Astera Labs Correlations

ALAB Stock

165.77 4.76 2.96%

The current 90-days correlation between Astera Labs and Microchip Technology is 0.2 (i.e., Modest diversification). The correlation of Astera Labs 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.

Astera Labs Correlation With Market

Average diversification

The correlation between Astera Labs and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astera Labs and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Astera Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astera Labs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Astera Stock refer to our How to Trade Astera Stock guide.

Moving together with Astera Stock

0.62	MX	MagnaChip Semiconductor	Pair Corr
0.68	JD	JD Inc Adr	Pair Corr

Moving against Astera Stock

0.41	TSEM	Tower Semiconductor Sell-off Trend	Pair Corr
0.34	WMT	Walmart Common Stock	Pair Corr
0.31	AMAT	Applied Materials	Pair Corr
0.78	KO	Coca Cola	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.56	CSCO	Cisco Systems	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.52	JNJ	Johnson Johnson	Pair Corr
0.51	CAT	Caterpillar	Pair Corr
0.51	DD	Dupont De Nemours	Pair Corr
0.38	XOM	Exxon Mobil Corp	Pair Corr
0.35	BAC	Bank of America Earnings Call This Week	Pair Corr
0.31	ADAMI	New York Mortgage Symbol Change	Pair Corr

Related Correlations Analysis

	MCHP	TER	ASX	PSTG	CRDO	FIS	KEYS	HPE	SMCI	SNDK
MCHP		0.18	0.04	-0.29	-0.11	0.59	0.29	0.77	0.2	-0.19	MCHP
TER	0.18		0.94	-0.68	0.3	-0.07	0.93	0.07	-0.8	0.81	TER
ASX	0.04	0.94		-0.53	0.35	-0.23	0.81	-0.05	-0.75	0.85	ASX
PSTG	-0.29	-0.68	-0.53		0.25	-0.27	-0.78	-0.04	0.79	-0.51	PSTG
CRDO	-0.11	0.3	0.35	0.25		-0.34	0.26	-0.05	-0.01	0.13	CRDO
FIS	0.59	-0.07	-0.23	-0.27	-0.34		0.17	0.48	0.06	-0.22	FIS
KEYS	0.29	0.93	0.81	-0.78	0.26	0.17		0.13	-0.79	0.65	KEYS
HPE	0.77	0.07	-0.05	-0.04	-0.05	0.48	0.13		0.35	-0.22	HPE
SMCI	0.2	-0.8	-0.75	0.79	-0.01	0.06	-0.79	0.35		-0.79	SMCI
SNDK	-0.19	0.81	0.85	-0.51	0.13	-0.22	0.65	-0.22	-0.79		SNDK
	MCHP	TER	ASX	PSTG	CRDO	FIS	KEYS	HPE	SMCI	SNDK

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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

ASX	+ 0.94	TER
KEYS	+ 0.93	TER
SNDK	+ 0.85	ASX
SNDK	+ 0.81	TER
KEYS	+ 0.81	ASX
SMCI	+ 0.79	PSTG

High negative correlations

SMCI	- 0.8	TER
SNDK	- 0.79	SMCI
SMCI	- 0.79	KEYS
KEYS	- 0.78	PSTG
SMCI	- 0.75	ASX
PSTG	- 0.68	TER

Risk-Adjusted Indicators

There is a big difference between Astera Stock performing well and Astera Labs 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 Astera Labs' 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
MCHP	2.21	0.01	0.06	0.09	2.47	(2.37)	6.14	(4.48)	15.07
TER	2.70	0.55	0.19	0.30	2.85	(2.94)	6.80	(5.23)	27.80
ASX	2.11	0.60	0.25	0.53	1.96	(2.33)	5.45	(3.59)	13.07
PSTG	2.67	(0.38)	0.00	(0.22)	0.00	0.00	4.99	(5.40)	34.28
CRDO	4.35	(0.25)	0.00	(0.01)	0.00	0.00	10.04	(8.15)	23.45
FIS	1.00	(0.04)	(0.04)	0.03	1.58	(0.97)	2.02	(1.86)	8.74
KEYS	1.50	0.15	0.11	0.16	1.94	(1.61)	2.87	(3.09)	13.11
HPE	1.67	(0.14)	0.00	(0.01)	0.00	0.00	2.85	(4.17)	14.81
SMCI	2.95	(0.91)	0.00	(0.40)	0.00	0.00	5.77	(7.44)	18.12
SNDK	6.07	1.44	0.28	0.36	5.69	(7.67)	15.31	(9.85)	36.75

Astera Labs Corporate Management

Ryan Wade	Vice Sales	Profile
Shivananda Koteshwar	Senior India	Profile
Michael CPA	Chief Officer	Profile
Kush Saxena	Chief Officer	Profile

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