OSI Systems Correlations

OSIS Stock

USD 197.43 5.40 2.66%

The current 90-days correlation between OSI Systems and Sanmina is 0.4 (i.e., Very weak diversification). The correlation of OSI Systems 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.

OSI Systems Correlation With Market

Very weak diversification

The correlation between OSI Systems and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OSI Systems and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OSI Systems. 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.

For more information on how to buy OSI Stock please use our How to Invest in OSI Systems guide.

Moving together with OSI Stock

0.71	NTCT	NetScout Systems	Pair Corr
0.67	SANM	Sanmina	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.78	ZS	Zscaler	Pair Corr
0.88	DOCN	DigitalOcean Holdings	Pair Corr
0.68	ENFN	Enfusion	Pair Corr
0.79	IBM	International Business	Pair Corr

Moving against OSI Stock

0.46	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.43	QUBT	Quantum Computing Trending	Pair Corr
0.37	KE	Kimball Electronics	Pair Corr
0.46	BMR	Beamr Imaging	Pair Corr
0.37	HTCR	HeartCore Enterprises Tech Boost	Pair Corr
0.36	TTD	Trade Desk	Pair Corr
0.35	PTC	PTC Inc	Pair Corr

Related Correlations Analysis

	SANM	BHE	MEI	CLS	PLXS	CTS	LYTS	BELFA	BELFB	RELL
SANM		0.04	0.33	0.92	0.05	-0.02	0.63	-0.01	0.32	-0.06	SANM
BHE	0.04		0.79	0.05	0.97	0.93	0.43	0.8	0.35	0.67	BHE
MEI	0.33	0.79		0.32	0.83	0.83	0.65	0.8	0.63	0.66	MEI
CLS	0.92	0.05	0.32		0.07	-0.02	0.63	-0.06	0.19	-0.06	CLS
PLXS	0.05	0.97	0.83	0.07		0.93	0.38	0.82	0.4	0.67	PLXS
CTS	-0.02	0.93	0.83	-0.02	0.93		0.5	0.91	0.51	0.75	CTS
LYTS	0.63	0.43	0.65	0.63	0.38	0.5		0.41	0.41	0.31	LYTS
BELFA	-0.01	0.8	0.8	-0.06	0.82	0.91	0.41		0.73	0.79	BELFA
BELFB	0.32	0.35	0.63	0.19	0.4	0.51	0.41	0.73		0.59	BELFB
RELL	-0.06	0.67	0.66	-0.06	0.67	0.75	0.31	0.79	0.59		RELL
	SANM	BHE	MEI	CLS	PLXS	CTS	LYTS	BELFA	BELFB	RELL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PLXS	+ 0.97	BHE
CTS	+ 0.93	BHE
CTS	+ 0.93	PLXS
CLS	+ 0.92	SANM
BELFA	+ 0.91	CTS
PLXS	+ 0.83	MEI

High negative correlations

RELL	- 0.06	CLS
BELFA	- 0.06	CLS
RELL	- 0.06	SANM
CTS	- 0.02	CLS
CTS	- 0.02	SANM
BELFA	- 0.01	SANM

Risk-Adjusted Indicators

There is a big difference between OSI Stock performing well and OSI Systems 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 OSI Systems' 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
SANM	1.45	0.06	0.00	(0.02)	0.00	0.00	3.14	(3.21)	13.03
BHE	1.44	(0.17)	0.00	(0.27)	0.00	0.00	2.78	(3.52)	10.57
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
PLXS	1.34	(0.34)	0.00	(0.53)	0.00	0.00	2.30	(3.00)	12.43
CTS	1.27	(0.32)	0.00	(0.39)	0.00	0.00	2.05	(3.56)	6.79
LYTS	1.99	(0.02)	0.00	(0.09)	0.00	0.00	3.38	(4.37)	35.65
BELFA	1.91	(0.36)	0.00	(0.85)	0.00	0.00	3.53	(4.33)	13.15
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

OSI Systems Corporate Management

Victor Sze	Executive VP, General Counsel and Secretary	Profile
Cary Okawa	Chief Officer	Profile
Glenn Grindstaff	Senior Officer	Profile
Todd Weathersby	Senior Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC