Sanmina Correlations

SANM Stock

USD 76.19 0.07 0.09%

The current 90-days correlation between Sanmina and OSI Systems is 0.38 (i.e., Weak 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

Very weak diversification

The correlation between Sanmina and DJI is 0.47 (i.e., Very weak 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

0.68	VIAV	Viavi Solutions Sell-off Trend	Pair Corr
0.81	FFIV	F5 Networks	Pair Corr
0.78	FLEX	Flex	Pair Corr
0.82	CDW	CDW Corp	Pair Corr
0.92	CLS	Celestica	Pair Corr
0.62	DLB	Dolby Laboratories	Pair Corr
0.89	GLW	Corning Incorporated	Pair Corr
0.82	JBL	Jabil Circuit	Pair Corr

Moving against Sanmina Stock

0.44	EHGO	Eshallgo Class A	Pair Corr
0.39	ERIC	Telefonaktiebolaget	Pair Corr

Related Correlations Analysis

	BHE	MEI	OSIS	CLS	PLXS	FLEX	CTS	BELFA	JBL	FN
BHE		0.8	-0.51	-0.01	0.98	0.43	0.94	0.81	0.03	0.79	BHE
MEI	0.8		-0.12	0.23	0.82	0.61	0.83	0.78	0.31	0.61	MEI
OSIS	-0.51	-0.12		0.58	-0.54	0.24	-0.42	-0.27	0.45	-0.23	OSIS
CLS	-0.01	0.23	0.58		-0.01	0.83	-0.11	-0.17	0.86	0.26	CLS
PLXS	0.98	0.82	-0.54	-0.01		0.42	0.93	0.82	0.02	0.72	PLXS
FLEX	0.43	0.61	0.24	0.83	0.42		0.32	0.16	0.88	0.51	FLEX
CTS	0.94	0.83	-0.42	-0.11	0.93	0.32		0.91	-0.09	0.65	CTS
BELFA	0.81	0.78	-0.27	-0.17	0.82	0.16	0.91		-0.23	0.54	BELFA
JBL	0.03	0.31	0.45	0.86	0.02	0.88	-0.09	-0.23		0.2	JBL
FN	0.79	0.61	-0.23	0.26	0.72	0.51	0.65	0.54	0.2		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	+ 0.98	BHE
CTS	+ 0.94	BHE
CTS	+ 0.93	PLXS
BELFA	+ 0.91	CTS
JBL	+ 0.88	FLEX
JBL	+ 0.86	CLS

High negative correlations

PLXS	- 0.54	OSIS
OSIS	- 0.51	BHE
CTS	- 0.42	OSIS
BELFA	- 0.27	OSIS
JBL	- 0.23	BELFA
FN	- 0.23	OSIS

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	1.41	(0.15)	0.00	(0.28)	0.00	0.00	2.51	(3.52)	10.57
MEI	3.10	(0.67)	0.00	(0.36)	0.00	0.00	4.91	(6.72)	38.95
OSIS	1.88	0.20	0.07	0.06	2.50	(1.86)	3.53	(4.10)	19.95
CLS	4.04	0.36	0.04	0.12	6.86	(3.81)	8.86	(7.29)	37.21
PLXS	1.30	(0.37)	0.00	(0.63)	0.00	0.00	1.77	(3.00)	12.43
FLEX	1.96	0.02	0.00	(0.08)	0.00	0.00	3.63	(4.80)	16.57
CTS	1.28	(0.30)	0.00	(0.40)	0.00	0.00	2.05	(3.56)	6.79
BELFA	1.87	(0.36)	0.00	(1.05)	0.00	0.00	3.53	(4.33)	13.15
JBL	1.56	0.17	0.06	0.05	2.50	(1.51)	3.25	(3.42)	15.22
FN	3.21	0.04	0.00	(0.02)	0.00	0.00	5.54	(7.17)	27.92

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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