Plexus Corp Correlations

PLXS Stock

USD 129.15 1.89 1.49%

The current 90-days correlation between Plexus Corp and Benchmark Electronics is 0.76 (i.e., Poor diversification). The correlation of Plexus Corp 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.

Plexus Corp Correlation With Market

Weak diversification

The correlation between Plexus Corp 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 Plexus Corp 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 Plexus Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

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

Moving together with Plexus Stock

0.84	KE	Kimball Electronics	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.71	PAY	Paymentus Holdings	Pair Corr
0.68	IONQ	IONQ Inc Aggressive Push	Pair Corr
0.84	MOVE	Movano Inc	Pair Corr
0.85	AI	C3 Ai Inc	Pair Corr
0.71	BL	Blackline	Pair Corr
0.67	VMEO	Vimeo Inc	Pair Corr
0.71	EVCM	EverCommerce	Pair Corr
0.64	FIVN	Five9 Inc	Pair Corr
0.79	ARW	Arrow Electronics	Pair Corr
0.8	BMR	Beamr Imaging	Pair Corr
0.77	BSY	Bentley Systems	Pair Corr
0.75	CRM	Salesforce	Pair Corr
0.72	HKD	AMTD Digital	Pair Corr

Moving against Plexus Stock

0.68	ENFN	Enfusion	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.45	MQ	Marqeta Tech Boost	Pair Corr
0.42	ZS	Zscaler	Pair Corr
0.41	DOCN	DigitalOcean Holdings	Pair Corr
0.8	IBM	International Business	Pair Corr
0.72	GROV	Virgin Group Acquisition	Pair Corr
0.58	SAP	SAP SE ADR	Pair Corr
0.44	NET	Cloudflare	Pair Corr

Related Correlations Analysis

	CLS	BHE	FLEX	JBL	SANM	BELFA	MEI	CTS	OSIS	LYTS
CLS		0.05	0.84	0.86	0.92	0.18	0.32	0.14	0.55	0.69	CLS
BHE	0.05		0.48	0.11	0.04	0.47	0.79	0.65	-0.52	0.3	BHE
FLEX	0.84	0.48		0.89	0.78	0.49	0.66	0.55	0.21	0.82	FLEX
JBL	0.86	0.11	0.89		0.84	0.43	0.42	0.4	0.42	0.8	JBL
SANM	0.92	0.04	0.78	0.84		0.1	0.33	0.03	0.67	0.61	SANM
BELFA	0.18	0.47	0.49	0.43	0.1		0.59	0.89	-0.29	0.46	BELFA
MEI	0.32	0.79	0.66	0.42	0.33	0.59		0.62	-0.15	0.5	MEI
CTS	0.14	0.65	0.55	0.4	0.03	0.89	0.62		-0.46	0.53	CTS
OSIS	0.55	-0.52	0.21	0.42	0.67	-0.29	-0.15	-0.46		0.24	OSIS
LYTS	0.69	0.3	0.82	0.8	0.61	0.46	0.5	0.53	0.24		LYTS
	CLS	BHE	FLEX	JBL	SANM	BELFA	MEI	CTS	OSIS	LYTS

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

SANM	+ 0.92	CLS
JBL	+ 0.89	FLEX
CTS	+ 0.89	BELFA
JBL	+ 0.86	CLS
FLEX	+ 0.84	CLS
SANM	+ 0.84	JBL

High negative correlations

OSIS	- 0.52	BHE
OSIS	- 0.46	CTS
OSIS	- 0.29	BELFA
OSIS	- 0.15	MEI

Risk-Adjusted Indicators

There is a big difference between Plexus Stock performing well and Plexus Corp 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 Plexus Corp'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
CLS	4.11	0.36	0.04	0.12	6.78	(3.88)	8.86	(7.29)	37.21
BHE	1.44	(0.17)	0.00	(0.27)	0.00	0.00	2.78	(3.52)	10.57
FLEX	2.00	0.03	0.00	(0.05)	0.00	0.00	3.63	(4.80)	16.57
JBL	1.61	0.17	0.06	0.07	2.51	(1.56)	3.25	(3.42)	15.22
SANM	1.45	0.06	0.00	(0.02)	0.00	0.00	3.14	(3.21)	13.03
BELFA	1.81	(0.43)	0.00	0.62	0.00	0.00	3.49	(4.24)	13.15
MEI	3.18	(0.60)	0.00	(0.31)	0.00	0.00	5.37	(6.72)	38.95
CTS	1.25	(0.31)	0.00	3.39	0.00	0.00	2.05	(3.13)	6.79
OSIS	1.95	0.26	0.09	0.11	2.41	(2.00)	3.70	(4.10)	19.95
LYTS	1.93	(0.04)	0.00	0.57	0.00	0.00	3.23	(3.80)	35.65

Plexus Corp Corporate Management

Steven Frisch	Chief Customer Officer and Executive VP	Profile
Ronald Darroch	Sr. VP of Global Manufacturing Solutions	Profile
Kyle McMillan	Chief Officer	Profile
Scott Theune	Chief Officer	Profile
Steven CA	Controller EMEA	Profile
Andy Hyatt	Chief 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