MACOM Technology Correlations

MTSI Stock

USD 170.69 4.27 2.44%

The current 90-days correlation between MACOM Technology Sol and Skyworks Solutions is 0.47 (i.e., Very weak diversification). The correlation of MACOM Technology 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.

MACOM Technology Correlation With Market

Very weak diversification

The correlation between MACOM Technology Solutions and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MACOM Technology Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MACOM Stock

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

Moving together with MACOM Stock

0.81	MU	Micron Technology Aggressive Push	Pair Corr
0.77	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.88	AMAT	Applied Materials	Pair Corr
0.86	AMKR	Amkor Technology Buyout Trend	Pair Corr
0.93	TSEM	Tower Semiconductor	Pair Corr
0.69	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.7	ACN	Accenture plc	Pair Corr
0.82	VLKAF	Volkswagen AG	Pair Corr
0.82	VWAGY	Volkswagen AG 110	Pair Corr
0.7	VLKPF	Volkswagen AG VZO	Pair Corr
0.78	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.86	FTV	Fortive Corp	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr

Moving against MACOM Stock

0.82	JD	JD Inc Adr	Pair Corr
0.79	OLED	Universal Display	Pair Corr
0.54	MX	MagnaChip Semiconductor	Pair Corr
0.54	GCTS	GCT Semiconductor Holding	Pair Corr
0.46	INDI	indie Semiconductor	Pair Corr
0.46	UCTT	Ultra Clean Holdings Tech Boost	Pair Corr
0.39	NVTS	Navitas Semiconductor Aggressive Push	Pair Corr
0.78	PG	Procter Gamble	Pair Corr
0.76	MSFT	Microsoft Sell-off Trend	Pair Corr
0.64	T	ATT Inc	Pair Corr
0.39	BA	Boeing	Pair Corr

Related Correlations Analysis

	SWKS	RMBS	NVMI	TSEM	AMKR	LSCC	PCOR	DAY	QBTS	QRVO
SWKS		0.65	0.6	-0.71	-0.42	0.11	-0.09	-0.62	0.7	0.93	SWKS
RMBS	0.65		0.64	-0.22	0.06	0.14	0.41	-0.32	0.39	0.68	RMBS
NVMI	0.6	0.64		-0.05	0.26	0.57	0.04	-0.18	0.54	0.76	NVMI
TSEM	-0.71	-0.22	-0.05		0.89	0.44	0.39	0.81	-0.59	-0.43	TSEM
AMKR	-0.42	0.06	0.26	0.89		0.59	0.44	0.64	-0.34	-0.13	AMKR
LSCC	0.11	0.14	0.57	0.44	0.59		0.07	0.41	0.15	0.34	LSCC
PCOR	-0.09	0.41	0.04	0.39	0.44	0.07		0.18	-0.17	0.04	PCOR
DAY	-0.62	-0.32	-0.18	0.81	0.64	0.41	0.18		-0.69	-0.42	DAY
QBTS	0.7	0.39	0.54	-0.59	-0.34	0.15	-0.17	-0.69		0.62	QBTS
QRVO	0.93	0.68	0.76	-0.43	-0.13	0.34	0.04	-0.42	0.62		QRVO
	SWKS	RMBS	NVMI	TSEM	AMKR	LSCC	PCOR	DAY	QBTS	QRVO

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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

QRVO	+ 0.93	SWKS
AMKR	+ 0.89	TSEM
DAY	+ 0.81	TSEM
QRVO	+ 0.76	NVMI
QBTS	+ 0.7	SWKS
QRVO	+ 0.68	RMBS

High negative correlations

TSEM	- 0.71	SWKS
QBTS	- 0.69	DAY
DAY	- 0.62	SWKS
QBTS	- 0.59	TSEM
QRVO	- 0.43	TSEM
QRVO	- 0.42	DAY

Risk-Adjusted Indicators

There is a big difference between MACOM Stock performing well and MACOM Technology 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 MACOM Technology'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
SWKS	1.65	(0.35)	0.00	(0.12)	0.00	0.00	3.49	(3.83)	12.04
RMBS	3.15	(0.15)	(0.01)	0.00	4.40	(3.07)	7.77	(8.71)	19.42
NVMI	2.54	0.03	0.03	0.07	3.51	(2.44)	5.55	(5.89)	13.99
TSEM	2.60	0.70	0.24	0.32	2.86	(3.00)	5.57	(4.49)	24.44
AMKR	3.07	0.55	0.17	0.24	3.17	(3.39)	7.80	(6.83)	25.50
LSCC	2.13	0.02	0.03	0.07	3.14	(2.21)	5.21	(4.22)	17.21
PCOR	1.68	(0.11)	0.00	(0.03)	0.00	0.00	3.15	(3.71)	14.37
DAY	0.12	(0.01)	(0.30)	(0.02)	0.14	(0.14)	0.29	(0.25)	0.69
QBTS	6.55	0.28	0.06	0.13	7.26	(6.87)	13.97	(10.71)	38.24
QRVO	1.59	(0.18)	0.00	(0.03)	0.00	0.00	2.92	(3.20)	12.20

MACOM Technology Corporate Management

Robert Dennehy	Sr. VP of Operations	Profile
Conor CMA	Vice Operations	Profile
Conor Hegarty	Principal Financial Officer and Principal Accounting Officer	Profile
Wayne Struble	Senior Technology	Profile
Stephen Ferranti	Vice Relations	Profile

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