Diodes Incorporated Correlations

DIOD Stock

USD 78.00 16.30 26.42%

The current 90-days correlation between Diodes Incorporated and Power Integrations is 0.12 (i.e., Average diversification). The correlation of Diodes Incorporated 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.

Diodes Incorporated Correlation With Market

Very poor diversification

The correlation between Diodes Incorporated and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diodes Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Diodes Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Diodes Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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

Moving together with Diodes Stock

0.91	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.81	INTC	Intel	Pair Corr
0.86	AMKR	Amkor Technology Trending	Pair Corr
0.65	NFG	National Fuel Gas	Pair Corr
0.77	BNKHF	BOC Hong Kong	Pair Corr
0.79	SECVY	Seche Environnement	Pair Corr
0.74	RILYL	B Riley Financial	Pair Corr
0.88	OBYCF	Obayashi	Pair Corr

Moving against Diodes Stock

0.73	MOBX	Mobix Labs	Pair Corr
0.35	NVNIW	Nvni Group Limited	Pair Corr
0.34	MRVL	Marvell Technology Aggressive Push	Pair Corr

Related Correlations Analysis

	POWI	ACLS	ACMR	VSH	NVTS	SYNA	DQ	SPNS	AAOI	ALRM
POWI		0.57	0.93	0.97	0.5	0.86	-0.81	0.71	0.82	-0.54	POWI
ACLS	0.57		0.58	0.59	0.85	0.78	-0.39	0.08	0.48	0.11	ACLS
ACMR	0.93	0.58		0.94	0.47	0.88	-0.85	0.71	0.88	-0.48	ACMR
VSH	0.97	0.59	0.94		0.49	0.89	-0.79	0.74	0.86	-0.5	VSH
NVTS	0.5	0.85	0.47	0.49		0.64	-0.4	0.03	0.31	-0.01	NVTS
SYNA	0.86	0.78	0.88	0.89	0.64		-0.72	0.47	0.81	-0.19	SYNA
DQ	-0.81	-0.39	-0.85	-0.79	-0.4	-0.72		-0.61	-0.65	0.56	DQ
SPNS	0.71	0.08	0.71	0.74	0.03	0.47	-0.61		0.64	-0.7	SPNS
AAOI	0.82	0.48	0.88	0.86	0.31	0.81	-0.65	0.64		-0.33	AAOI
ALRM	-0.54	0.11	-0.48	-0.5	-0.01	-0.19	0.56	-0.7	-0.33		ALRM
	POWI	ACLS	ACMR	VSH	NVTS	SYNA	DQ	SPNS	AAOI	ALRM

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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

VSH	+ 0.97	POWI
VSH	+ 0.94	ACMR
ACMR	+ 0.93	POWI
SYNA	+ 0.89	VSH
SYNA	+ 0.88	ACMR
AAOI	+ 0.88	ACMR

High negative correlations

DQ	- 0.85	ACMR
DQ	- 0.81	POWI
DQ	- 0.79	VSH
DQ	- 0.72	SYNA
ALRM	- 0.7	SPNS
AAOI	- 0.65	DQ

Risk-Adjusted Indicators

There is a big difference between Diodes Stock performing well and Diodes Incorporated 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 Diodes Incorporated'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
POWI	1.83	0.23	0.06	1.22	2.31	(1.92)	4.95	(3.33)	10.65
ACLS	2.47	(0.01)	0.04	0.09	2.70	(2.69)	5.63	(4.79)	12.52
ACMR	3.11	1.08	0.38	0.49	2.32	(3.58)	8.19	(3.84)	21.49
VSH	2.22	0.36	0.19	0.29	1.83	(2.53)	6.56	(3.85)	11.64
NVTS	5.20	(0.17)	0.02	0.05	5.70	(5.75)	15.68	(9.39)	32.37
SYNA	2.41	0.26	0.15	0.21	2.22	(2.86)	7.07	(3.88)	15.42
DQ	2.67	(0.23)	0.00	(0.45)	0.00	0.00	6.54	(6.41)	20.89
SPNS	955.18	490.69	3,943	(7.88)	0.00	(1,143)	0.28	(0.12)	32,006
AAOI	5.91	0.86	0.14	0.47	6.35	(6.59)	15.14	(12.51)	38.33
ALRM	1.22	(0.10)	0.00	(0.02)	0.00	0.00	3.86	(2.86)	11.77

Diodes Incorporated Corporate Executives

Elected by the shareholders, the Diodes Incorporated's board of directors comprises two types of representatives: Diodes Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Diodes. The board's role is to monitor Diodes Incorporated's management team and ensure that shareholders' interests are well served. Diodes Incorporated'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, Diodes Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.

Richard White

CFO and Secretary

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