MACOM Technology Correlations

MTSI Stock

USD 127.56 2.28 1.82%

The current 90-days correlation between MACOM Technology Sol and Power Integrations is 0.54 (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.

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 state.

Moving together with MACOM Stock

0.88	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.87	S	SentinelOne	Pair Corr
0.84	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.67	ZS	Zscaler Earnings Call This Week	Pair Corr
0.69	EBON	Ebang International	Pair Corr
0.75	ENFN	Enfusion	Pair Corr
0.75	EVCM	EverCommerce	Pair Corr
0.85	ANY	Sphere 3D Corp	Pair Corr
0.93	CRM	Salesforce Earnings Call This Week	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.84	LIF	Life360, Common Stock	Pair Corr
0.86	NET	Cloudflare Buyout Trend	Pair Corr
0.72	XNET	Xunlei Ltd Adr	Pair Corr
0.87	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.67	RXT	Rackspace Technology	Pair Corr

Moving against MACOM Stock

0.84	ENPH	Enphase Energy	Pair Corr
0.71	SEDG	SolarEdge Technologies	Pair Corr
0.71	VRRM	Verra Mobility Corp	Pair Corr
0.68	ACLS	Axcelis Technologies	Pair Corr
0.64	FSLR	First Solar	Pair Corr
0.57	AMKR	Amkor Technology	Pair Corr
0.47	VCSA	Vacasa Inc	Pair Corr
0.43	OLED	Universal Display	Pair Corr
0.8	VHC	VirnetX Holding Corp	Pair Corr
0.65	FRGT	Freight Technologies	Pair Corr
0.6	CDW	CDW Corp	Pair Corr
0.44	ARW	Arrow Electronics	Pair Corr

Related Correlations Analysis

	POWI	DIOD	CRUS	AMKR	SLAB	FORM	SIMO	SMTC	SGH	AOSL
POWI		0.65	0.05	0.25	0.57	0.5	0.34	0.1	0.29	0.15	POWI
DIOD	0.65		0.7	0.77	0.79	0.86	0.78	-0.46	0.38	0.63	DIOD
CRUS	0.05	0.7		0.83	0.46	0.74	0.78	-0.74	0.49	0.75	CRUS
AMKR	0.25	0.77	0.83		0.76	0.9	0.81	-0.55	0.33	0.79	AMKR
SLAB	0.57	0.79	0.46	0.76		0.78	0.61	-0.14	0.0	0.64	SLAB
FORM	0.5	0.86	0.74	0.9	0.78		0.88	-0.51	0.42	0.73	FORM
SIMO	0.34	0.78	0.78	0.81	0.61	0.88		-0.68	0.53	0.71	SIMO
SMTC	0.1	-0.46	-0.74	-0.55	-0.14	-0.51	-0.68		-0.49	-0.5	SMTC
SGH	0.29	0.38	0.49	0.33	0.0	0.42	0.53	-0.49		0.13	SGH
AOSL	0.15	0.63	0.75	0.79	0.64	0.73	0.71	-0.5	0.13		AOSL
	POWI	DIOD	CRUS	AMKR	SLAB	FORM	SIMO	SMTC	SGH	AOSL

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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

FORM	+ 0.9	AMKR
SIMO	+ 0.88	FORM
FORM	+ 0.86	DIOD
AMKR	+ 0.83	CRUS
SIMO	+ 0.81	AMKR
SLAB	+ 0.79	DIOD

High negative correlations

SMTC	- 0.74	CRUS
SMTC	- 0.68	SIMO
SMTC	- 0.55	AMKR
SMTC	- 0.51	FORM
AOSL	- 0.5	SMTC
SGH	- 0.49	SMTC

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
POWI	1.89	(0.22)	0.00	(0.03)	0.00	0.00	3.85	(3.33)	11.40
DIOD	2.25	(0.43)	0.00	(0.11)	0.00	0.00	3.96	(4.41)	15.29
CRUS	1.79	(0.58)	0.00	(0.44)	0.00	0.00	2.25	(5.64)	11.43
AMKR	1.99	(0.53)	0.00	(0.15)	0.00	0.00	3.95	(4.84)	13.56
SLAB	2.08	(0.30)	0.00	(0.02)	0.00	0.00	3.99	(4.19)	14.95
FORM	2.43	(0.49)	0.00	(0.11)	0.00	0.00	4.53	(5.08)	19.85
SIMO	1.80	(0.35)	0.00	(0.27)	0.00	0.00	3.17	(4.40)	12.89
SMTC	2.85	0.39	0.13	0.37	2.95	(3.18)	6.02	(5.66)	19.03
SGH	2.40	(0.41)	0.00	0.42	0.00	0.00	4.26	(6.44)	13.97
AOSL	3.34	(0.30)	0.00	(0.08)	0.00	0.00	7.41	(5.90)	30.77

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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