Sanmina Correlations

SANM Stock

USD 84.89 0.83 0.97%

The current 90-days correlation between Sanmina and OSI Systems is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sanmina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sanmina moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sanmina Correlation With Market

Average diversification

The correlation between Sanmina and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sanmina and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sanmina. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Sanmina Stock, please use our How to Invest in Sanmina guide.

Moving together with Sanmina Stock

0.73	FKWL	Franklin Wireless Corp	Pair Corr
0.65	FLEX	Flex	Pair Corr
0.74	CDW	CDW Corp	Pair Corr
0.88	CLS	Celestica	Pair Corr
0.73	JBL	Jabil Circuit	Pair Corr
0.8	NOK	Nokia Corp ADR	Pair Corr
0.69	KVHI	KVH Industries	Pair Corr
0.85	OSIS	OSI Systems	Pair Corr
0.85	ADTN	ADTRAN Inc	Pair Corr
0.84	AUDC	AudioCodes	Pair Corr
0.82	AVNW	Aviat Networks	Pair Corr
0.69	TSAT	Telesat Corp	Pair Corr
0.62	CMBM	Cambium Networks Corp	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr

Moving against Sanmina Stock

0.73	CTS	CTS Corporation	Pair Corr
0.66	BHE	Benchmark Electronics	Pair Corr
0.64	ZBRA	Zebra Technologies	Pair Corr
0.61	KE	Kimball Electronics	Pair Corr
0.58	KN	Knowles Cor	Pair Corr
0.52	EBON	Ebang International	Pair Corr
0.44	EXTR	Extreme Networks	Pair Corr
0.4	MSI	Motorola Solutions	Pair Corr
0.36	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.69	PLXS	Plexus Corp	Pair Corr
0.59	BELFA	Bel Fuse A	Pair Corr
0.54	RELL	Richardson Electronics	Pair Corr
0.77	CMTL	Comtech Telecommunicatio	Pair Corr
0.64	FICO	Fair Isaac	Pair Corr
0.31	CRNT	Ceragon Networks	Pair Corr

Related Correlations Analysis

	BHE	MEI	OSIS	CLS	PLXS	FLEX	CTS	BELFA	JBL	FN
BHE		0.29	-0.7	-0.72	0.96	-0.33	0.9	0.78	-0.65	0.67	BHE
MEI	0.29		-0.01	-0.08	0.35	-0.11	0.41	0.29	0.06	0.29	MEI
OSIS	-0.7	-0.01		0.73	-0.75	0.43	-0.6	-0.4	0.59	-0.29	OSIS
CLS	-0.72	-0.08	0.73		-0.71	0.73	-0.82	-0.77	0.86	-0.19	CLS
PLXS	0.96	0.35	-0.75	-0.71		-0.39	0.86	0.75	-0.64	0.61	PLXS
FLEX	-0.33	-0.11	0.43	0.73	-0.39		-0.54	-0.63	0.81	0.06	FLEX
CTS	0.9	0.41	-0.6	-0.82	0.86	-0.54		0.89	-0.78	0.49	CTS
BELFA	0.78	0.29	-0.4	-0.77	0.75	-0.63	0.89		-0.84	0.42	BELFA
JBL	-0.65	0.06	0.59	0.86	-0.64	0.81	-0.78	-0.84		-0.19	JBL
FN	0.67	0.29	-0.29	-0.19	0.61	0.06	0.49	0.42	-0.19		FN
	BHE	MEI	OSIS	CLS	PLXS	FLEX	CTS	BELFA	JBL	FN

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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	+ 0.96	BHE
CTS	+ 0.9	BHE
BELFA	+ 0.89	CTS
JBL	+ 0.86	CLS
CTS	+ 0.86	PLXS
JBL	+ 0.81	FLEX

High negative correlations

JBL	- 0.84	BELFA
CTS	- 0.82	CLS
JBL	- 0.78	CTS
BELFA	- 0.77	CLS
PLXS	- 0.75	OSIS
CLS	- 0.72	BHE

Risk-Adjusted Indicators

There is a big difference between Sanmina Stock performing well and Sanmina 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 Sanmina'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
BHE	1.18	(0.23)	0.00	(0.33)	0.00	0.00	2.05	(3.23)	10.57
MEI	2.86	0.28	0.08	(6.80)	3.26	(3.44)	7.61	(5.67)	29.97
OSIS	1.64	0.43	0.19	0.30	1.82	(1.77)	3.53	(3.28)	19.87
CLS	3.49	0.60	0.09	5.57	5.88	(3.43)	8.86	(5.83)	37.21
PLXS	1.16	(0.22)	0.00	(0.71)	0.00	0.00	1.90	(2.39)	12.43
FLEX	1.72	0.08	0.03	0.08	2.71	(1.76)	3.73	(2.80)	18.94
CTS	1.29	(0.26)	0.00	(0.35)	0.00	0.00	2.09	(3.13)	7.60
BELFA	1.70	(0.11)	0.00	(0.24)	0.00	0.00	3.36	(4.24)	13.15
JBL	1.21	0.32	0.17	0.58	1.65	(1.39)	2.87	(2.11)	15.22
FN	2.91	(0.11)	0.00	(0.40)	0.00	0.00	4.34	(4.74)	29.01

Sanmina Corporate Management

Alan Reid	Executive VP of Global HR	Profile
Vishnu Venkatesh	Senior Transformation	Profile
Paige Melching	Senior Communications	Profile
Kurt Adzema	Ex CFO	Profile

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