Alpha Correlations

AOSL Stock

USD 21.35 0.69 3.34%

The current 90-days correlation between Alpha and Omega and SEALSQ Corp is 0.46 (i.e., Very 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

Very weak diversification

The correlation between Alpha and Omega and DJI is 0.48 (i.e., Very weak 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 real.

Moving together with Alpha Stock

0.83	MX	MagnaChip Semiconductor	Pair Corr
0.64	GCTS	GCT Semiconductor Holding	Pair Corr
0.79	INDI	indie Semiconductor	Pair Corr
0.78	NVTS	Navitas Semiconductor Aggressive Push	Pair Corr
0.96	OLED	Universal Display	Pair Corr
0.81	UCTT	Ultra Clean Holdings Tech Boost	Pair Corr
0.84	JD	JD Inc Adr	Pair Corr
0.78	MSFT	Microsoft Sell-off Trend	Pair Corr

Moving against Alpha Stock

0.77	TSEM	Tower Semiconductor	Pair Corr
0.68	VLKAF	Volkswagen AG	Pair Corr
0.61	MU	Micron Technology Aggressive Push	Pair Corr
0.5	AMAT	Applied Materials	Pair Corr
0.48	AMKR	Amkor Technology Buyout Trend	Pair Corr
0.46	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.42	ACN	Accenture plc	Pair Corr
0.38	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.34	AMZN	Amazon Inc	Pair Corr
0.31	SAR	Saratoga Investment Corp Earnings Call Tomorrow	Pair Corr
0.86	DD	Dupont De Nemours	Pair Corr
0.84	TRV	The Travelers Companies	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.75	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.72	FTV	Fortive Corp	Pair Corr
0.7	KO	Coca Cola	Pair Corr
0.69	JNJ	Johnson Johnson	Pair Corr
0.67	VWAGY	Volkswagen AG 110	Pair Corr
0.62	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.6	CAT	Caterpillar	Pair Corr
0.55	VLKPF	Volkswagen AG VZO	Pair Corr
0.54	BAC	Bank of America	Pair Corr
0.51	MMM	3M Company	Pair Corr
0.46	AA	Alcoa Corp	Pair Corr
0.44	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.41	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	LAES	ADTN	ICHR	SKYT	IMOS	CRSR	INDI	YMT	WOLF	OPFI
LAES		0.53	0.57	0.05	-0.73	0.72	0.84	0.43	0.7	-0.32	LAES
ADTN	0.53		0.81	0.1	-0.55	0.77	0.69	0.69	0.59	0.26	ADTN
ICHR	0.57	0.81		0.13	-0.54	0.8	0.68	0.62	0.75	0.2	ICHR
SKYT	0.05	0.1	0.13		-0.01	0.05	-0.03	0.39	-0.01	0.37	SKYT
IMOS	-0.73	-0.55	-0.54	-0.01		-0.86	-0.7	-0.7	-0.78	0.25	IMOS
CRSR	0.72	0.77	0.8	0.05	-0.86		0.79	0.74	0.9	-0.05	CRSR
INDI	0.84	0.69	0.68	-0.03	-0.7	0.79		0.48	0.71	-0.18	INDI
YMT	0.43	0.69	0.62	0.39	-0.7	0.74	0.48		0.61	0.11	YMT
WOLF	0.7	0.59	0.75	-0.01	-0.78	0.9	0.71	0.61		-0.21	WOLF
OPFI	-0.32	0.26	0.2	0.37	0.25	-0.05	-0.18	0.11	-0.21		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

WOLF	+ 0.9	CRSR
INDI	+ 0.84	LAES
ICHR	+ 0.81	ADTN
CRSR	+ 0.8	ICHR
INDI	+ 0.79	CRSR
CRSR	+ 0.77	ADTN

High negative correlations

CRSR	- 0.86	IMOS
WOLF	- 0.78	IMOS
IMOS	- 0.73	LAES
YMT	- 0.7	IMOS
INDI	- 0.7	IMOS
IMOS	- 0.55	ADTN

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	7.05	0.19	0.06	0.12	7.00	(8.30)	13.31	(11.48)	54.77
ADTN	2.35	(0.03)	0.00	0.35	0.00	0.00	4.76	(4.26)	30.13
ICHR	3.69	(0.04)	0.03	0.06	7.13	(3.47)	6.17	(7.81)	45.47
SKYT	5.77	0.40	0.10	0.16	6.34	(6.48)	12.17	(10.23)	48.91
IMOS	2.75	0.71	0.23	1.95	2.34	(3.20)	8.27	(3.79)	23.93
CRSR	2.68	(0.64)	0.00	(0.24)	0.00	0.00	5.61	(7.03)	21.94
INDI	3.96	(0.04)	0.00	(0.05)	0.00	0.00	12.78	(7.48)	27.58
YMT	4.58	0.06	0.00	(11.58)	5.40	(4.95)	12.06	(8.33)	27.70
WOLF	4.12	(0.44)	0.00	(0.22)	0.00	0.00	9.97	(7.90)	34.89
OPFI	2.37	(0.21)	0.00	(0.03)	0.00	0.00	5.18	(4.27)	12.61

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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