SigmaTron International Correlations

Stocks . USA . 
Stock . SigmaTron International
SGMA Stock  USD 1.34  0.03  2.19%   
The correlation of SigmaTron International 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.

SigmaTron International Correlation With Market

Very weak diversification

The correlation between SigmaTron International and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SigmaTron International 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 SigmaTron International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade SigmaTron Stock refer to our How to Trade SigmaTron Stock guide.

Moving together with SigmaTron Stock

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Moving against SigmaTron Stock

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Related Correlations Analysis

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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   
BHE
+ 0.97
PLXS
SANM
+ 0.93
CLS
JBL
+ 0.92
FLEX
PLXS
+ 0.91
REFR
FLEX
+ 0.89
DAIO
BHE
+ 0.89
REFR
  
High negative correlations   
SANM
- 0.24
MTEK
CLS
- 0.12
MTEK
JBL
- 0.04
MTEK

Risk-Adjusted Indicators

There is a big difference between SigmaTron Stock performing well and SigmaTron International 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 SigmaTron International'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
IMTE  9.30  3.73  0.40  0.38  6.27 
(14.94)
 7.14 
(6.93)
 51.28 
DAIO  2.02 (0.11) 0.00 (0.14) 0.00 
 0.00 
 4.35 
(3.47)
 17.38 
REFR  2.20 (0.59) 0.00 (1.49) 0.00 
 0.00 
 4.32 
(6.41)
 18.84 
MTEK  5.93 (0.06) 0.00 (0.08) 0.00 
 0.00 
 12.30 
(10.81)
 55.36 
PLXS  1.38 (0.29) 0.00 (0.39) 0.00 
 0.00 
 2.35 
(3.00)
 12.43 
CLS  4.08  0.27  0.03  0.10  7.02 
(3.74)
 8.16 
(7.29)
 32.59 
BHE  1.50 (0.20) 0.00 (0.25) 0.00 
 0.00 
 2.85 
(3.52)
 10.57 
FLEX  2.03  0.05  0.01  0.00  3.35 
(1.83)
 3.63 
(4.80)
 16.57 
JBL  1.68  0.22  0.08  0.14  2.53 
(1.65)
 3.27 
(3.42)
 15.22 
SANM  1.46  0.07  0.03  0.02  2.27 
(1.41)
 3.18 
(3.21)
 13.03 

SigmaTron International Corporate Executives

Elected by the shareholders, the SigmaTron International's board of directors comprises two types of representatives: SigmaTron International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SigmaTron. The board's role is to monitor SigmaTron International's management team and ensure that shareholders' interests are well served. SigmaTron International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SigmaTron International's outside directors are responsible for providing unbiased perspectives on the board's policies.
James ReimanTreasurer CFOProfile
BS CPAVP CFOProfile
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