Lattice Semiconductor Correlations

LSCC Stock

USD 56.73 0.37 0.66%

The current 90-days correlation between Lattice Semiconductor and Qorvo Inc is 0.45 (i.e., Very weak diversification). The correlation of Lattice Semiconductor 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.

Lattice Semiconductor Correlation With Market

Average diversification

The correlation between Lattice Semiconductor and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lattice Semiconductor 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 Lattice Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Lattice Stock

0.62	TER	Teradyne Downward Rally	Pair Corr
0.81	MSFT	Microsoft Downward Rally	Pair Corr
0.73	AIBBU	AIB Acquisition Corp	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr

Moving against Lattice Stock

0.6	GNSS	Genasys	Pair Corr
0.56	INTC	Intel	Pair Corr
0.47	SVRE	SaverOne 2014	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.36	ACLS	Axcelis Technologies Earnings Call This Week	Pair Corr
0.76	RMGCU	RMG Acquisition Corp	Pair Corr
0.56	JNJ	Johnson Johnson	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr
0.31	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	QRVO	SITM	MCHP	SLAB	NXPI	ADI	ON	RMBS	AMKR	MPWR
QRVO		-0.2	0.24	0.3	0.37	0.58	-0.19	-0.23	0.54	0.68	QRVO
SITM	-0.2		-0.66	0.66	-0.58	-0.18	-0.44	0.76	-0.12	-0.5	SITM
MCHP	0.24	-0.66		-0.7	0.95	0.66	0.77	-0.6	0.49	0.71	MCHP
SLAB	0.3	0.66	-0.7		-0.57	-0.02	-0.72	0.55	-0.07	-0.15	SLAB
NXPI	0.37	-0.58	0.95	-0.57		0.75	0.72	-0.51	0.57	0.74	NXPI
ADI	0.58	-0.18	0.66	-0.02	0.75		0.37	-0.23	0.7	0.8	ADI
ON	-0.19	-0.44	0.77	-0.72	0.72	0.37		-0.51	0.42	0.36	ON
RMBS	-0.23	0.76	-0.6	0.55	-0.51	-0.23	-0.51		-0.44	-0.59	RMBS
AMKR	0.54	-0.12	0.49	-0.07	0.57	0.7	0.42	-0.44		0.69	AMKR
MPWR	0.68	-0.5	0.71	-0.15	0.74	0.8	0.36	-0.59	0.69		MPWR
	QRVO	SITM	MCHP	SLAB	NXPI	ADI	ON	RMBS	AMKR	MPWR

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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

NXPI	+ 0.95	MCHP
MPWR	+ 0.8	ADI
ON	+ 0.77	MCHP
RMBS	+ 0.76	SITM
ADI	+ 0.75	NXPI
MPWR	+ 0.74	NXPI

High negative correlations

ON	- 0.72	SLAB
SLAB	- 0.7	MCHP
MCHP	- 0.66	SITM
RMBS	- 0.6	MCHP
MPWR	- 0.59	RMBS
NXPI	- 0.58	SITM

Risk-Adjusted Indicators

There is a big difference between Lattice Stock performing well and Lattice Semiconductor 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 Lattice Semiconductor'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
QRVO	1.91	(0.24)	0.00	(0.12)	0.00	0.00	3.37	(2.44)	28.57
SITM	3.12	0.21	0.03	0.69	5.60	(2.95)	6.98	(4.87)	43.91
MCHP	1.90	(0.47)	0.00	(0.54)	0.00	0.00	3.80	(5.34)	11.74
SLAB	2.28	0.30	0.08	1.98	2.57	(2.40)	5.45	(4.23)	15.52
NXPI	1.56	(0.15)	0.00	9.00	0.00	0.00	2.35	(3.99)	7.86
ADI	1.40	(0.13)	0.00	(0.27)	0.00	0.00	2.21	(3.05)	9.00
ON	2.06	(0.37)	0.00	(0.56)	0.00	0.00	3.57	(5.50)	11.47
RMBS	2.32	0.54	0.20	0.97	2.19	(2.75)	3.97	(3.82)	22.76
AMKR	1.68	(0.32)	0.00	(0.73)	0.00	0.00	3.20	(4.44)	11.63
MPWR	2.69	(0.49)	0.00	(0.91)	0.00	0.00	4.79	(6.62)	22.25

Lattice Semiconductor Corporate Management

Pravinchandra Desale	Senior Development	Profile
Mark Nelson	Senior Sales	Profile
Glenn ORourke	Senior Quality	Profile
Terese Kemble	Chief Resources	Profile

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