Monolithic Power Correlations

MPWR Stock

USD 1,190 14.04 1.17%

The current 90-days correlation between Monolithic Power Systems and Sunrun Inc is 0.15 (i.e., Average diversification). The correlation of Monolithic Power 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.

Monolithic Power Correlation With Market

Poor diversification

The correlation between Monolithic Power Systems and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monolithic Power Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Monolithic Stock

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

Moving together with Monolithic Stock

0.9	DIOD	Diodes Incorporated	Pair Corr
0.76	AIX2	AIXTRON SE	Pair Corr
0.9	MU	Micron Technology Aggressive Push	Pair Corr
0.67	MX	MagnaChip Semiconductor	Pair Corr
0.87	ON	ON Semiconductor	Pair Corr
0.67	AMK	Amkor Technology	Pair Corr
0.84	ASM	ASM International	Pair Corr
0.89	ALKAL	Kalray SA	Pair Corr
0.72	TWA	TOWA	Pair Corr
0.9	KU1	Kulicke and Soffa	Pair Corr
0.93	TEY	Teradyne	Pair Corr
0.74	INL	Intel	Pair Corr
0.73	CTNK	Centrotherm International	Pair Corr
0.9	ENPH	Enphase Energy Tech Boost	Pair Corr
0.89	ANL	Analog Devices	Pair Corr
0.94	ENTG	Entegris	Pair Corr
0.86	ROM	ROHM Co	Pair Corr
0.88	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.88	ASME	ASML Holding NV	Pair Corr
0.78	AIXA	AIXTRON SE Earnings Call This Week	Pair Corr
0.87	ASMF	ASML HOLDING NY	Pair Corr
0.79	BSI	BE Semiconductor Ind	Pair Corr
0.8	UMCB	United Microelectronics	Pair Corr

Moving against Monolithic Stock

0.78	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.7	L5A	Canadian Solar	Pair Corr
0.59	PI	Impinj Inc	Pair Corr
0.47	NA	Nano Labs	Pair Corr
0.65	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.55	2DG	SIVERS SEMICONDUCTORS Earnings Call This Week	Pair Corr
0.51	4DS	4DS Memory	Pair Corr
0.38	XFB	X Fab Silicon	Pair Corr
0.34	WOLF	Wolfspeed Aggressive Push	Pair Corr

Related Correlations Analysis

	RUN	CVI	MUR	VVV	CRC	VAL	MGY	PBF	RIG
RUN		-0.34	0.1	0.44	0.42	0.34	0.49	0.14	0.45	RUN
CVI	-0.34		-0.23	-0.48	-0.44	-0.3	-0.41	0.27	-0.53	CVI
MUR	0.1	-0.23		0.37	0.33	0.5	0.3	-0.02	0.43	MUR
VVV	0.44	-0.48	0.37		0.94	0.89	0.92	0.48	0.94	VVV
CRC	0.42	-0.44	0.33	0.94		0.87	0.97	0.53	0.95	CRC
VAL	0.34	-0.3	0.5	0.89	0.87		0.83	0.43	0.93	VAL
MGY	0.49	-0.41	0.3	0.92	0.97	0.83		0.55	0.92	MGY
PBF	0.14	0.27	-0.02	0.48	0.53	0.43	0.55		0.39	PBF
RIG	0.45	-0.53	0.43	0.94	0.95	0.93	0.92	0.39		RIG
	RUN	CVI	MUR	VVV	CRC	VAL	MGY	PBF	RIG

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

MGY	+ 0.97	CRC
RIG	+ 0.95	CRC
CRC	+ 0.94	VVV
RIG	+ 0.94	VVV
RIG	+ 0.93	VAL
MGY	+ 0.92	VVV

High negative correlations

RIG	- 0.53	CVI
VVV	- 0.48	CVI
CRC	- 0.44	CVI
MGY	- 0.41	CVI
CVI	- 0.34	RUN
VAL	- 0.3	CVI

Risk-Adjusted Indicators

There is a big difference between Monolithic Stock performing well and Monolithic Power 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 Monolithic Power'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
RUN	3.57	0.03	0.03	0.08	4.35	(3.69)	6.13	(7.71)	20.73
CVI	2.09	(0.91)	0.00	(0.99)	0.00	0.00	3.78	(4.46)	19.04
MUR	2.29	0.13	0.05	0.17	2.79	(2.60)	4.82	(4.00)	19.82
VVV	1.59	0.24	0.15	0.28	1.41	(1.80)	3.83	(2.86)	10.00
CRC	1.60	0.27	0.12	0.48	1.68	(1.73)	3.61	(3.17)	8.47
VAL	2.80	0.80	0.26	0.62	2.42	(3.27)	7.22	(6.28)	41.60
MGY	1.48	0.23	0.11	0.59	1.57	(1.58)	3.08	(2.92)	8.43
PBF	2.65	(0.17)	0.00	(0.29)	0.00	0.00	5.20	(5.87)	19.72
RIG	2.36	0.69	0.20	0.57	2.64	(2.57)	7.67	(5.88)	16.41

Monolithic Power Corporate Management

Saria Tseng	VP of Strategic Corporate Devel., General Counsel and Corporate Secretary	Profile
Arthur Lee	Finance Manager	Profile
Tony Balow	Vice Finance	Profile
Robert II	Corporate Controller	Profile

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