SemiLEDS Correlations

LEDS Stock

USD 1.45 0.04 2.68%

The current 90-days correlation between SemiLEDS and Sony Group Corp is 0.09 (i.e., Significant diversification). The correlation of SemiLEDS 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. If the correlation is 0, the equities are not correlated; they are entirely random.

SemiLEDS Correlation With Market

Very good diversification

The correlation between SemiLEDS and DJI is -0.45 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SemiLEDS and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SemiLEDS Stock

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

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

Moving together with SemiLEDS Stock

0.72

Nano Labs

Pair Corr

Moving against SemiLEDS Stock

0.61	DIOD	Diodes Incorporated	Pair Corr
0.6	ON	ON Semiconductor	Pair Corr
0.58	AIX2	AIXTRON SE	Pair Corr
0.58	KU1	Kulicke and Soffa	Pair Corr
0.52	ALKAL	Kalray SA	Pair Corr
0.47	MU	Micron Technology	Pair Corr
0.44	ASM	ASM International Earnings Call Today	Pair Corr
0.36	AMK	Amkor Technology	Pair Corr
0.67	TEY	Teradyne	Pair Corr
0.62	ENPH	Enphase Energy	Pair Corr
0.61	ANL	Analog Devices	Pair Corr
0.54	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.53	ENTG	Entegris	Pair Corr
0.42	CTNK	Centrotherm International	Pair Corr
0.41	ROM	ROHM Co	Pair Corr
0.38	WAF	Siltronic AG	Pair Corr
0.37	8KH	TOREX SEMICONDUCTOR LTD	Pair Corr
0.33	VNX	NXP Semiconductors	Pair Corr
0.61	ADI	Analog Devices	Pair Corr
0.58	ASX	ASE Industrial Holding	Pair Corr
0.54	ENQ	Entegris	Pair Corr
0.53	AIXA	AIXTRON SE	Pair Corr
0.53	6UX	ML SYSTEM SA	Pair Corr
0.51	IN9	INTEST P DL	Pair Corr

Related Correlations Analysis

	UBER	ANET	INTU	SONY
UBER		-0.42	0.82	0.75	UBER
ANET	-0.42		-0.46	-0.55	ANET
INTU	0.82	-0.46		0.82	INTU
SONY	0.75	-0.55	0.82		SONY
	UBER	ANET	INTU	SONY

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

INTU	+ 0.82	UBER
SONY	+ 0.82	INTU
SONY	+ 0.75	UBER

High negative correlations

SONY	- 0.55	ANET
INTU	- 0.46	ANET
ANET	- 0.42	UBER

Risk-Adjusted Indicators

There is a big difference between SemiLEDS Stock performing well and SemiLEDS 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 SemiLEDS'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
UBER	1.57	(0.17)	0.00	(0.27)	0.00	0.00	2.70	(3.82)	11.09
ANET	2.32	0.02	0.02	0.09	2.90	(2.31)	5.27	(4.33)	15.27
INTU	2.12	(0.71)	0.00	(0.60)	0.00	0.00	3.46	(5.52)	15.22
SONY	1.04	(0.41)	0.00	(0.63)	0.00	0.00	2.10	(2.41)	6.40

SemiLEDS Corporate Executives

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

HsinLiang Lee

CFO Secretary

Profile

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