Richardson Electronics Correlations

RELL Stock

USD 12.35 0.31 2.57%

The current 90-days correlation between Richardson Electronics and Methode Electronics is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Richardson Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richardson Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Richardson Electronics Correlation With Market

Average diversification

The correlation between Richardson Electronics and DJI is 0.12 (i.e., Average 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Richardson 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 bureau of economic analysis.

For more information on how to buy Richardson Stock please use our How to buy in Richardson Stock guide.

Moving together with Richardson Stock

0.64	WBX	Wallbox NV	Pair Corr
0.66	AIRG	Airgain	Pair Corr
0.73	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.65	CRM	Salesforce	Pair Corr
0.7	SLNH	Soluna Holdings	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.69	PBCRY	Bank Central Asia	Pair Corr

Moving against Richardson Stock

0.7	ALTR	Altair Engineering	Pair Corr
0.46	JG	Aurora Mobile	Pair Corr
0.46	MQ	Marqeta	Pair Corr
0.39	ZS	Zscaler	Pair Corr
0.37	CSCO	Cisco Systems	Pair Corr
0.36	BB	BlackBerry Earnings Call This Week	Pair Corr
0.64	WM	Waste Management	Pair Corr
0.64	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.61	T	ATT Inc Sell-off Trend	Pair Corr
0.57	VZ	Verizon Communications	Pair Corr
0.56	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.49	CWCO	Consolidated Water Earnings Call Today	Pair Corr
0.48	IBM	International Business	Pair Corr
0.43	SSNLF	Samsung Electronics	Pair Corr
0.38	MCD	McDonalds	Pair Corr
0.36	300131	ShenZhen Yitoa Intel	Pair Corr

Related Correlations Analysis

	BELFA	LYTS	BHE	AMOT	PLXS	SANM	MEI	CTS	BELFB	OSIS
BELFA		0.45	0.78	0.0	0.82	0.03	0.83	0.9	0.76	-0.35	BELFA
LYTS	0.45		0.44	0.0	0.4	0.64	0.67	0.54	0.46	0.31	LYTS
BHE	0.78	0.44		0.0	0.97	0.06	0.77	0.92	0.34	-0.55	BHE
AMOT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AMOT
PLXS	0.82	0.4	0.97	0.0		0.08	0.82	0.92	0.41	-0.58	PLXS
SANM	0.03	0.64	0.06	0.0	0.08		0.34	0.02	0.34	0.65	SANM
MEI	0.83	0.67	0.77	0.0	0.82	0.34		0.84	0.67	-0.19	MEI
CTS	0.9	0.54	0.92	0.0	0.92	0.02	0.84		0.53	-0.48	CTS
BELFB	0.76	0.46	0.34	0.0	0.41	0.34	0.67	0.53		0.18	BELFB
OSIS	-0.35	0.31	-0.55	0.0	-0.58	0.65	-0.19	-0.48	0.18		OSIS
	BELFA	LYTS	BHE	AMOT	PLXS	SANM	MEI	CTS	BELFB	OSIS

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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

PLXS	+ 0.97	BHE
CTS	+ 0.92	BHE
CTS	+ 0.92	PLXS
CTS	+ 0.9	BELFA
CTS	+ 0.84	MEI
MEI	+ 0.83	BELFA

High negative correlations

OSIS	- 0.58	PLXS
OSIS	- 0.55	BHE
OSIS	- 0.48	CTS
OSIS	- 0.35	BELFA
OSIS	- 0.19	MEI
OSIS	- 0.0	AMOT

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
BELFA	1.96	(0.39)	0.00	(0.72)	0.00	0.00	3.62	(4.33)	13.15
LYTS	2.00	(0.10)	0.00	(0.09)	0.00	0.00	3.38	(4.37)	35.65
BHE	1.50	(0.20)	0.00	(0.25)	0.00	0.00	2.85	(3.52)	10.57
AMOT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLXS	1.38	(0.29)	0.00	(0.39)	0.00	0.00	2.35	(3.00)	12.43
SANM	1.46	0.07	0.03	0.02	2.27	(1.41)	3.18	(3.21)	13.03
MEI	3.17	(0.70)	0.00	(0.31)	0.00	0.00	5.37	(6.72)	38.95
CTS	1.32	(0.35)	0.00	(0.35)	0.00	0.00	2.32	(3.56)	6.79
BELFB	1.69	(0.15)	0.00	(0.24)	0.00	0.00	3.66	(3.23)	12.43
OSIS	2.02	0.23	0.08	0.12	2.37	(2.14)	4.92	(4.10)	19.95

Richardson Electronics Corporate Executives

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.

	Robert Ben	CFO, Executive VP and Corporate Secretary	Profile
	Wendy Diddell	COO and Executive VP of Corporate Devel.	Profile

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