OSI Systems Correlations

OSIS Stock

USD 211.67 0.91 0.43%

The current 90-days correlation between OSI Systems and Sanmina is 0.34 (i.e., 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

Weak diversification

The correlation between OSI Systems and DJI is 0.33 (i.e., 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

0.67	PSTG	Pure Storage	Pair Corr
0.7	SANM	Sanmina	Pair Corr
0.79	SSYS	Stratasys	Pair Corr
0.74	CALX	Calix Inc	Pair Corr
0.75	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.75	KD	Kyndryl Holdings	Pair Corr

Moving against OSI Stock

0.68	BHE	Benchmark Electronics	Pair Corr
0.48	HOLO	MicroCloud Hologram	Pair Corr
0.44	DM	Desktop Metal	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.38	BELFA	Bel Fuse A Earnings Call This Week	Pair Corr
0.33	LPL	LG Display	Pair Corr
0.63	PLXS	Plexus Corp	Pair Corr
0.61	DELL	Dell Technologies Aggressive Push	Pair Corr

Related Correlations Analysis

	SANM	BHE	MEI	CLS	PLXS	CTS	LYTS	BELFA	BELFB	RELL
SANM		-0.48	-0.08	0.82	-0.55	-0.6	0.45	-0.48	0.13	-0.52	SANM
BHE	-0.48		0.12	-0.69	0.9	0.88	-0.18	0.79	0.04	0.65	BHE
MEI	-0.08	0.12		0.12	0.34	0.18	-0.01	0.15	0.67	0.03	MEI
CLS	0.82	-0.69	0.12		-0.6	-0.8	0.28	-0.74	0.12	-0.67	CLS
PLXS	-0.55	0.9	0.34	-0.6		0.78	-0.45	0.71	0.16	0.56	PLXS
CTS	-0.6	0.88	0.18	-0.8	0.78		-0.08	0.92	0.21	0.76	CTS
LYTS	0.45	-0.18	-0.01	0.28	-0.45	-0.08		-0.06	0.07	-0.13	LYTS
BELFA	-0.48	0.79	0.15	-0.74	0.71	0.92	-0.06		0.36	0.79	BELFA
BELFB	0.13	0.04	0.67	0.12	0.16	0.21	0.07	0.36		0.24	BELFB
RELL	-0.52	0.65	0.03	-0.67	0.56	0.76	-0.13	0.79	0.24		RELL
	SANM	BHE	MEI	CLS	PLXS	CTS	LYTS	BELFA	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

BELFA	+ 0.92	CTS
PLXS	+ 0.9	BHE
CTS	+ 0.88	BHE
CLS	+ 0.82	SANM
BELFA	+ 0.79	BHE
RELL	+ 0.79	BELFA

High negative correlations

CTS	- 0.8	CLS
BELFA	- 0.74	CLS
CLS	- 0.69	BHE
RELL	- 0.67	CLS
PLXS	- 0.6	CLS
CTS	- 0.6	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	1.15	0.12	0.07	0.19	1.57	(1.28)	3.14	(1.97)	9.69
BHE	1.20	(0.32)	0.00	(0.47)	0.00	0.00	2.05	(3.23)	10.57
MEI	2.92	0.15	0.04	0.09	3.54	(3.26)	7.61	(5.67)	29.97
CLS	3.33	0.79	0.12	1.19	5.63	(3.48)	8.86	(4.68)	37.21
PLXS	1.23	(0.26)	0.00	(0.74)	0.00	0.00	1.95	(2.93)	12.43
CTS	1.34	(0.34)	0.00	(0.40)	0.00	0.00	2.09	(3.13)	7.60
LYTS	1.77	0.09	0.04	0.06	2.34	(2.34)	3.23	(3.80)	35.65
BELFA	1.75	(0.34)	0.00	(0.46)	0.00	0.00	3.17	(4.88)	13.15
BELFB	1.55	0.02	0.01	0.04	2.22	(1.53)	2.71	(3.50)	12.43
RELL	1.68	(0.11)	0.00	0.92	0.00	0.00	3.79	(3.65)	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

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