Pixelworks Correlations

PXLW Stock

USD 0.78 0.01 1.30%

The current 90-days correlation between Pixelworks and Valens is 0.05 (i.e., Significant diversification). The correlation of Pixelworks 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.

Pixelworks Correlation With Market

Modest diversification

The correlation between Pixelworks and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pixelworks 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 Pixelworks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving against Pixelworks Stock

0.44	ICG	Intchains Group	Pair Corr
0.34	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.41	PPERF	Bank Mandiri Persero	Pair Corr
0.36	BKRKF	PT Bank Rakyat	Pair Corr
0.32	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.32	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.31	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	VLN	CEVA	EMKR	QUIK	SLAB	DIOD	MTSI	FORM	AMKR
VLN		-0.26	-0.52	0.17	0.46	0.31	-0.41	0.66	0.69	VLN
CEVA	-0.26		0.74	-0.09	-0.34	-0.37	0.87	-0.37	-0.56	CEVA
EMKR	-0.52	0.74		0.02	-0.29	-0.35	0.85	-0.45	-0.65	EMKR
QUIK	0.17	-0.09	0.02		0.69	0.77	0.08	0.72	0.56	QUIK
SLAB	0.46	-0.34	-0.29	0.69		0.81	-0.21	0.83	0.8	SLAB
DIOD	0.31	-0.37	-0.35	0.77	0.81		-0.26	0.85	0.75	DIOD
MTSI	-0.41	0.87	0.85	0.08	-0.21	-0.26		-0.37	-0.59	MTSI
FORM	0.66	-0.37	-0.45	0.72	0.83	0.85	-0.37		0.9	FORM
AMKR	0.69	-0.56	-0.65	0.56	0.8	0.75	-0.59	0.9		AMKR
	VLN	CEVA	EMKR	QUIK	SLAB	DIOD	MTSI	FORM	AMKR

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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

AMKR	+ 0.9	FORM
MTSI	+ 0.87	CEVA
MTSI	+ 0.85	EMKR
FORM	+ 0.85	DIOD
FORM	+ 0.83	SLAB
DIOD	+ 0.81	SLAB

High negative correlations

AMKR	- 0.65	EMKR
AMKR	- 0.59	MTSI
AMKR	- 0.56	CEVA
EMKR	- 0.52	VLN
FORM	- 0.45	EMKR
MTSI	- 0.41	VLN

Risk-Adjusted Indicators

There is a big difference between Pixelworks Stock performing well and Pixelworks 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 Pixelworks' 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
VLN	2.75	(0.14)	0.00	(0.29)	0.00	0.00	6.59	(5.41)	17.48
CEVA	2.12	0.23	0.13	0.29	1.93	(2.74)	4.62	(3.89)	20.17
EMKR	4.87	1.86	0.49	1.24	2.61	(6.56)	10.86	(6.12)	90.34
QUIK	2.76	(0.48)	0.00	(0.07)	0.00	0.00	5.48	(6.83)	16.02
SLAB	2.08	(0.39)	0.00	(0.02)	0.00	0.00	3.67	(4.19)	14.95
DIOD	2.30	(0.38)	0.00	(0.04)	0.00	0.00	4.92	(4.41)	15.29
MTSI	2.11	0.21	0.11	0.24	2.35	(2.38)	5.00	(3.42)	17.09
FORM	2.40	(0.51)	0.00	(0.09)	0.00	0.00	4.53	(5.08)	19.85
AMKR	1.98	(0.53)	0.00	(0.12)	0.00	0.00	3.95	(4.84)	13.56

Pixelworks Corporate Management

Hongmin Zhang	Chief VP	Profile
David Sabo	Senior Licensing	Profile
Peter Carson	Vice Marketing	Profile
Ramon Cazares	Senior Transcoding	Profile
Haley Aman	Chief Officer	Profile
Greg Zafiris	Executive Officer	Profile
Ting Xiong	Executive China	Profile

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