Silicon Motion Correlations

SIMO Stock

USD 51.96 0.79 1.54%

The current 90-days correlation between Silicon Motion Technology and Himax Technologies is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silicon Motion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silicon Motion Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silicon Motion Correlation With Market

Average diversification

The correlation between Silicon Motion Technology and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silicon Motion Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silicon Motion Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against Silicon Stock

0.37	SPCB	Supercom Trending	Pair Corr
0.35	OPFI	OppFi Inc	Pair Corr

Related Correlations Analysis

	ASX	UMC	IMOS	LEDS	HIMX	TSM	MTSI	SMTC	SGH
ASX		0.04	-0.08	0.3	0.62	0.79	0.13	0.32	0.0	ASX
UMC	0.04		0.91	-0.54	-0.5	-0.28	-0.77	-0.8	0.0	UMC
IMOS	-0.08	0.91		-0.64	-0.52	-0.28	-0.83	-0.83	0.0	IMOS
LEDS	0.3	-0.54	-0.64		0.56	0.38	0.61	0.6	0.0	LEDS
HIMX	0.62	-0.5	-0.52	0.56		0.7	0.44	0.66	0.0	HIMX
TSM	0.79	-0.28	-0.28	0.38	0.7		0.37	0.5	0.0	TSM
MTSI	0.13	-0.77	-0.83	0.61	0.44	0.37		0.87	0.0	MTSI
SMTC	0.32	-0.8	-0.83	0.6	0.66	0.5	0.87		0.0	SMTC
SGH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SGH
	ASX	UMC	IMOS	LEDS	HIMX	TSM	MTSI	SMTC	SGH

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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

IMOS	+ 0.91	UMC
SMTC	+ 0.87	MTSI
TSM	+ 0.79	ASX
TSM	+ 0.7	HIMX
SMTC	+ 0.66	HIMX
HIMX	+ 0.62	ASX

High negative correlations

SMTC	- 0.83	IMOS
MTSI	- 0.83	IMOS
SMTC	- 0.8	UMC
MTSI	- 0.77	UMC
LEDS	- 0.64	IMOS
LEDS	- 0.54	UMC

Risk-Adjusted Indicators

There is a big difference between Silicon Stock performing well and Silicon Motion 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 Silicon Motion'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
ASX	1.67	0.05	0.02	0.14	1.91	(1.74)	3.57	(3.16)	7.76
UMC	1.42	(0.40)	0.00	(1.87)	0.00	0.00	2.52	(3.62)	7.12
IMOS	1.15	(0.32)	0.00	(1.40)	0.00	0.00	3.09	(2.94)	7.78
LEDS	4.21	0.71	0.11	4.05	5.31	(4.81)	9.09	(8.87)	52.60
HIMX	3.49	0.67	0.20	0.81	2.93	(4.46)	8.31	(5.12)	56.46
TSM	2.01	0.16	0.07	0.32	1.94	(2.31)	5.15	(3.55)	14.10
MTSI	2.03	0.34	0.15	0.30	1.90	(2.20)	4.30	(3.17)	18.24
SMTC	3.17	0.80	0.26	0.42	2.64	(3.76)	7.10	(4.94)	23.48
SGH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Silicon Motion Corporate Management

Thomas Sepenzis	Senior Strategy	Profile
Michelle Lin	Vice Controller	Profile
Riyadh Lai	Chief Officer	Profile
ChiaChang Kou	President, Founder	Profile
Jason Tsai	Interim Finance	Profile

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