Alpha Correlations

AOSL Stock

USD 22.35 0.36 1.59%

The current 90-days correlation between Alpha and Omega and SEALSQ Corp is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alpha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha and Omega moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Alpha Correlation With Market

Poor diversification

The correlation between Alpha and Omega and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha and Omega and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alpha Stock

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

Moving together with Alpha Stock

0.67	DIOD	Diodes Incorporated Tech Boost	Pair Corr
0.71	MU	Micron Technology Aggressive Push	Pair Corr
0.85	MX	MagnaChip Semiconductor	Pair Corr
0.76	ON	ON Semiconductor	Pair Corr
0.78	AMK	Amkor Technology	Pair Corr
0.79	VECO	Veeco Instruments Earnings Call This Week	Pair Corr
0.68	KU1	Kulicke and Soffa	Pair Corr
0.64	XXA1	Axcelis Technologies	Pair Corr
0.78	INL	Intel	Pair Corr
0.63	SPRQ	Sparq Systems	Pair Corr
0.77	ANL	Analog Devices	Pair Corr
0.72	ENTG	Entegris	Pair Corr
0.72	WAF	Siltronic AG	Pair Corr
0.68	ROM	ROHM Co	Pair Corr
0.68	VNX	NXP Semiconductors	Pair Corr
0.64	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.74	ASME	ASML Holding NV	Pair Corr
0.73	ASMF	ASML HOLDING NY	Pair Corr
0.74	BSI	BE Semiconductor Ind Earnings Call Tomorrow	Pair Corr
0.7	UMCB	United Microelectronics	Pair Corr

Moving against Alpha Stock

0.76	L5A	Canadian Solar	Pair Corr
0.62	QCE	Global PVQ SE	Pair Corr
0.6	DQ	Daqo New Energy Earnings Call Next Week	Pair Corr
0.58	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.55	NA	Nano Labs Downward Rally	Pair Corr
0.47	ARM	Arm Holdings plc	Pair Corr
0.42	FSLR	First Solar	Pair Corr

Related Correlations Analysis

	LAES	ADTN	ICHR	SKYT	IMOS	CRSR	INDI	YMT	WOLF	OPFI
LAES		-0.05	-0.17	0.1	0.14	0.41	0.75	0.23	0.61	0.16	LAES
ADTN	-0.05		0.87	0.8	0.66	-0.48	0.37	0.33	-0.27	-0.19	ADTN
ICHR	-0.17	0.87		0.79	0.69	-0.59	0.18	0.14	-0.3	-0.52	ICHR
SKYT	0.1	0.8	0.79		0.92	-0.64	0.45	0.67	-0.23	-0.33	SKYT
IMOS	0.14	0.66	0.69	0.92		-0.62	0.45	0.65	-0.2	-0.26	IMOS
CRSR	0.41	-0.48	-0.59	-0.64	-0.62		0.12	-0.34	0.68	0.47	CRSR
INDI	0.75	0.37	0.18	0.45	0.45	0.12		0.41	0.39	0.17	INDI
YMT	0.23	0.33	0.14	0.67	0.65	-0.34	0.41		-0.06	0.14	YMT
WOLF	0.61	-0.27	-0.3	-0.23	-0.2	0.68	0.39	-0.06		0.2	WOLF
OPFI	0.16	-0.19	-0.52	-0.33	-0.26	0.47	0.17	0.14	0.2		OPFI
	LAES	ADTN	ICHR	SKYT	IMOS	CRSR	INDI	YMT	WOLF	OPFI

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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

IMOS	+ 0.92	SKYT
ICHR	+ 0.87	ADTN
SKYT	+ 0.8	ADTN
SKYT	+ 0.79	ICHR
INDI	+ 0.75	LAES
IMOS	+ 0.69	ICHR

High negative correlations

CRSR	- 0.64	SKYT
CRSR	- 0.62	IMOS
CRSR	- 0.59	ICHR
OPFI	- 0.52	ICHR
CRSR	- 0.48	ADTN
YMT	- 0.34	CRSR

Risk-Adjusted Indicators

There is a big difference between Alpha Stock performing well and Alpha 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 Alpha'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
LAES	4.50	(0.45)	0.00	(0.09)	0.00	0.00	10.08	(8.80)	24.17
ADTN	2.05	0.29	0.14	0.21	1.93	(2.46)	5.01	(3.85)	10.81
ICHR	3.78	1.70	0.39	0.63	3.24	(4.39)	8.86	(7.69)	40.41
SKYT	4.49	0.49	0.11	0.17	5.14	(5.09)	10.54	(9.07)	29.53
IMOS	2.75	0.50	0.14	(1.22)	2.73	(2.98)	7.96	(4.30)	17.87
CRSR	3.21	(0.13)	0.00	(0.02)	0.00	0.00	6.19	(4.94)	66.37
INDI	3.05	(0.25)	0.00	(0.05)	0.00	0.00	8.52	(5.47)	19.28
YMT	5.95	(0.26)	0.00	0.58	0.00	0.00	15.63	(12.50)	39.13
WOLF	4.00	0.08	0.02	0.11	4.57	(4.54)	9.57	(7.16)	25.37
OPFI	1.70	(0.13)	0.00	(1.27)	0.00	0.00	3.89	(3.42)	11.92

Alpha Corporate Executives

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

Yifan Liang

CFO and Corporate Secretary

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