Methode Electronics Correlations

Methode Electronics Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Methode Electronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts. For more detail on how to invest in Methode Stock please use our How to Invest in Methode Electronics guide.

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 PRCH + 0.9 MOB LFMD + 0.75 SONM LFMD + 0.64 CURI PRCH + 0.63 MITQ MITQ + 0.62 MOB CLPT + 0.62 CURI

High negative correlations PRCH - 0.9 LFMD LFMD - 0.81 MOB PRCH - 0.74 CURI PRCH - 0.72 SONM CLPT - 0.71 MITQ CURI - 0.66 MITQ

Risk-Adjusted Indicators

There is a big difference between Methode Stock performing well and Methode Electronics 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 Methode Electronics' 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.