0.55	0.05	0.63	0.92	-0.06	0.32		0.19	-0.06	CLS
BELFB	0.4	0.24	0.35	0.41	0.32	0.73	0.63	0.19		0.59	BELFB
RELL	0.67	-0.25	0.67	0.31	-0.06	0.79	0.66	-0.06	0.59		RELL
	PLXS	OSIS	BHE	LYTS	SANM	BELFA	MEI	CLS	BELFB	RELL

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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

BHE	+ 0.97	PLXS
CLS	+ 0.92	SANM
MEI	+ 0.83	PLXS
BELFA	+ 0.82	PLXS
BELFA	+ 0.8	BHE
MEI	+ 0.8	BELFA

High negative correlations

OSIS	- 0.55	PLXS
BHE	- 0.52	OSIS
BELFA	- 0.3	OSIS
RELL	- 0.25	OSIS
MEI	- 0.15	OSIS
RELL	- 0.06	CLS

Risk-Adjusted Indicators

There is a big difference between CTS Stock performing well and CTS 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 CTS'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	1.34	(0.34)	0.00	(0.53)	0.00	0.00	2.30	(3.00)	12.43
OSIS	1.95	0.26	0.09	0.11	2.41	(2.00)	3.70	(4.10)	19.95
BHE	1.44	(0.17)	0.00	(0.27)	0.00	0.00	2.78	(3.52)	10.57
LYTS	1.99	(0.02)	0.00	(0.09)	0.00	0.00	3.38	(4.37)	35.65
SANM	1.45	0.06	0.00	(0.02)	0.00	0.00	3.14	(3.21)	13.03
BELFA	1.91	(0.36)	0.00	(0.85)	0.00	0.00	3.53	(4.33)	13.15
MEI	3.18	(0.60)	0.00	(0.31)	0.00	0.00	5.37	(6.72)	38.95
CLS	4.11	0.36	0.04	0.12	6.78	(3.88)	8.86	(7.29)	37.21
BELFB	1.62	(0.07)	0.00	(0.19)	0.00	0.00	3.05	(3.23)	12.43
RELL	1.65	(0.16)	0.00	(0.67)	0.00	0.00	3.79	(3.55)	17.14

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