MaxLinear Correlations

MXL Stock

USD 17.62 0.01 0.06%

The current 90-days correlation between MaxLinear and Ultra Clean Holdings is 0.75 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MaxLinear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MaxLinear moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MaxLinear Correlation With Market

Very weak diversification

The correlation between MaxLinear and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MaxLinear and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MaxLinear Stock

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

For more information on how to buy MaxLinear Stock please use our How to buy in MaxLinear Stock guide.

Moving together with MaxLinear Stock

0.9	ON	ON Semiconductor	Pair Corr
0.64	688127	Zhejiang Lante Optics	Pair Corr
0.78	ADI	Analog Devices	Pair Corr

Moving against MaxLinear Stock

0.45	NA	Nano Labs	Pair Corr
0.33	605111	Wuxi Nce Power	Pair Corr
0.34	688536	3Peak Inc	Pair Corr
0.34	603160	Shenzhen Goodix Tech	Pair Corr

Related Correlations Analysis

	UCTT	PLAB	INDI	COHU	HIMX	LASR	FSLY	AMPL	AOSL	ALIT
UCTT		0.07	0.78	-0.08	0.86	0.01	-0.64	-0.13	0.82	0.73	UCTT
PLAB	0.07		-0.11	0.36	0.2	0.73	0.09	0.65	-0.22	-0.38	PLAB
INDI	0.78	-0.11		0.1	0.81	-0.1	-0.65	-0.41	0.76	0.57	INDI
COHU	-0.08	0.36	0.1		0.02	0.76	0.5	0.2	-0.4	-0.63	COHU
HIMX	0.86	0.2	0.81	0.02		0.06	-0.74	-0.08	0.8	0.6	HIMX
LASR	0.01	0.73	-0.1	0.76	0.06		0.47	0.59	-0.42	-0.61	LASR
FSLY	-0.64	0.09	-0.65	0.5	-0.74	0.47		0.34	-0.9	-0.81	FSLY
AMPL	-0.13	0.65	-0.41	0.2	-0.08	0.59	0.34		-0.36	-0.38	AMPL
AOSL	0.82	-0.22	0.76	-0.4	0.8	-0.42	-0.9	-0.36		0.91	AOSL
ALIT	0.73	-0.38	0.57	-0.63	0.6	-0.61	-0.81	-0.38	0.91		ALIT
	UCTT	PLAB	INDI	COHU	HIMX	LASR	FSLY	AMPL	AOSL	ALIT

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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

ALIT	+ 0.91	AOSL
HIMX	+ 0.86	UCTT
AOSL	+ 0.82	UCTT
HIMX	+ 0.81	INDI
AOSL	+ 0.8	HIMX
INDI	+ 0.78	UCTT

High negative correlations

AOSL	- 0.9	FSLY
ALIT	- 0.81	FSLY
FSLY	- 0.74	HIMX
FSLY	- 0.65	INDI
FSLY	- 0.64	UCTT
ALIT	- 0.63	COHU

Risk-Adjusted Indicators

There is a big difference between MaxLinear Stock performing well and MaxLinear 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 MaxLinear'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
UCTT	2.77	(0.27)	0.00	(0.01)	0.00	0.00	7.21	(6.33)	17.33
PLAB	3.24	0.33	0.16	0.15	3.16	(4.19)	5.85	(6.80)	53.86
INDI	3.93	(0.26)	(0.01)	0.01	4.42	(4.24)	12.78	(7.48)	27.58
COHU	2.19	0.09	0.06	0.12	2.57	(2.24)	5.03	(4.55)	13.08
HIMX	2.53	(0.21)	0.00	(0.01)	0.00	0.00	4.51	(4.72)	22.36
LASR	3.31	0.27	0.11	0.16	3.59	(3.55)	6.51	(5.62)	23.42
FSLY	3.16	0.35	0.11	0.55	2.93	(4.14)	5.70	(4.97)	44.62
AMPL	2.10	(0.06)	(0.01)	0.04	2.95	(2.10)	3.58	(4.95)	14.37
AOSL	3.05	(0.74)	0.00	(0.14)	0.00	0.00	4.89	(7.39)	42.18
ALIT	2.28	(0.75)	0.00	(0.48)	0.00	0.00	4.09	(5.56)	12.74

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