SemiLEDS Correlations

LEDS Stock

USD 1.35 0.05 3.85%

The current 90-days correlation between SemiLEDS and Eshallgo Class A is -0.09 (i.e., Good 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

Average diversification

The correlation between SemiLEDS and DJI is 0.13 (i.e., Average 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.

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 unemployment.

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

Moving against SemiLEDS Stock

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0.32	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.32	CSCO	Cisco Systems	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.43	PBCRY	Bank Central Asia	Pair Corr
0.36	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.35	SSNLF	Samsung Electronics	Pair Corr
0.32	T	ATT Inc Aggressive Push	Pair Corr
0.31	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	EHGO	ASYS	GFI	AGZNF	LPG	MRK	CNK	MDGL	AE
EHGO		-0.55	-0.08	-0.83	-0.86	-0.84	0.91	0.85	0.78	EHGO
ASYS	-0.55		-0.49	0.51	0.76	0.76	-0.55	-0.31	-0.57	ASYS
GFI	-0.08	-0.49		0.2	-0.28	-0.29	-0.07	-0.27	0.0	GFI
AGZNF	-0.83	0.51	0.2		0.75	0.74	-0.87	-0.75	-0.81	AGZNF
LPG	-0.86	0.76	-0.28	0.75		0.91	-0.85	-0.62	-0.77	LPG
MRK	-0.84	0.76	-0.29	0.74	0.91		-0.81	-0.6	-0.82	MRK
CNK	0.91	-0.55	-0.07	-0.87	-0.85	-0.81		0.77	0.77	CNK
MDGL	0.85	-0.31	-0.27	-0.75	-0.62	-0.6	0.77		0.51	MDGL
AE	0.78	-0.57	0.0	-0.81	-0.77	-0.82	0.77	0.51		AE
	EHGO	ASYS	GFI	AGZNF	LPG	MRK	CNK	MDGL	AE

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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

CNK	+ 0.91	EHGO
MRK	+ 0.91	LPG
MDGL	+ 0.85	EHGO
AE	+ 0.78	EHGO
MDGL	+ 0.77	CNK
AE	+ 0.77	CNK

High negative correlations

CNK	- 0.87	AGZNF
LPG	- 0.86	EHGO
CNK	- 0.85	LPG
MRK	- 0.84	EHGO
AGZNF	- 0.83	EHGO
AE	- 0.82	MRK

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
EHGO	4.56	1.28	0.19	(6.15)	4.97	(5.75)	14.29	(8.22)	46.99
ASYS	1.91	(0.06)	0.00	0.19	0.00	0.00	3.76	(4.33)	10.29
GFI	2.19	(0.09)	0.00	1.03	0.00	0.00	4.52	(5.41)	14.93
AGZNF	0.43	(0.14)	0.00	0.24	0.00	0.00	0.00	0.00	10.55
LPG	1.69	(0.63)	0.00	(0.49)	0.00	0.00	2.97	(4.58)	9.93
MRK	0.85	(0.24)	0.00	(1.03)	0.00	0.00	1.73	(2.13)	4.89
CNK	1.33	0.19	0.10	0.39	1.24	(1.54)	3.60	(2.45)	7.52
MDGL	2.62	0.43	0.15	1.40	2.17	(3.53)	4.92	(3.96)	30.27
AE	2.14	0.91	0.54	(1.67)	0.72	(3.02)	4.83	(2.27)	35.75

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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