Penguin Solutions Correlations

PENG Stock

19.37 0.66 3.53%

The current 90-days correlation between Penguin Solutions and CTS Corporation is 0.35 (i.e., Weak 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

Significant diversification

The correlation between Penguin Solutions and DJI is 0.08 (i.e., Significant 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 inflation.

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

0.64

WOLF

Wolfspeed Buyout Trend

Pair Corr

Moving against Penguin Stock

0.34	TWA	TOWA	Pair Corr
0.48	6UX	ML SYSTEM SA	Pair Corr

Related Correlations Analysis

	CTS	DAKT	ALNT	HLIT	RPD	TIXT	FSLY	YALA	VRNT	NTSK
CTS		0.96	0.94	0.38	-0.84	0.5	-0.15	0.0	-0.04	-0.85	CTS
DAKT	0.96		0.91	0.39	-0.87	0.48	-0.1	-0.03	0.01	-0.84	DAKT
ALNT	0.94	0.91		0.5	-0.73	0.59	-0.24	-0.03	-0.2	-0.79	ALNT
HLIT	0.38	0.39	0.5		-0.07	0.47	0.0	0.21	-0.25	-0.01	HLIT
RPD	-0.84	-0.87	-0.73	-0.07		-0.23	-0.06	0.07	-0.32	0.84	RPD
TIXT	0.5	0.48	0.59	0.47	-0.23		-0.44	-0.04	-0.5	-0.48	TIXT
FSLY	-0.15	-0.1	-0.24	0.0	-0.06	-0.44		0.27	0.74	0.2	FSLY
YALA	0.0	-0.03	-0.03	0.21	0.07	-0.04	0.27		-0.02	0.18	YALA
VRNT	-0.04	0.01	-0.2	-0.25	-0.32	-0.5	0.74	-0.02		0.0	VRNT
NTSK	-0.85	-0.84	-0.79	-0.01	0.84	-0.48	0.2	0.18	0.0		NTSK
	CTS	DAKT	ALNT	HLIT	RPD	TIXT	FSLY	YALA	VRNT	NTSK

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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

DAKT	+ 0.96	CTS
ALNT	+ 0.94	CTS
ALNT	+ 0.91	DAKT
NTSK	+ 0.84	RPD
VRNT	+ 0.74	FSLY
TIXT	+ 0.59	ALNT

High negative correlations

RPD	- 0.87	DAKT
NTSK	- 0.85	CTS
NTSK	- 0.84	DAKT
RPD	- 0.84	CTS
NTSK	- 0.79	ALNT
RPD	- 0.73	ALNT

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	1.39	0.43	0.27	0.38	1.15	(1.54)	3.37	(2.36)	7.56
DAKT	2.02	0.50	0.22	0.39	1.90	(2.39)	4.17	(2.85)	24.79
ALNT	1.97	0.29	0.14	0.24	2.09	(2.30)	5.29	(4.04)	11.43
HLIT	1.76	0.02	0.02	0.08	2.28	(1.78)	4.99	(3.80)	11.35
RPD	2.47	(0.99)	0.00	(0.65)	0.00	0.00	3.56	(6.12)	36.93
TIXT	1.07	0.18	0.12	0.35	0.92	(1.58)	2.41	(1.78)	17.91
FSLY	4.26	1.05	0.27	(0.84)	2.88	(6.07)	6.51	(5.51)	15.19
YALA	1.33	(0.14)	0.00	(0.17)	0.00	0.00	2.27	(2.00)	9.44
VRNT	0.12	0.01	(0.38)	(0.06)	0.06	(0.16)	0.20	(0.20)	0.79
NTSK	3.21	(0.96)	0.00	(0.71)	0.00	0.00	5.20	(7.68)	19.53

Penguin Solutions Corporate Management

Mark Seamans	Senior Marketing	Profile
Satya Iyer	Senior Memory	Profile
Srini Tanikella	Senior Officer	Profile
Anne JD	Senior Officer	Profile

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