Servotronics Correlations

SVT Stock

USD 11.07 0.36 3.15%

The current 90-days correlation between Servotronics and Espey Mfg Electronics is -0.03 (i.e., Good diversification). The correlation of Servotronics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Servotronics Correlation With Market

Significant diversification

The correlation between Servotronics and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Servotronics 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 Servotronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

Moving against Servotronics Stock

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0.52	CAE	CAE Inc	Pair Corr
0.48	ERJ	Embraer SA ADR	Pair Corr
0.42	RDW	Redwire Corp	Pair Corr
0.41	AIR	AAR Corp	Pair Corr
0.36	EVEX	Eve Holding Trending	Pair Corr
0.36	HWM	Howmet Aerospace	Pair Corr
0.35	DCO	Ducommun Incorporated	Pair Corr
0.34	PL	Planet Labs PBC Earnings Call This Week	Pair Corr
0.48	LUNR	Intuitive Machines Aggressive Push	Pair Corr
0.44	KTOS	Kratos Defense Security	Pair Corr
0.41	TGI	Triumph Group Potential Growth	Pair Corr

Related Correlations Analysis

	ENR	HOLI	AYI	ESP	PLPC	KE	NEOV	NVNXF	EXROF
ENR		0.56	0.67	0.48	0.75	0.61	0.74	0.59	-0.47	ENR
HOLI	0.56		0.18	-0.1	0.49	0.69	0.75	-0.1	0.12	HOLI
AYI	0.67	0.18		0.89	0.82	0.6	0.6	0.75	-0.78	AYI
ESP	0.48	-0.1	0.89		0.58	0.39	0.3	0.8	-0.84	ESP
PLPC	0.75	0.49	0.82	0.58		0.82	0.77	0.49	-0.47	PLPC
KE	0.61	0.69	0.6	0.39	0.82		0.68	0.19	-0.23	KE
NEOV	0.74	0.75	0.6	0.3	0.77	0.68		0.27	-0.32	NEOV
NVNXF	0.59	-0.1	0.75	0.8	0.49	0.19	0.27		-0.67	NVNXF
EXROF	-0.47	0.12	-0.78	-0.84	-0.47	-0.23	-0.32	-0.67		EXROF
	ENR	HOLI	AYI	ESP	PLPC	KE	NEOV	NVNXF	EXROF

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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

ESP	+ 0.89	AYI
PLPC	+ 0.82	AYI
KE	+ 0.82	PLPC
NVNXF	+ 0.8	ESP
NEOV	+ 0.77	PLPC
PLPC	+ 0.75	ENR

High negative correlations

EXROF	- 0.84	ESP
EXROF	- 0.78	AYI
EXROF	- 0.67	NVNXF
EXROF	- 0.47	PLPC
EXROF	- 0.47	ENR
EXROF	- 0.32	NEOV

Risk-Adjusted Indicators

There is a big difference between Servotronics Stock performing well and Servotronics 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 Servotronics' 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
ENR	1.00	0.24	0.11	1.05	1.23	(1.13)	2.18	(1.30)	9.97
HOLI	1.21	0.19	0.01	(0.30)	1.72	(1.24)	2.60	(3.35)	19.49
AYI	1.22	0.26	0.18	0.40	0.99	(1.38)	2.54	(2.02)	11.12
ESP	2.25	0.44	0.18	0.66	1.92	(2.68)	4.93	(3.29)	26.01
PLPC	1.58	0.00	0.05	0.12	1.71	(1.70)	3.21	(3.01)	13.53
KE	1.63	(0.07)	0.01	0.08	1.80	(1.82)	3.85	(3.18)	11.84
NEOV	4.52	1.27	0.21	(2.97)	4.63	(5.13)	11.11	(7.32)	21.90
NVNXF	4.44	0.62	0.13	1.05	3.64	(6.57)	10.64	(6.00)	20.81
EXROF	7.19	(1.68)	0.00	(0.28)	0.00	0.00	19.57	(12.50)	52.99

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