Silicon Motion Correlations

SIMO Stock

USD 54.80 1.73 3.26%

The current 90-days correlation between Silicon Motion Technology and Himax Technologies is 0.58 (i.e., Very weak 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

Weak diversification

The correlation between Silicon Motion Technology 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 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 together with Silicon Stock

0.75	ENPH	Enphase Energy	Pair Corr
0.86	ACLS	Axcelis Technologies	Pair Corr
0.81	AMKR	Amkor Technology	Pair Corr
0.82	SEDG	SolarEdge Technologies	Pair Corr
0.71	VRRM	Verra Mobility Corp	Pair Corr
0.62	ARW	Arrow Electronics	Pair Corr
0.72	CDW	CDW Corp	Pair Corr
0.67	FRGT	Freight Technologies	Pair Corr
0.64	VHC	VirnetX Holding Corp	Pair Corr

Moving against Silicon Stock

0.69	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.62	ZD	Ziff Davis	Pair Corr
0.61	GB	Global Blue Group Earnings Call Today	Pair Corr
0.51	S	SentinelOne	Pair Corr
0.46	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.43	FTCI	FTC Solar	Pair Corr
0.77	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.64	EVCM	EverCommerce	Pair Corr
0.62	CRM	Salesforce Earnings Call This Week	Pair Corr
0.57	EBON	Ebang International	Pair Corr
0.56	ENFN	Enfusion	Pair Corr
0.56	ANY	Sphere 3D Corp	Pair Corr
0.52	NET	Cloudflare Buyout Trend	Pair Corr
0.39	LIF	Life360, Common Stock	Pair Corr
0.36	HPQ	HP Inc	Pair Corr
0.34	RXT	Rackspace Technology	Pair Corr

Related Correlations Analysis

	ASX	UMC	IMOS	LEDS	HIMX	TSM	MTSI	SMTC	SGH
ASX		0.02	0.22	-0.37	0.6	0.65	0.33	0.31	-0.28	ASX
UMC	0.02		0.81	0.23	0.0	-0.68	-0.78	-0.62	0.35	UMC
IMOS	0.22	0.81		-0.09	0.33	-0.35	-0.66	-0.52	0.2	IMOS
LEDS	-0.37	0.23	-0.09		-0.15	-0.43	-0.2	-0.3	0.25	LEDS
HIMX	0.6	0.0	0.33	-0.15		0.52	0.18	-0.06	-0.11	HIMX
TSM	0.65	-0.68	-0.35	-0.43	0.52		0.78	0.63	-0.52	TSM
MTSI	0.33	-0.78	-0.66	-0.2	0.18	0.78		0.74	-0.28	MTSI
SMTC	0.31	-0.62	-0.52	-0.3	-0.06	0.63	0.74		-0.49	SMTC
SGH	-0.28	0.35	0.2	0.25	-0.11	-0.52	-0.28	-0.49		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	+ 0.81	UMC
MTSI	+ 0.78	TSM
SMTC	+ 0.74	MTSI
TSM	+ 0.65	ASX
SMTC	+ 0.63	TSM
HIMX	+ 0.6	ASX

High negative correlations

MTSI	- 0.78	UMC
TSM	- 0.68	UMC
MTSI	- 0.66	IMOS
SMTC	- 0.62	UMC
SGH	- 0.52	TSM
SMTC	- 0.52	IMOS

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	1.81	(0.13)	(0.03)	(0.01)	2.75	(1.66)	3.57	(3.64)	12.69
UMC	1.49	(0.44)	0.00	(0.49)	0.00	0.00	2.36	(3.55)	10.21
IMOS	1.13	(0.28)	0.00	(2.94)	0.00	0.00	2.38	(3.51)	7.78
LEDS	3.78	0.08	0.01	0.16	4.94	(4.63)	7.89	(8.87)	48.34
HIMX	1.76	(0.27)	0.00	(0.13)	0.00	0.00	3.89	(3.73)	9.83
TSM	1.89	0.09	0.03	0.19	2.34	(1.95)	4.13	(4.21)	14.10
MTSI	2.07	0.17	0.09	0.19	2.39	(2.32)	5.00	(3.42)	17.09
SMTC	2.85	0.39	0.13	0.37	2.95	(3.18)	6.02	(5.66)	19.03
SGH	2.40	(0.41)	0.00	0.42	0.00	0.00	4.26	(6.44)	13.97

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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