POET Technologies Correlations

POET Stock

USD 4.04 0.11 2.80%

The current 90-days correlation between POET Technologies and Valens is 0.14 (i.e., Average diversification). The correlation of POET Technologies 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.

POET Technologies Correlation With Market

Average diversification

The correlation between POET Technologies and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding POET Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in POET Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy POET Stock please use our How to Invest in POET Technologies guide.

Moving together with POET Stock

0.72	FTCI	FTC Solar	Pair Corr
0.62	JKS	JinkoSolar Holding	Pair Corr
0.72	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.77	ENFN	Enfusion	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.64	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.67	XNET	Xunlei Ltd Adr	Pair Corr
0.64	WDC	Western Digital	Pair Corr

Moving against POET Stock

0.58	VCSA	Vacasa Inc	Pair Corr
0.41	MAXN	Maxeon Solar Technologies Downward Rally	Pair Corr
0.32	SEDG	SolarEdge Technologies	Pair Corr
0.31	ENPH	Enphase Energy	Pair Corr
0.75	FRGT	Freight Technologies	Pair Corr
0.31	VHC	VirnetX Holding Corp	Pair Corr

Related Correlations Analysis

	PXLW	VLN	CEVA	EMKR	QUIK	SLAB	MXL	POWI	DIOD
PXLW		-0.11	0.28	0.46	0.4	0.18	0.15	0.32	0.0	PXLW
VLN	-0.11		-0.3	-0.56	0.22	0.46	-0.22	0.08	0.36	VLN
CEVA	0.28	-0.3		0.73	-0.06	-0.27	0.46	0.24	-0.37	CEVA
EMKR	0.46	-0.56	0.73		-0.01	-0.24	0.37	0.23	-0.37	EMKR
QUIK	0.4	0.22	-0.06	-0.01		0.66	-0.21	0.72	0.78	QUIK
SLAB	0.18	0.46	-0.27	-0.24	0.66		-0.04	0.57	0.79	SLAB
MXL	0.15	-0.22	0.46	0.37	-0.21	-0.04		0.01	-0.34	MXL
POWI	0.32	0.08	0.24	0.23	0.72	0.57	0.01		0.65	POWI
DIOD	0.0	0.36	-0.37	-0.37	0.78	0.79	-0.34	0.65		DIOD
	PXLW	VLN	CEVA	EMKR	QUIK	SLAB	MXL	POWI	DIOD

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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

DIOD	+ 0.79	SLAB
DIOD	+ 0.78	QUIK
EMKR	+ 0.73	CEVA
POWI	+ 0.72	QUIK
SLAB	+ 0.66	QUIK
DIOD	+ 0.65	POWI

High negative correlations

EMKR	- 0.56	VLN
DIOD	- 0.37	EMKR
DIOD	- 0.37	CEVA
DIOD	- 0.34	MXL
CEVA	- 0.3	VLN
SLAB	- 0.27	CEVA

Risk-Adjusted Indicators

There is a big difference between POET Stock performing well and POET Technologies 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 POET Technologies' 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
PXLW	3.68	(0.13)	(0.02)	0.00	3.66	(5.80)	13.58	(6.67)	27.65
VLN	2.63	(0.13)	0.00	(0.30)	0.00	0.00	6.59	(5.41)	17.48
CEVA	2.03	0.16	0.09	0.21	1.95	(2.59)	3.48	(3.89)	20.17
EMKR	4.90	1.90	0.51	1.16	2.65	(6.61)	10.86	(6.12)	90.34
QUIK	2.73	(0.45)	0.00	(0.10)	0.00	0.00	5.42	(6.83)	16.02
SLAB	2.08	(0.30)	0.00	(0.02)	0.00	0.00	3.99	(4.19)	14.95
MXL	3.31	0.03	0.06	0.09	4.18	(3.66)	8.45	(6.75)	27.68
POWI	1.89	(0.22)	0.00	(0.03)	0.00	0.00	3.85	(3.33)	11.40
DIOD	2.25	(0.43)	0.00	(0.11)	0.00	0.00	3.96	(4.41)	15.29

POET Technologies Corporate Management

Robert Ditizio	Vice Property	Profile
William Ring	VP	Profile
Raju Kankipati	Senior USA	Profile
Yong Lee	VP Ltd	Profile
Ajit Manocha	Consltant	Profile

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