MACOM Technology Correlations

MTSI Stock

USD 226.71 1.85 0.81%

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 0.69 (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

0.69	DIOD	Diodes Incorporated Earnings Call This Week	Pair Corr
0.79	TSM	Taiwan Semiconductor	Pair Corr
0.87	KLIC	Kulicke and Soffa Earnings Call Tomorrow	Pair Corr
0.69	POWI	Power Integrations Earnings Call This Week	Pair Corr
0.73	ACLS	Axcelis Technologies	Pair Corr
0.76	ACMR	Acm Research Tech Boost	Pair Corr
0.88	ASML	ASML Holding NV	Pair Corr
0.8	SMTC	Semtech Sell-off Trend	Pair Corr
0.8	SYNA	Synaptics Incorporated Earnings Call This Week	Pair Corr
0.76	TCX	Tucows Inc	Pair Corr
0.77	AXIN	Axiom Intelligence	Pair Corr
0.87	NHYDY	Norsk Hydro ASA	Pair Corr
0.81	INTC	Intel Aggressive Push	Pair Corr
0.76	BA	Boeing	Pair Corr
0.89	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr
0.79	CVX	Chevron Corp	Pair Corr
0.72	MRK	Merck Company Earnings Call Today	Pair Corr

Moving against MACOM Stock

0.65	DQ	Daqo New Energy	Pair Corr
0.31	AVGO	Broadcom	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.34	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.32	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SWKS	RMBS	NVMI	TSEM	AMKR	LSCC	PCOR	DAY	QBTS	QRVO
SWKS		-0.11	-0.57	-0.71	-0.58	-0.5	0.61	-0.68	0.54	0.97	SWKS
RMBS	-0.11		0.73	0.3	0.42	0.42	-0.56	-0.12	0.18	-0.08	RMBS
NVMI	-0.57	0.73		0.66	0.8	0.82	-0.77	0.41	0.09	-0.47	NVMI
TSEM	-0.71	0.3	0.66		0.85	0.81	-0.47	0.82	-0.26	-0.53	TSEM
AMKR	-0.58	0.42	0.8	0.85		0.93	-0.44	0.72	0.06	-0.42	AMKR
LSCC	-0.5	0.42	0.82	0.81	0.93		-0.48	0.68	0.18	-0.31	LSCC
PCOR	0.61	-0.56	-0.77	-0.47	-0.44	-0.48		-0.25	0.31	0.58	PCOR
DAY	-0.68	-0.12	0.41	0.82	0.72	0.68	-0.25		-0.28	-0.52	DAY
QBTS	0.54	0.18	0.09	-0.26	0.06	0.18	0.31	-0.28		0.58	QBTS
QRVO	0.97	-0.08	-0.47	-0.53	-0.42	-0.31	0.58	-0.52	0.58		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	+ 0.97	SWKS
LSCC	+ 0.93	AMKR
AMKR	+ 0.85	TSEM
LSCC	+ 0.82	NVMI
DAY	+ 0.82	TSEM
LSCC	+ 0.81	TSEM

High negative correlations

PCOR	- 0.77	NVMI
TSEM	- 0.71	SWKS
DAY	- 0.68	SWKS
AMKR	- 0.58	SWKS
NVMI	- 0.57	SWKS
PCOR	- 0.56	RMBS

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	1.60	(0.56)	0.00	(0.30)	0.00	0.00	2.32	(5.16)	13.39
RMBS	3.12	0.12	0.04	0.11	4.03	(3.35)	7.54	(6.39)	21.96
NVMI	2.50	0.38	0.11	0.22	3.30	(2.48)	5.21	(5.89)	18.23
TSEM	2.67	0.78	0.27	0.45	2.64	(3.20)	5.57	(4.00)	24.44
AMKR	3.21	0.59	0.18	0.27	3.19	(3.60)	8.71	(6.31)	25.50
LSCC	2.18	0.17	0.07	0.14	2.76	(2.41)	5.21	(3.54)	16.01
PCOR	1.73	(0.43)	0.00	(0.43)	0.00	0.00	2.53	(4.01)	19.25
DAY	0.12	0.00	(0.28)	0.02	0.09	(0.15)	0.29	(0.25)	0.71
QBTS	5.32	(0.55)	0.00	(0.17)	0.00	0.00	11.47	(10.12)	29.56
QRVO	1.43	(0.36)	0.00	(0.19)	0.00	0.00	2.19	(3.94)	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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