Vishay Intertechnology Correlations

Stocks . USA . 
Stock . Vishay Intertechnology
VSH Stock  USD 19.10  0.14  0.74%   
The current 90-days correlation between Vishay Intertechnology and Silicon Motion Technology is 0.33 (i.e., Weak diversification). The correlation of Vishay Intertechnology 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 Intertechnology Correlation With Market

Poor diversification

The correlation between Vishay Intertechnology and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vishay Intertechnology 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 Intertechnology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more detail on how to invest in Vishay Stock please use our How to Invest in Vishay Intertechnology guide.

Moving together with Vishay Stock

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Moving against Vishay Stock

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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   
NVDA
+ 0.8
INTC
NVDA
+ 0.76
MU
MU
+ 0.7
INTC
MU
+ 0.67
ASX
AMD
+ 0.58
SIMO
AMD
+ 0.55
ASX
  
High negative correlations   
NVDA
- 0.52
SIMO
INTC
- 0.41
SIMO
MU
- 0.38
LEDS
LEDS
- 0.37
ASX
INTC
- 0.33
LEDS
AMD
- 0.3
LEDS

Risk-Adjusted Indicators

There is a big difference between Vishay Stock performing well and Vishay Intertechnology 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 Intertechnology'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.

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