Eltek Correlations

ELTK Stock  USD 8.50  0.12  1.43%   
The current 90-days correlation between Eltek and LightPath Technologies is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eltek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eltek moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eltek Correlation With Market

Modest diversification

The correlation between Eltek and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eltek and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eltek. 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.
For more information on how to buy Eltek Stock please use our How to buy in Eltek Stock guide.

Moving together with Eltek Stock

  0.71DIS Walt DisneyPairCorr
  0.69AXP American ExpressPairCorr

Moving against Eltek Stock

  0.32CYBQF CYBERDYNEPairCorr
  0.31TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PLXSBHE
PLXSMEI
PLXSBELFA
BHEMEI
BHEBELFA
RELLBELFA
  
High negative correlations   
PLXSOSIS
BHEOSIS
BELFAOSIS
LPTHOSIS
RELLOSIS
SGMAOSIS

Risk-Adjusted Indicators

There is a big difference between Eltek Stock performing well and Eltek 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 Eltek'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MEI  3.12 (0.61) 0.00 (0.36) 0.00 
 4.91 
 38.95 
OSIS  1.85  0.19  0.06  0.04  2.51 
 3.53 
 19.95 
BELFA  1.84 (0.32) 0.00 (0.88) 0.00 
 3.53 
 13.15 
RELL  1.64 (0.14) 0.00 (0.79) 0.00 
 3.79 
 17.14 
BHE  1.36 (0.20) 0.00 (0.38) 0.00 
 2.50 
 10.57 
PLXS  1.31 (0.35) 0.00 (0.64) 0.00 
 1.77 
 12.43 
LYTS  1.96  0.03  0.00 (0.09) 0.00 
 3.38 
 35.65 
LPTH  4.59  0.47  0.08  0.56  5.90 
 12.58 
 39.62 
LINK  6.04  0.68  0.10  0.40  6.33 
 16.72 
 45.40 
SGMA  2.89 (0.98) 0.00 (0.54) 0.00 
 5.30 
 26.12 

Eltek Corporate Management

Eli YaffeChief OfficerProfile
Shlomi KislukVice AssuranceProfile
Oriel SallaryVice MarketingProfile
Itzik ZemachVice OperationsProfile
Ron FreundChief OfficerProfile
Ifat AtzitzHR ManagerProfile
Sagi BalterVice TechnologyProfile