Richardson Electronics Correlations
| RE3 Stock | EUR 10.99 0.01 0.09% |
The current 90-days correlation between Richardson Electronics and Highlight Communications AG is 0.21 (i.e., Modest diversification). The correlation of Richardson Electronics 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.
Richardson Electronics Correlation With Market
Good diversification
The correlation between Richardson Electronics and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Richardson Electronics and DJI in the same portfolio, assuming nothing else is changed.
Richardson |
The ability to find closely correlated positions to Richardson Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richardson Electronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Richardson Electronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Richardson Electronics to buy it.
Moving together with Richardson Stock
| 0.72 | XPH | Amphenol | PairCorr |
| 0.8 | HHP2 | Hon Hai Precision | PairCorr |
| 0.8 | XSDG | Samsung SDI | PairCorr |
| 0.82 | HUEC | Hubbell Incorporated | PairCorr |
| 0.83 | TDK | TDK Corporation | PairCorr |
| 0.69 | OIX | ORIX | PairCorr |
| 0.78 | SID | State Bank | PairCorr |
| 0.8 | APC | Apple Inc | PairCorr |
| 0.76 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Richardson Stock
| 0.73 | W8V | Bank of China Earnings Call Tomorrow | PairCorr |
| 0.72 | LLD2 | Lloyds Banking Group | PairCorr |
| 0.68 | TKDA | Takeda Pharmaceutical | PairCorr |
| 0.55 | SUMB | SUMITOMO P SP | PairCorr |
| 0.48 | SXC | Sunny Optical Technology | PairCorr |
| 0.46 | MIE1 | Mitsubishi Electric | PairCorr |
| 0.8 | JYS1 | JYSKE BANK | PairCorr |
| 0.8 | TKA | thyssenkrupp AG | PairCorr |
| 0.8 | BSN | Danone SA | PairCorr |
| 0.77 | 5TP | BLUE LABEL | PairCorr |
| 0.74 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.7 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.62 | BRH | Berkshire Hathaway | PairCorr |
| 0.62 | BY6A | BYD Limited | PairCorr |
| 0.6 | TLLB | Trelleborg AB | PairCorr |
| 0.56 | SOBA | ATT Inc | PairCorr |
| 0.56 | E908 | Lyxor 1 | PairCorr |
| 0.54 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.47 | MRG | Outcrop Silver Gold | PairCorr |
| 0.4 | ROM | Rohm Co | PairCorr |
Related Correlations Analysis
| 0.39 | 0.87 | 0.75 | 0.58 | 0.77 | 0.88 | FOO | ||
| 0.39 | 0.3 | 0.14 | 0.22 | 0.53 | 0.54 | HLG | ||
| 0.87 | 0.3 | 0.58 | 0.44 | 0.65 | 0.69 | 26Y | ||
| 0.75 | 0.14 | 0.58 | 0.64 | 0.47 | 0.82 | 6LA | ||
| 0.58 | 0.22 | 0.44 | 0.64 | 0.4 | 0.66 | G03 | ||
| 0.77 | 0.53 | 0.65 | 0.47 | 0.4 | 0.68 | E4C | ||
| 0.88 | 0.54 | 0.69 | 0.82 | 0.66 | 0.68 | WN6 | ||
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Risk-Adjusted Indicators
There is a big difference between Richardson Stock performing well and Richardson 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 Richardson 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FOO | 1.32 | (0.35) | 0.00 | (1.18) | 0.00 | 2.58 | 12.90 | |||
| HLG | 2.78 | 0.15 | 0.04 | (0.19) | 3.85 | 8.82 | 42.74 | |||
| 26Y | 2.65 | (0.84) | 0.00 | 12.11 | 0.00 | 4.35 | 17.69 | |||
| 6LA | 1.20 | (0.22) | 0.00 | (12.96) | 0.00 | 1.74 | 9.67 | |||
| G03 | 1.62 | (0.03) | 0.00 | (0.18) | 0.00 | 3.03 | 17.94 | |||
| E4C | 1.09 | (0.14) | 0.00 | 0.19 | 0.00 | 2.26 | 9.08 | |||
| WN6 | 1.28 | (0.23) | 0.00 | (1.34) | 0.00 | 2.59 | 10.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Richardson Electronics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Richardson Electronics Corporate Management
Elected by the shareholders, the Richardson Electronics' board of directors comprises two types of representatives: Richardson Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Richardson. The board's role is to monitor Richardson Electronics' management team and ensure that shareholders' interests are well served. Richardson 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, Richardson Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wendy Diddell | COO VP | Profile | |
| Christopher Marshall | Power Marketing | Profile | |
| Robert Ben | CFO, VP | Profile | |
| Kathleen McNally | VP Chain | Profile | |
| Gregory Peloquin | Ex Group | Profile | |
| Edward Richardson | CEO Chairman | Profile | |
| Jens Ruppert | Ex Canvys | Profile |