QuickLogic Correlations

QUIK Stock

USD 7.52 0.44 6.21%

The current 90-days correlation between QuickLogic and AXT Inc is 0.07 (i.e., Significant 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

Very weak diversification

The correlation between QuickLogic and DJI is 0.54 (i.e., Very 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.

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

0.63	VECO	Veeco Instruments	Pair Corr
0.68	FORM	FormFactor	Pair Corr
0.61	LRCX	Lam Research Corp	Pair Corr
0.7	CAMT	Camtek	Pair Corr

Moving against QuickLogic Stock

0.37	EHGO	Eshallgo Class A	Pair Corr
0.45	T	ATT Inc Aggressive Push	Pair Corr
0.32	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PXLW	AXTI	POWI	LSCC	EMKR
PXLW		0.05	0.24	0.38	0.5	PXLW
AXTI	0.05		0.26	0.01	-0.22	AXTI
POWI	0.24	0.26		0.39	0.24	POWI
LSCC	0.38	0.01	0.39		0.54	LSCC
EMKR	0.5	-0.22	0.24	0.54		EMKR
	PXLW	AXTI	POWI	LSCC	EMKR

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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

EMKR	+ 0.54	LSCC
EMKR	+ 0.5	PXLW
LSCC	+ 0.39	POWI
LSCC	+ 0.38	PXLW
POWI	+ 0.26	AXTI
POWI	+ 0.24	PXLW

High negative correlations

EMKR

- 0.22

AXTI

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
PXLW	3.77	0.17	0.02	0.86	3.62	(5.95)	13.58	(6.67)	27.65
AXTI	3.44	(0.42)	0.00	0.93	0.00	0.00	6.36	(5.98)	38.81
POWI	1.86	(0.28)	0.00	(0.05)	0.00	0.00	3.85	(3.33)	11.40
LSCC	2.38	(0.10)	0.01	0.06	3.06	(2.38)	5.11	(5.28)	18.48
EMKR	4.87	1.93	0.51	1.23	2.62	(6.45)	10.86	(6.12)	90.34

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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