Interlink Electronics Correlations

LINK Stock

USD 4.41 0.27 6.52%

The current 90-days correlation between Interlink Electronics and Methode Electronics is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Interlink Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Interlink Electronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Interlink Electronics Correlation With Market

Good diversification

The correlation between Interlink Electronics and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interlink Electronics and NYA in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Interlink 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 board of governors.

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

Moving together with Interlink Stock

0.7	HOLI	Hollysys Automation	Pair Corr
0.63	JNPR	Juniper Networks	Pair Corr
0.62	LPTH	LightPath Technologies Fiscal Year End 12th of September 2024	Pair Corr
0.63	MINM	Minim Inc Financial Report 11th of November 2024	Pair Corr
0.62	NTGR	NETGEAR Tech Boost	Pair Corr

Moving against Interlink Stock

0.78	KN	Knowles Cor	Pair Corr
0.73	NOK	Nokia Corp ADR	Pair Corr
0.71	KE	Kimball Electronics Fiscal Year End 21st of August 2024	Pair Corr
0.71	CTS	CTS Corporation	Pair Corr
0.69	NEON	Neonode	Pair Corr
0.66	VISL	Vislink Technologies	Pair Corr
0.66	INSG	Inseego Corp	Pair Corr
0.6	ERIC	Telefonaktiebolaget Financial Report 12th of July 2024	Pair Corr
0.56	FLEX	Flex	Pair Corr
0.43	BDC	Belden Inc	Pair Corr
0.75	SATS	EchoStar	Pair Corr
0.72	AAPL	Apple Inc Buyout Trend	Pair Corr
0.68	EVCM	EverCommerce Earnings Call Next Week	Pair Corr
0.6	SILC	Silicom	Pair Corr
0.56	ETWO	E2open Parent Holdings Financial Report 8th of July 2024	Pair Corr
0.48	APP	Applovin Corp	Pair Corr
0.46	ARW	Arrow Electronics	Pair Corr
0.44	RDWR	Radware	Pair Corr
0.35	ADTN	ADTRAN Inc	Pair Corr
0.33	AI	C3 Ai Inc	Pair Corr

Related Correlations Analysis

	MEI	BELFA	CTS	HOLO	PLXS	OSIS	BHE	LYTS	SANM	CLS
MEI		-0.57	-0.42	0.12	-0.25	-0.3	-0.22	-0.33	-0.21	-0.41	MEI
BELFA	-0.57		0.81	-0.53	0.67	0.48	0.67	0.56	0.66	0.86	BELFA
CTS	-0.42	0.81		-0.61	0.93	0.38	0.83	0.79	0.8	0.84	CTS
HOLO	0.12	-0.53	-0.61		-0.67	-0.14	-0.62	-0.34	-0.5	-0.5	HOLO
PLXS	-0.25	0.67	0.93	-0.67		0.3	0.8	0.8	0.76	0.76	PLXS
OSIS	-0.3	0.48	0.38	-0.14	0.3		0.09	0.5	0.09	0.49	OSIS
BHE	-0.22	0.67	0.83	-0.62	0.8	0.09		0.58	0.93	0.76	BHE
LYTS	-0.33	0.56	0.79	-0.34	0.8	0.5	0.58		0.58	0.67	LYTS
SANM	-0.21	0.66	0.8	-0.5	0.76	0.09	0.93	0.58		0.74	SANM
CLS	-0.41	0.86	0.84	-0.5	0.76	0.49	0.76	0.67	0.74		CLS
	MEI	BELFA	CTS	HOLO	PLXS	OSIS	BHE	LYTS	SANM	CLS

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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

PLXS	+ 0.93	CTS
SANM	+ 0.93	BHE
CLS	+ 0.86	BELFA
CLS	+ 0.84	CTS
BHE	+ 0.83	CTS
CTS	+ 0.81	BELFA

High negative correlations

PLXS	- 0.67	HOLO
BHE	- 0.62	HOLO
HOLO	- 0.61	CTS
BELFA	- 0.57	MEI
HOLO	- 0.53	BELFA
CLS	- 0.5	HOLO

Risk-Adjusted Indicators

There is a big difference between Interlink Stock performing well and Interlink 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 Interlink 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MEI	2.65	(0.33)	0.00	(0.18)	0.00	0.00	4.62	(6.62)	16.98
BELFA	1.23	0.37	0.18	0.49	1.39	(1.31)	3.05	(3.09)	10.40
CTS	1.39	0.23	0.16	0.16	1.33	(1.55)	3.26	(2.42)	7.40
HOLO	8.02	(1.74)	0.00	2.94	0.00	0.00	21.63	(15.12)	94.01
PLXS	1.06	0.16	0.11	0.15	1.30	(1.04)	2.54	(2.23)	6.12
OSIS	1.44	0.11	0.06	0.07	1.81	(1.49)	2.81	(3.45)	7.11
BHE	1.58	0.54	0.32	0.82	1.15	(1.99)	3.50	(2.35)	21.45
LYTS	1.48	0.11	0.07	0.08	1.55	(1.66)	4.06	(2.71)	8.64
SANM	1.24	0.08	0.04	1.18	1.84	(1.22)	2.59	(2.42)	9.00
CLS	2.46	0.38	0.13	0.27	2.62	(2.76)	6.19	(4.81)	15.34

Interlink Electronics Corporate Executives

Elected by the shareholders, the Interlink Electronics' board of directors comprises two types of representatives: Interlink Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Interlink. The board's role is to monitor Interlink Electronics' management team and ensure that shareholders' interests are well served. Interlink Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Interlink Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Ryan Hoffman

CFO Secretary

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