MACOM Technology Correlations

1MA Stock

EUR 127.00 2.00 1.60%

The current 90-days correlation between MACOM Technology Sol and Playtech plc is 0.1 (i.e., Average diversification). The correlation of MACOM Technology 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.

MACOM Technology Correlation With Market

Average diversification

The correlation between MACOM Technology Solutions and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MACOM Technology Solutions and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MACOM Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MACOM Technology 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 MACOM Technology - 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 MACOM Technology Solutions to buy it.

Moving together with MACOM Stock

0.67	TSFA	Taiwan Semiconductor	Pair Corr
0.62	1YD	Broadcom	Pair Corr
0.8	WMT	Walmart	Pair Corr
0.61	DBPE	Xtrackers LevDAX	Pair Corr
0.65	E908	Lyxor 1	Pair Corr

Moving against MACOM Stock

0.67	PQ9	PT Bank Mandiri	Pair Corr
0.66	DBPD	Xtrackers ShortDAX	Pair Corr
0.61	AMD	Advanced Micro Devices	Pair Corr
0.6	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.59	SSU	Samsung Electronics	Pair Corr
0.59	SSU	Samsung Electronics	Pair Corr
0.58	SSUN	Samsung Electronics	Pair Corr
0.57	AMD	Advanced Micro Devices	Pair Corr
0.56	SSUN	Samsung Electronics	Pair Corr
0.46	BZG2	PT Bank Central	Pair Corr
0.39	KBIA	KB Financial Group Earnings Call This Week	Pair Corr
0.35	INL	Intel	Pair Corr
0.33	TII	Texas Instruments	Pair Corr
0.31	INL	Intel	Pair Corr

Related Correlations Analysis

	8DA1	PL8	6P5	22F	YV0	22UA	9GY	AG8
8DA1		-0.26	-0.17	-0.39	-0.41	-0.21	-0.35	-0.37	8DA1
PL8	-0.26		-0.23	0.11	-0.19	-0.14	-0.06	0.0	PL8
6P5	-0.17	-0.23		0.51	0.69	0.49	0.61	0.81	6P5
22F	-0.39	0.11	0.51		0.66	0.3	0.75	0.46	22F
YV0	-0.41	-0.19	0.69	0.66		0.71	0.74	0.76	YV0
22UA	-0.21	-0.14	0.49	0.3	0.71		0.31	0.61	22UA
9GY	-0.35	-0.06	0.61	0.75	0.74	0.31		0.67	9GY
AG8	-0.37	0.0	0.81	0.46	0.76	0.61	0.67		AG8
	8DA1	PL8	6P5	22F	YV0	22UA	9GY	AG8

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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

AG8	+ 0.81	6P5
AG8	+ 0.76	YV0
9GY	+ 0.75	22F
9GY	+ 0.74	YV0
22UA	+ 0.71	YV0
YV0	+ 0.69	6P5

High negative correlations

YV0	- 0.41	8DA1
22F	- 0.39	8DA1
AG8	- 0.37	8DA1
9GY	- 0.35	8DA1
PL8	- 0.26	8DA1
6P5	- 0.23	PL8

Risk-Adjusted Indicators

There is a big difference between MACOM Stock performing well and MACOM Technology 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 MACOM Technology'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
8DA1	1.65	(0.13)	0.00	0.72	0.00	0.00	2.97	(3.54)	17.70
PL8	0.81	0.01	(0.09)	0.01	0.95	(0.96)	1.58	(1.64)	4.22
6P5	1.27	0.22	0.09	0.90	1.28	(1.50)	3.33	(2.51)	8.96
22F	1.33	0.33	0.15	(1.69)	1.22	(1.79)	3.33	(2.60)	9.22
YV0	1.00	0.26	0.10	(0.87)	0.84	(1.46)	2.50	(1.75)	7.47
22UA	2.03	0.19	0.05	0.50	2.64	(2.40)	5.13	(3.91)	16.83
9GY	2.09	0.48	0.17	1.03	1.51	(3.67)	5.33	(3.53)	21.30
AG8	1.33	0.20	0.11	0.49	1.17	(1.70)	3.74	(1.77)	10.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in MACOM Technology 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.

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