MagnaChip Semiconductor Correlations
| MX Stock | USD 3.08 0.05 1.65% |
The current 90-days correlation between MagnaChip Semiconductor and Amtech Systems is -0.07 (i.e., Good diversification). The correlation of MagnaChip Semiconductor 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.
MagnaChip Semiconductor Correlation With Market
Poor diversification
The correlation between MagnaChip Semiconductor and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MagnaChip Semiconductor and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with MagnaChip Stock
| 0.77 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.79 | INTC | Intel | PairCorr |
| 0.9 | AMKR | Amkor Technology Trending | PairCorr |
| 0.83 | BNKHF | BOC Hong Kong | PairCorr |
| 0.66 | SECVY | Seche Environnement | PairCorr |
| 0.74 | OBYCF | Obayashi | PairCorr |
Moving against MagnaChip Stock
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MagnaChip Stock performing well and MagnaChip Semiconductor 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 MagnaChip Semiconductor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASYS | 3.58 | 1.13 | 0.14 | (1.91) | 6.01 | 8.14 | 47.60 | |||
| INTT | 2.99 | 0.27 | 0.08 | 0.24 | 4.12 | 6.40 | 16.21 | |||
| NA | 3.62 | (0.37) | 0.00 | (0.29) | 0.00 | 7.45 | 38.30 | |||
| ATOM | 4.39 | (0.20) | 0.00 | (0.04) | 0.00 | 9.55 | 31.96 | |||
| MOBX | 6.64 | (1.47) | 0.00 | (0.55) | 0.00 | 12.50 | 61.62 | |||
| QUIK | 3.17 | (0.14) | (0.02) | 0.00 | 3.96 | 7.64 | 18.10 | |||
| MYPS | 3.49 | (0.82) | 0.00 | (0.41) | 0.00 | 5.26 | 22.45 | |||
| RDZN | 3.50 | 0.04 | 0.02 | 0.11 | 3.59 | 12.04 | 25.48 | |||
| GNSS | 2.02 | (0.07) | 0.00 | 0.14 | 0.00 | 4.06 | 16.48 | |||
| GCTS | 3.15 | 0.00 | (0.02) | (0.03) | 3.85 | 6.62 | 35.21 |
MagnaChip Semiconductor Corporate Executives
Elected by the shareholders, the MagnaChip Semiconductor's board of directors comprises two types of representatives: MagnaChip Semiconductor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MagnaChip. The board's role is to monitor MagnaChip Semiconductor's management team and ensure that shareholders' interests are well served. MagnaChip Semiconductor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MagnaChip Semiconductor's outside directors are responsible for providing unbiased perspectives on the board's policies.