Electronic Sensor Correlations

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electronic Sensor Technology. 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.

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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    TDY + 0.81 COHR COHR + 0.8 CPTN SVRE + 0.7 SVREW FTV + 0.65 MIND TDY + 0.63 CPTN COHR + 0.54 FTV

High negative correlations    TDY - 0.9 SVRE COHR - 0.79 SVRE TDY - 0.69 SVREW SVRE - 0.67 CPTN COHR - 0.52 SVREW CPTN - 0.46 SVREW

Risk-Adjusted Indicators

There is a big difference between Electronic Stock performing well and Electronic Sensor 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 Electronic Sensor'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.