TE Connectivity Correlations

TEL Stock

USD 146.17 0.11 0.08%

The current 90-days correlation between TE Connectivity and Jabil Circuit is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TE Connectivity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TE Connectivity moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TE Connectivity Correlation With Market

Very weak diversification

The correlation between TE Connectivity and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TE Connectivity 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 TE Connectivity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with TEL Stock

0.72	CSCO	Cisco Systems	Pair Corr
0.65	DOCN	DigitalOcean Holdings	Pair Corr
0.61	ENFN	Enfusion	Pair Corr

Moving against TEL Stock

0.44	QUBT	Quantum Computing Trending	Pair Corr
0.32	PAY	Paymentus Holdings	Pair Corr
0.32	BL	Blackline	Pair Corr
0.38	BMR	Beamr Imaging	Pair Corr
0.33	TTD	Trade Desk	Pair Corr

Related Correlations Analysis

	LFUS	FN	JBL	SANM	MEI	APH	PLXS	OSIS	BHE	BELFA
LFUS		0.42	0.54	0.62	0.74	0.64	0.54	0.21	0.48	0.35	LFUS
FN	0.42		0.27	0.23	0.52	0.61	0.67	-0.22	0.76	0.17	FN
JBL	0.54	0.27		0.85	0.46	0.43	0.18	0.42	0.16	0.51	JBL
SANM	0.62	0.23	0.85		0.34	0.33	0.06	0.66	0.05	0.16	SANM
MEI	0.74	0.52	0.46	0.34		0.81	0.82	-0.17	0.78	0.53	MEI
APH	0.64	0.61	0.43	0.33	0.81		0.74	-0.09	0.75	0.34	APH
PLXS	0.54	0.67	0.18	0.06	0.82	0.74		-0.56	0.97	0.44	PLXS
OSIS	0.21	-0.22	0.42	0.66	-0.17	-0.09	-0.56		-0.53	-0.24	OSIS
BHE	0.48	0.76	0.16	0.05	0.78	0.75	0.97	-0.53		0.4	BHE
BELFA	0.35	0.17	0.51	0.16	0.53	0.34	0.44	-0.24	0.4		BELFA
	LFUS	FN	JBL	SANM	MEI	APH	PLXS	OSIS	BHE	BELFA

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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	+ 0.85	JBL
PLXS	+ 0.82	MEI
APH	+ 0.81	MEI
BHE	+ 0.78	MEI
BHE	+ 0.76	FN

High negative correlations

OSIS	- 0.56	PLXS
BHE	- 0.53	OSIS
BELFA	- 0.24	OSIS
OSIS	- 0.22	FN
OSIS	- 0.17	MEI
OSIS	- 0.09	APH

Risk-Adjusted Indicators

There is a big difference between TEL Stock performing well and TE Connectivity 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 TE Connectivity'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
LFUS	1.41	(0.17)	0.00	(0.26)	0.00	0.00	2.54	(3.24)	8.91
FN	3.15	(0.01)	0.00	(0.09)	0.00	0.00	5.54	(7.17)	27.92
JBL	1.65	0.22	0.08	0.10	2.50	(1.61)	3.25	(3.42)	15.22
SANM	1.43	0.04	0.00	(0.03)	0.00	0.00	3.14	(3.21)	13.03
MEI	3.13	(0.66)	0.00	(0.33)	0.00	0.00	5.37	(6.72)	38.95
APH	1.78	(0.13)	0.00	0.23	0.00	0.00	3.28	(4.57)	19.61
PLXS	1.34	(0.34)	0.00	(0.52)	0.00	0.00	2.30	(3.00)	12.43
OSIS	1.99	0.21	0.07	0.08	2.46	(2.04)	3.70	(4.10)	19.95
BHE	1.44	(0.18)	0.00	(0.28)	0.00	0.00	2.78	(3.52)	10.57
BELFA	1.80	(0.41)	0.00	1.13	0.00	0.00	3.49	(4.24)	13.15

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