JABIL CIRCUIT Correlations

Stocks . Germany . 
Stock . JABIL CIRCUIT
JBL Stock  EUR 141.00  0.00  0.00%   
The current 90-days correlation between JABIL CIRCUIT and TOREX SEMICONDUCTOR LTD is 0.18 (i.e., Average diversification). The correlation of JABIL CIRCUIT 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.

JABIL CIRCUIT Correlation With Market

Modest diversification

The correlation between JABIL CIRCUIT and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JABIL CIRCUIT and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to JABIL CIRCUIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JABIL CIRCUIT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JABIL CIRCUIT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JABIL CIRCUIT to buy it.

Moving together with JABIL Stock

  0.83APC Apple IncPairCorr
  0.83APC Apple IncPairCorr
  0.84APC Apple IncPairCorr
  0.82APC Apple IncPairCorr
  0.78MSF MicrosoftPairCorr
  0.77MSF MicrosoftPairCorr
  0.76MSF MicrosoftPairCorr
  0.77MSF MicrosoftPairCorr
  0.77MSF MicrosoftPairCorr
  0.88AMZ Amazon IncPairCorr
  0.9CYL CryoLifePairCorr
  0.9CYL CRYOLIFEPairCorr
  0.87UFH US FOODS HOLDINGPairCorr
  0.882T9A TRAINLINE PLC LSPairCorr
  0.71KOMA KOMATSU LTD SPONSPairCorr
  0.69D2V PARKEN Sport EntertaPairCorr
  0.78HXL HexcelPairCorr
  0.79SK3 Smurfit Kappa GroupPairCorr
  0.72WX7 Corporate Office ProPairCorr
  0.83AZ5 AutoZonePairCorr
  0.83EQN2 EquinixPairCorr
  0.8PPB Flutter Entertainment PLCPairCorr
  0.912WY Wyndham Hotels ResortsPairCorr
  0.75TSFA Taiwan SemiconductorPairCorr
  0.8WX1 Acadia Realty TrustPairCorr
  0.83APC Apple IncPairCorr
  0.644GE Grupo Mxico SABPairCorr
  0.780XHR Xenia Hotels ResortsPairCorr
  0.73FFH Fifth Third BancorpPairCorr
  0.93PTX Palantir TechnologiesPairCorr

Moving against JABIL Stock

  0.86EII EisaiPairCorr
  0.64AXI Atos SEPairCorr
  0.3218V CHINA VANKE TDPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
9JD
+ 0.91
8KH
DSG
+ 0.76
CUW
LWF
+ 0.57
SMG
LWF
+ 0.45
8KH
LWF
+ 0.44
9JD
8KH
+ 0.43
VNX
  
High negative correlations   
CUW
- 0.84
8KH
9JD
- 0.82
CUW
DSG
- 0.7
8KH
9JD
- 0.61
DSG
LWF
- 0.52
CUW
CUW
- 0.47
VNX

Risk-Adjusted Indicators

There is a big difference between JABIL Stock performing well and JABIL CIRCUIT 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 JABIL CIRCUIT'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in JABIL CIRCUIT without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Balance Of Power Now

   

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY