Frequency Electronics Correlations

FEIM Stock

USD 16.71 0.45 2.77%

The current 90-days correlation between Frequency Electronics and BK Technologies is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Frequency Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Frequency Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Frequency Electronics Correlation With Market

Weak diversification

The correlation between Frequency Electronics and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frequency Electronics 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 Frequency Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Frequency Stock, please use our How to Invest in Frequency Electronics guide.

Moving together with Frequency Stock

0.72	AIRG	Airgain	Pair Corr
0.66	S	SentinelOne	Pair Corr
0.79	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.78	CRM	Salesforce	Pair Corr
0.78	TDC	Teradata Corp	Pair Corr
0.83	SLNH	Soluna Holdings	Pair Corr
0.67	PPERF	Bank Mandiri Persero	Pair Corr
0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.67	PBCRY	Bank Central Asia	Pair Corr
0.64	BKRKY	Bank Rakyat	Pair Corr

Moving against Frequency Stock

0.65	ALTR	Altair Engineering	Pair Corr
0.55	MLGO	MicroAlgo	Pair Corr
0.51	JG	Aurora Mobile	Pair Corr
0.48	CSCO	Cisco Systems	Pair Corr
0.47	MQ	Marqeta	Pair Corr
0.4	GB	Global Blue Group	Pair Corr
0.32	BB	BlackBerry	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.77	VZ	Verizon Communications	Pair Corr
0.75	CWCO	Consolidated Water Earnings Call Tomorrow	Pair Corr
0.75	T	ATT Inc Earnings Call Today	Pair Corr
0.73	WM	Waste Management	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.61	IBM	International Business	Pair Corr
0.58	MCD	McDonalds	Pair Corr
0.55	300131	ShenZhen Yitoa Intel	Pair Corr
0.48	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.46	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	BKTI	WSTL	ITI	ASNS	LTRX	KVHI	CMTL	KN	MYNA	ITRN
BKTI		0.0	0.0	0.37	0.63	0.09	0.64	0.67	0.7	-0.56	BKTI
WSTL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WSTL
ITI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ITI
ASNS	0.37	0.0	0.0		0.74	0.53	0.49	0.78	0.23	-0.47	ASNS
LTRX	0.63	0.0	0.0	0.74		0.3	0.71	0.88	0.58	-0.78	LTRX
KVHI	0.09	0.0	0.0	0.53	0.3		-0.15	0.38	-0.05	0.01	KVHI
CMTL	0.64	0.0	0.0	0.49	0.71	-0.15		0.74	0.73	-0.72	CMTL
KN	0.67	0.0	0.0	0.78	0.88	0.38	0.74		0.57	-0.77	KN
MYNA	0.7	0.0	0.0	0.23	0.58	-0.05	0.73	0.57		-0.64	MYNA
ITRN	-0.56	0.0	0.0	-0.47	-0.78	0.01	-0.72	-0.77	-0.64		ITRN
	BKTI	WSTL	ITI	ASNS	LTRX	KVHI	CMTL	KN	MYNA	ITRN

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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

KN	+ 0.88	LTRX
KN	+ 0.78	ASNS
LTRX	+ 0.74	ASNS
KN	+ 0.74	CMTL
MYNA	+ 0.73	CMTL
CMTL	+ 0.71	LTRX

High negative correlations

ITRN	- 0.78	LTRX
ITRN	- 0.77	KN
ITRN	- 0.72	CMTL
ITRN	- 0.64	MYNA
ITRN	- 0.56	BKTI
ITRN	- 0.47	ASNS

Risk-Adjusted Indicators

There is a big difference between Frequency Stock performing well and Frequency 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 Frequency 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
BKTI	3.79	0.05	0.00	(0.04)	0.00	0.00	8.94	(8.10)	24.33
WSTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASNS	4.99	0.24	0.05	0.14	4.49	(8.00)	13.59	(8.26)	40.57
LTRX	3.16	(0.19)	0.00	(0.32)	0.00	0.00	7.98	(6.22)	34.29
KVHI	1.80	(0.12)	0.00	(1.69)	0.00	0.00	2.92	(4.50)	12.61
CMTL	6.02	(0.47)	0.00	0.36	0.00	0.00	18.18	(9.39)	65.93
KN	1.20	(0.26)	0.00	(0.35)	0.00	0.00	1.86	(2.70)	6.22
MYNA	12.78	(1.21)	0.00	0.21	0.00	0.00	36.96	(31.58)	167.72
ITRN	1.90	0.40	0.22	0.57	1.70	(2.44)	4.03	(3.58)	21.39

Frequency Electronics Corporate Executives

Elected by the shareholders, the Frequency Electronics' board of directors comprises two types of representatives: Frequency Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Frequency. The board's role is to monitor Frequency Electronics' management team and ensure that shareholders' interests are well served. Frequency 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, Frequency Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Steven CPA	Secretary CFO	Profile
	Steven Bernstein	Secretary CFO	Profile

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