Vishay Precision Correlations

VPG Stock  USD 23.85  0.97  4.24%   
The current 90-days correlation between Vishay Precision and Mesa Laboratories is -0.13 (i.e., Good diversification). The correlation of Vishay Precision 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.

Vishay Precision Correlation With Market

Very weak diversification

The correlation between Vishay Precision Group and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vishay Precision Group 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 Vishay Precision Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Vishay Stock

  0.7VNT Vontier CorpPairCorr
  0.76KEYS Keysight TechnologiesPairCorr
  0.67MIND Mind Technology Downward RallyPairCorr
  0.63BKSY Blacksky TechnologyPairCorr

Moving against Vishay Stock

  0.49ITRI Itron IncPairCorr

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   
FTVSEPJF
NOVTCOHR
FTVMLAB
BMIMLAB
MLABSEPJF
BMIFTV
  
High negative correlations   
COHRESE
NOVTESE
ITRIESE
FTVITRI
FCUVESE
ITRISEPJF

Risk-Adjusted Indicators

There is a big difference between Vishay Stock performing well and Vishay Precision 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 Vishay Precision'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
SEPJF  2.45  0.15  0.03  0.12  3.19 
 5.59 
 20.06 
MLAB  2.22 (0.01) 0.01  0.01  2.87 
 4.28 
 13.66 
ESE  1.69  0.32  0.18  0.37  1.54 
 2.60 
 24.14 
FCUV  12.17  3.03  0.30 (2.84) 8.89 
 29.33 
 200.44 
COHR  3.66 (0.32) 0.00 (0.19) 0.00 
 6.19 
 25.13 
ST  1.58 (0.07) 0.00 (0.11) 0.00 
 2.73 
 14.38 
NOVT  1.27 (0.29) 0.00 (0.35) 0.00 
 1.65 
 10.19 
ITRI  1.35 (0.02) 0.00  0.16  0.00 
 2.50 
 12.12 
FTV  0.98  0.01  0.00 (0.02) 0.00 
 1.87 
 5.10 
BMI  1.23 (0.20) 0.00  18.07  0.00 
 2.17 
 6.90