MACOM Technology Correlations

MTSI Stock

USD 248.15 2.62 1.07%

The current 90-days correlation between MACOM Technology Sol and Skyworks Solutions is 0.07 (i.e., Significant 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

Poor diversification

The correlation between MACOM Technology Solutions and DJI is 0.75 (i.e., Poor 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 main economic indicators.

Moving together with MACOM Stock

0.9	DIOD	Diodes Incorporated	Pair Corr
0.77	AIX2	AIXTRON SE	Pair Corr
0.89	MU	Micron Technology Aggressive Push	Pair Corr
0.63	MX	MagnaChip Semiconductor	Pair Corr
0.88	ON	ON Semiconductor	Pair Corr
0.69	AMK	Amkor Technology	Pair Corr
0.89	ASM	ASM International Earnings Call This Week	Pair Corr
0.92	ALKAL	Kalray SA	Pair Corr
0.8	TWA	TOWA	Pair Corr
0.92	KU1	Kulicke and Soffa	Pair Corr
0.61	8KH	TOREX SEMICONDUCTOR LTD	Pair Corr
0.9	TEY	Teradyne	Pair Corr
0.78	INL	Intel	Pair Corr
0.73	CTNK	Centrotherm International	Pair Corr
0.86	ENPH	Enphase Energy	Pair Corr
0.9	ANL	Analog Devices	Pair Corr
0.95	ENTG	Entegris Sell-off Trend	Pair Corr
0.66	WAF	Siltronic AG	Pair Corr
0.88	ROM	ROHM Co	Pair Corr
0.91	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.91	ASME	ASML Holding NV	Pair Corr
0.81	AIXA	AIXTRON SE Earnings Call This Week	Pair Corr
0.9	ASMF	ASML HOLDING NY	Pair Corr
0.86	BSI	BE Semiconductor Ind	Pair Corr
0.86	UMCB	United Microelectronics	Pair Corr

Moving against MACOM Stock

0.81	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.71	L5A	Canadian Solar	Pair Corr
0.59	PI	Impinj Inc	Pair Corr
0.42	NA	Nano Labs	Pair Corr
0.67	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.56	2DG	SIVERS SEMICONDUCTORS Earnings Call This Week	Pair Corr
0.43	4DS	4DS Memory	Pair Corr
0.32	XFB	X Fab Silicon	Pair Corr

Related Correlations Analysis

	SWKS	RMBS	NVMI	TSEM	AMKR	LSCC	PCOR	DAY	QBTS	QRVO
SWKS		-0.42	-0.7	-0.39	-0.39	-0.38	0.59	-0.44	0.24	0.96	SWKS
RMBS	-0.42		0.74	0.7	0.62	0.44	-0.41	0.47	-0.03	-0.31	RMBS
NVMI	-0.7	0.74		0.85	0.84	0.83	-0.77	0.74	-0.23	-0.53	NVMI
TSEM	-0.39	0.7	0.85		0.86	0.76	-0.6	0.76	-0.06	-0.18	TSEM
AMKR	-0.39	0.62	0.84	0.86		0.82	-0.45	0.74	0.13	-0.19	AMKR
LSCC	-0.38	0.44	0.83	0.76	0.82		-0.73	0.75	-0.25	-0.19	LSCC
PCOR	0.59	-0.41	-0.77	-0.6	-0.45	-0.73		-0.54	0.73	0.49	PCOR
DAY	-0.44	0.47	0.74	0.76	0.74	0.75	-0.54		-0.06	-0.26	DAY
QBTS	0.24	-0.03	-0.23	-0.06	0.13	-0.25	0.73	-0.06		0.27	QBTS
QRVO	0.96	-0.31	-0.53	-0.18	-0.19	-0.19	0.49	-0.26	0.27		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	+ 0.96	SWKS
AMKR	+ 0.86	TSEM
TSEM	+ 0.85	NVMI
AMKR	+ 0.84	NVMI
LSCC	+ 0.83	NVMI
LSCC	+ 0.82	AMKR

High negative correlations

PCOR	- 0.77	NVMI
PCOR	- 0.73	LSCC
NVMI	- 0.7	SWKS
PCOR	- 0.6	TSEM
DAY	- 0.54	PCOR
QRVO	- 0.53	NVMI

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	1.61	(0.13)	0.00	(0.04)	0.00	0.00	3.25	(4.48)	13.39
RMBS	3.15	(0.01)	0.02	0.06	4.38	(3.41)	7.54	(7.18)	27.80
NVMI	2.37	0.58	0.18	0.37	2.94	(2.51)	5.77	(5.95)	18.23
TSEM	2.66	0.43	0.12	0.56	3.28	(3.07)	5.57	(7.02)	16.66
AMKR	3.29	0.55	0.17	0.25	3.37	(3.70)	8.71	(6.31)	20.29
LSCC	2.37	0.63	0.30	0.44	1.73	(2.79)	6.02	(3.35)	21.94
PCOR	2.03	(0.65)	0.00	(0.42)	0.00	0.00	3.86	(6.65)	14.05
DAY	0.15	0.02	(0.25)	2.24	0.00	(0.19)	0.29	(0.25)	0.93
QBTS	5.34	(0.33)	0.00	(0.04)	0.00	0.00	13.23	(9.04)	34.44
QRVO	1.33	(0.05)	(0.02)	0.02	2.15	(1.41)	2.19	(3.27)	10.60

MACOM Technology Corporate Management

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

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