QuickLogic Correlations

QUIK Stock

USD 6.40 0.10 1.54%

The current 90-days correlation between QuickLogic and MagnaChip Semiconductor is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as QuickLogic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QuickLogic moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

QuickLogic Correlation With Market

Weak diversification

The correlation between QuickLogic and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QuickLogic and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with QuickLogic Stock

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

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

Moving together with QuickLogic Stock

0.64	688123	Giantec Semiconductor	Pair Corr
0.66	603986	GigaDevice SemiconductorBei	Pair Corr
0.62	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.61	ARM	Arm Holdings plc	Pair Corr

Moving against QuickLogic Stock

0.57	002745	MLS Co	Pair Corr
0.49	300672	Goke Microelectronics	Pair Corr
0.55	ICG	Intchains Group	Pair Corr

Related Correlations Analysis

	MX	ASYS	CTM	SSTI	NA	INTT	WRAP	ATOM	ZENA	MOBX
MX		0.2	-0.07	0.78	0.41	0.54	0.68	0.75	0.69	0.7	MX
ASYS	0.2		-0.11	0.1	-0.38	-0.43	0.09	0.02	-0.08	-0.19	ASYS
CTM	-0.07	-0.11		-0.02	-0.07	0.09	0.12	-0.1	-0.09	0.07	CTM
SSTI	0.78	0.1	-0.02		0.7	0.55	0.48	0.92	0.91	0.91	SSTI
NA	0.41	-0.38	-0.07	0.7		0.44	0.13	0.76	0.77	0.79	NA
INTT	0.54	-0.43	0.09	0.55	0.44		0.44	0.48	0.6	0.61	INTT
WRAP	0.68	0.09	0.12	0.48	0.13	0.44		0.48	0.45	0.54	WRAP
ATOM	0.75	0.02	-0.1	0.92	0.76	0.48	0.48		0.93	0.9	ATOM
ZENA	0.69	-0.08	-0.09	0.91	0.77	0.6	0.45	0.93		0.89	ZENA
MOBX	0.7	-0.19	0.07	0.91	0.79	0.61	0.54	0.9	0.89		MOBX
	MX	ASYS	CTM	SSTI	NA	INTT	WRAP	ATOM	ZENA	MOBX

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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

ZENA	+ 0.93	ATOM
ATOM	+ 0.92	SSTI
ZENA	+ 0.91	SSTI
MOBX	+ 0.91	SSTI
MOBX	+ 0.9	ATOM
MOBX	+ 0.89	ZENA

High negative correlations

INTT	- 0.43	ASYS
NA	- 0.38	ASYS
MOBX	- 0.19	ASYS
CTM	- 0.11	ASYS
ATOM	- 0.1	CTM
ZENA	- 0.09	CTM

Risk-Adjusted Indicators

There is a big difference between QuickLogic Stock performing well and QuickLogic 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 QuickLogic'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
MX	2.34	(0.36)	0.00	(0.15)	0.00	0.00	3.91	(5.86)	18.85
ASYS	3.54	0.28	0.09	0.16	4.30	(3.83)	6.07	(7.81)	25.37
CTM	3.57	(0.10)	0.00	(0.03)	0.00	0.00	11.00	(6.67)	21.35
SSTI	2.90	(0.78)	0.00	(0.23)	0.00	0.00	3.87	(7.07)	16.87
NA	3.52	(0.81)	0.00	(0.71)	0.00	0.00	6.41	(7.27)	38.30
INTT	2.68	(0.28)	0.00	(0.07)	0.00	0.00	5.87	(7.54)	16.53
WRAP	5.12	(0.25)	0.00	(0.01)	0.00	0.00	13.08	(8.76)	42.75
ATOM	4.70	(1.04)	0.00	(0.19)	0.00	0.00	10.55	(8.51)	47.88
ZENA	4.41	(0.59)	0.00	(0.21)	0.00	0.00	10.11	(7.04)	20.06
MOBX	4.92	(1.47)	0.00	(0.50)	0.00	0.00	9.43	(9.26)	34.26

QuickLogic Corporate Management

Brian Faith	VP of Worldwide Marketing	Profile
Owen Bateman	VP Sales	Profile
Elias Nader	Principal CFO	Profile
Andrew Chan	CoFounder	Profile

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