Deswell Industries Correlations

DSWL Stock

USD 2.36 0.02 0.85%

The current 90-days correlation between Deswell Industries and Ieh Corp is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Deswell Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deswell Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Deswell Industries Correlation With Market

Average diversification

The correlation between Deswell Industries and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deswell Industries and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Deswell Stock please use our How to buy in Deswell Stock guide.

Moving together with Deswell Stock

0.73	DM	Desktop Metal	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.62	LPL	LG Display Earnings Call This Week	Pair Corr

Moving against Deswell Stock

0.79	AMPGW	AmpliTech Group	Pair Corr
0.66	SATLW	Satellogic Warrant	Pair Corr
0.51	KN	Knowles Cor	Pair Corr
0.47	VRME	VerifyMe Trending	Pair Corr
0.42	UI	Ubiquiti Networks Tech Boost	Pair Corr
0.36	VIAV	Viavi Solutions	Pair Corr
0.33	EMKR	EMCORE	Pair Corr
0.76	FEIM	Frequency Electronics	Pair Corr
0.64	CLS	Celestica	Pair Corr
0.59	FKWL	Franklin Wireless Corp	Pair Corr
0.51	FFIV	F5 Networks	Pair Corr
0.48	EXTR	Extreme Networks	Pair Corr
0.38	FLEX	Flex	Pair Corr
0.38	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.73	JBL	Jabil Circuit	Pair Corr
0.73	MOB	Mobilicom Limited	Pair Corr
0.7	OSS	One Stop Systems Trending	Pair Corr
0.62	OCC	Optical Cable	Pair Corr
0.54	SNT	Senstar Technologies	Pair Corr
0.52	LGL	LGL Group	Pair Corr

Related Correlations Analysis

	IEHC	LGL	MPAD	SGMA	DAKT	MPTI	INRD	AMOT	TTMI	LINK
IEHC		0.14	0.24	-0.53	0.13	-0.41	-0.26	0.27	0.11	0.43	IEHC
LGL	0.14		0.34	-0.47	0.18	-0.15	-0.15	0.35	0.31	0.37	LGL
MPAD	0.24	0.34		-0.73	0.78	0.42	-0.61	0.74	0.77	0.7	MPAD
SGMA	-0.53	-0.47	-0.73		-0.65	0.2	0.35	-0.8	-0.6	-0.73	SGMA
DAKT	0.13	0.18	0.78	-0.65		0.45	-0.37	0.83	0.78	0.66	DAKT
MPTI	-0.41	-0.15	0.42	0.2	0.45		-0.32	0.18	0.39	0.03	MPTI
INRD	-0.26	-0.15	-0.61	0.35	-0.37	-0.32		-0.32	-0.63	-0.64	INRD
AMOT	0.27	0.35	0.74	-0.8	0.83	0.18	-0.32		0.65	0.64	AMOT
TTMI	0.11	0.31	0.77	-0.6	0.78	0.39	-0.63	0.65		0.78	TTMI
LINK	0.43	0.37	0.7	-0.73	0.66	0.03	-0.64	0.64	0.78		LINK
	IEHC	LGL	MPAD	SGMA	DAKT	MPTI	INRD	AMOT	TTMI	LINK

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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

AMOT	+ 0.83	DAKT
DAKT	+ 0.78	MPAD
TTMI	+ 0.78	DAKT
LINK	+ 0.78	TTMI
TTMI	+ 0.77	MPAD
AMOT	+ 0.74	MPAD

High negative correlations

AMOT	- 0.8	SGMA
LINK	- 0.73	SGMA
SGMA	- 0.73	MPAD
DAKT	- 0.65	SGMA
LINK	- 0.64	INRD
TTMI	- 0.63	INRD

Risk-Adjusted Indicators

There is a big difference between Deswell Stock performing well and Deswell Industries 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 Deswell Industries' 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
IEHC	4.07	0.53	0.06	1.50	4.89	(7.99)	10.78	(9.73)	47.92
LGL	2.13	0.22	0.09	(0.37)	2.08	(2.66)	5.34	(4.04)	10.07
MPAD	1.41	0.69	0.55	9.39	0.00	(2.06)	4.48	(1.15)	25.86
SGMA	3.07	(0.73)	0.00	(0.27)	0.00	0.00	5.30	(8.48)	29.94
DAKT	2.03	0.34	0.13	1.35	2.34	(2.35)	3.83	(3.40)	24.54
MPTI	3.13	0.26	0.06	0.77	3.94	(3.22)	8.43	(5.80)	22.83
INRD	1.24	(0.40)	0.00	19.45	0.00	0.00	0.94	(0.94)	38.37
AMOT	1.53	0.14	0.06	2.88	2.13	(1.55)	3.59	(3.35)	9.59
TTMI	1.57	0.50	0.23	0.62	1.69	(1.71)	3.57	(2.80)	18.67
LINK	5.81	1.33	0.26	3.18	4.74	(8.44)	16.14	(8.55)	51.51

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