SemiLEDS Correlations

LEDS Stock

USD 1.98 0.04 2.06%

The current 90-days correlation between SemiLEDS and Webus International Limited is 0.18 (i.e., Average 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

Modest diversification

The correlation between SemiLEDS and DJI is 0.27 (i.e., Modest 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 small area income & poverty estimates.

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

Moving together with SemiLEDS Stock

0.64	HPQ	HP Inc	Pair Corr
0.65	HD	Home Depot	Pair Corr

Moving against SemiLEDS Stock

0.88	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.81	MRK	Merck Company	Pair Corr
0.79	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.71	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.69	ACN	Accenture plc	Pair Corr
0.67	PFE	Pfizer Inc	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.56	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.54	BAC	Bank of America	Pair Corr
0.42	AXP	American Express	Pair Corr
0.35	F	Ford Motor	Pair Corr

Related Correlations Analysis

	WETO	ICG	NSYS	SELX	DAIO	TRT	EBON	PXLW	FOXX	ARBE
WETO		-0.25	0.8	0.5	0.11	-0.55	0.88	0.72	-0.01	0.91	WETO
ICG	-0.25		-0.45	-0.33	0.43	0.73	-0.5	0.16	0.45	-0.32	ICG
NSYS	0.8	-0.45		0.6	0.21	-0.48	0.91	0.39	-0.09	0.83	NSYS
SELX	0.5	-0.33	0.6		0.09	-0.2	0.54	0.32	-0.33	0.5	SELX
DAIO	0.11	0.43	0.21	0.09		0.57	0.0	0.15	0.44	0.01	DAIO
TRT	-0.55	0.73	-0.48	-0.2	0.57		-0.67	-0.16	0.21	-0.64	TRT
EBON	0.88	-0.5	0.91	0.54	0.0	-0.67		0.48	-0.08	0.94	EBON
PXLW	0.72	0.16	0.39	0.32	0.15	-0.16	0.48		0.11	0.62	PXLW
FOXX	-0.01	0.45	-0.09	-0.33	0.44	0.21	-0.08	0.11		0.01	FOXX
ARBE	0.91	-0.32	0.83	0.5	0.01	-0.64	0.94	0.62	0.01		ARBE
	WETO	ICG	NSYS	SELX	DAIO	TRT	EBON	PXLW	FOXX	ARBE

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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

ARBE	+ 0.94	EBON
ARBE	+ 0.91	WETO
EBON	+ 0.91	NSYS
EBON	+ 0.88	WETO
ARBE	+ 0.83	NSYS
NSYS	+ 0.8	WETO

High negative correlations

EBON	- 0.67	TRT
ARBE	- 0.64	TRT
TRT	- 0.55	WETO
EBON	- 0.5	ICG
TRT	- 0.48	NSYS
NSYS	- 0.45	ICG

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
WETO	3.34	(1.52)	0.00	(2.68)	0.00	0.00	5.43	(8.79)	20.86
ICG	5.14	0.53	0.05	(0.29)	5.19	(6.45)	10.56	(9.04)	42.50
NSYS	2.06	(0.31)	0.00	(0.12)	0.00	0.00	4.19	(4.09)	25.34
SELX	7.76	0.50	0.05	0.61	8.89	(10.46)	10.96	(17.50)	104.21
DAIO	2.32	(0.04)	0.00	0.08	2.38	(3.06)	5.66	(4.14)	13.24
TRT	3.44	1.03	0.26	2.90	2.80	(4.11)	10.13	(4.65)	26.05
EBON	3.03	(0.56)	0.00	(0.14)	0.00	0.00	5.43	(6.21)	13.84
PXLW	3.90	(0.95)	0.00	(0.21)	0.00	0.00	8.06	(5.45)	66.41
FOXX	8.94	0.49	0.07	0.27	9.12	(12.17)	23.93	(18.10)	101.37
ARBE	4.43	(1.03)	0.00	(0.20)	0.00	0.00	8.40	(8.16)	23.36

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

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