Penguin Solutions Correlations

PENG Stock

20.08 0.52 2.66%

The current 90-days correlation between Penguin Solutions and CTS Corporation is 0.25 (i.e., Modest diversification). The correlation of Penguin Solutions 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.

Penguin Solutions Correlation With Market

Very weak diversification

The correlation between Penguin Solutions and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Penguin Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Penguin Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penguin 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 employment.

For more detail on how to invest in Penguin Stock please use our How to Invest in Penguin Solutions guide.

Moving together with Penguin Stock

0.76	MX	MagnaChip Semiconductor	Pair Corr
0.66	GCTS	GCT Semiconductor Holding	Pair Corr
0.71	OLED	Universal Display	Pair Corr
0.74	UCTT	Ultra Clean Holdings	Pair Corr
0.85	JD	JD Inc Adr Sell-off Trend	Pair Corr
0.62	MSFT	Microsoft	Pair Corr

Moving against Penguin Stock

0.55	MU	Micron Technology Aggressive Push	Pair Corr
0.53	TSEM	Tower Semiconductor	Pair Corr
0.38	AMAT	Applied Materials	Pair Corr
0.33	VLKAF	Volkswagen AG	Pair Corr
0.32	WMT	Walmart Common Stock	Pair Corr
0.31	LRCX	Lam Research Corp	Pair Corr
0.31	AMKR	Amkor Technology	Pair Corr
0.78	KO	Coca Cola	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.59	DD	Dupont De Nemours	Pair Corr
0.58	XOM	Exxon Mobil Corp	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.48	MMM	3M Company	Pair Corr
0.46	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.46	FTV	Fortive Corp	Pair Corr
0.46	MCD	McDonalds	Pair Corr
0.43	TRV	The Travelers Companies	Pair Corr
0.42	AA	Alcoa Corp	Pair Corr
0.39	BAC	Bank of America	Pair Corr
0.31	VWAGY	Volkswagen AG 110	Pair Corr

Related Correlations Analysis

	CTS	DAKT	ALNT	HLIT	RPD	TIXT	FSLY	YALA	NTSK
CTS		-0.34	0.76	-0.08	-0.5	0.66	0.55	-0.33	-0.48	CTS
DAKT	-0.34		-0.27	0.65	0.65	-0.65	-0.6	0.4	0.57	DAKT
ALNT	0.76	-0.27		0.0	-0.31	0.65	0.33	-0.32	-0.23	ALNT
HLIT	-0.08	0.65	0.0		0.64	-0.4	-0.58	0.55	0.72	HLIT
RPD	-0.5	0.65	-0.31	0.64		-0.79	-0.83	0.5	0.69	RPD
TIXT	0.66	-0.65	0.65	-0.4	-0.79		0.71	-0.35	-0.52	TIXT
FSLY	0.55	-0.6	0.33	-0.58	-0.83	0.71		-0.42	-0.66	FSLY
YALA	-0.33	0.4	-0.32	0.55	0.5	-0.35	-0.42		0.58	YALA
NTSK	-0.48	0.57	-0.23	0.72	0.69	-0.52	-0.66	0.58		NTSK
	CTS	DAKT	ALNT	HLIT	RPD	TIXT	FSLY	YALA	NTSK

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

ALNT	+ 0.76	CTS
NTSK	+ 0.72	HLIT
FSLY	+ 0.71	TIXT
NTSK	+ 0.69	RPD
TIXT	+ 0.66	CTS
HLIT	+ 0.65	DAKT

High negative correlations

FSLY	- 0.83	RPD
TIXT	- 0.79	RPD
NTSK	- 0.66	FSLY
TIXT	- 0.65	DAKT
FSLY	- 0.6	DAKT
FSLY	- 0.58	HLIT

Risk-Adjusted Indicators

There is a big difference between Penguin Stock performing well and Penguin Solutions 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 Penguin Solutions' 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
CTS	1.61	0.10	0.05	0.12	2.15	(1.57)	3.72	(4.10)	10.06
DAKT	1.96	(0.12)	0.00	(0.03)	0.00	0.00	2.89	(2.95)	24.79
ALNT	2.50	0.27	0.11	0.18	2.60	(2.94)	6.38	(4.46)	15.33
HLIT	1.44	(0.09)	0.00	(0.01)	0.00	0.00	2.76	(3.80)	10.46
RPD	1.93	(0.37)	0.00	(0.33)	0.00	0.00	3.77	(4.06)	24.88
TIXT	1.07	0.22	0.13	(6.76)	0.92	(1.58)	2.41	(1.78)	17.91
FSLY	3.10	0.33	0.10	0.52	2.90	(4.16)	5.70	(4.97)	44.62
YALA	1.39	(0.16)	0.00	(0.13)	0.00	0.00	2.40	(3.20)	14.49
NTSK	3.39	(0.48)	0.00	(0.22)	0.00	0.00	6.76	(7.68)	19.60

Penguin Solutions Corporate Executives

Elected by the shareholders, the Penguin Solutions' board of directors comprises two types of representatives: Penguin Solutions inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Penguin. The board's role is to monitor Penguin Solutions' management team and ensure that shareholders' interests are well served. Penguin Solutions' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Penguin Solutions' outside directors are responsible for providing unbiased perspectives on the board's policies.

Nathan Olmstead	Senior CFO	Profile
Nate Olmstead	Senior CFO	Profile
Jack Pacheco	COO Memory	Profile

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