Sitime Correlations

SITM Stock

USD 211.08 0.58 0.28%

The current 90-days correlation between Sitime and Lattice Semiconductor is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sitime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitime moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sitime Correlation With Market

Very weak diversification

The correlation between Sitime and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sitime 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 Sitime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Sitime Stock, please use our How to Invest in Sitime guide.

Moving together with Sitime Stock

0.93	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.87	KLIC	Kulicke and Soffa	Pair Corr
0.67	EHGO	Eshallgo Class A Downward Rally	Pair Corr
0.77	IPGP	IPG Photonics	Pair Corr
0.92	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.9	CWAN	Clearwater Analytics	Pair Corr
0.79	SSNLF	Samsung Electronics	Pair Corr
0.77	T	ATT Inc Aggressive Push	Pair Corr

Moving against Sitime Stock

0.77	BKRKY	Bank Rakyat	Pair Corr
0.76	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.73	ACLS	Axcelis Technologies	Pair Corr
0.65	ICG	Intchains Group	Pair Corr
0.62	TER	Teradyne	Pair Corr
0.59	CDW	CDW Corp	Pair Corr
0.58	VECO	Veeco Instruments	Pair Corr
0.55	SIMO	Silicon Motion Technology	Pair Corr
0.54	KLAC	KLA Tencor	Pair Corr
0.41	FORM	FormFactor	Pair Corr
0.32	CAMT	Camtek	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.79	BKRKF	PT Bank Rakyat	Pair Corr
0.78	PPERF	Bank Mandiri Persero	Pair Corr
0.77	EC	Ecopetrol SA ADR	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr
0.76	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.71	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.46	PG	Procter Gamble	Pair Corr
0.39	PBCRY	Bank Central Asia	Pair Corr
0.33	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	LSCC	QRVO	MCHP	SLAB	POWI	DIOD	MXL	AMKR	MTSI	CRUS
LSCC		-0.37	-0.09	0.27	0.41	-0.08	0.49	-0.17	0.62	-0.59	LSCC
QRVO	-0.37		0.85	0.67	-0.02	0.68	-0.39	0.92	-0.77	0.92	QRVO
MCHP	-0.09	0.85		0.81	0.25	0.79	-0.38	0.86	-0.63	0.78	MCHP
SLAB	0.27	0.67	0.81		0.57	0.81	-0.11	0.8	-0.21	0.51	SLAB
POWI	0.41	-0.02	0.25	0.57		0.63	0.07	0.2	0.46	-0.01	POWI
DIOD	-0.08	0.68	0.79	0.81	0.63		-0.31	0.75	-0.26	0.68	DIOD
MXL	0.49	-0.39	-0.38	-0.11	0.07	-0.31		-0.32	0.59	-0.47	MXL
AMKR	-0.17	0.92	0.86	0.8	0.2	0.75	-0.32		-0.59	0.83	AMKR
MTSI	0.62	-0.77	-0.63	-0.21	0.46	-0.26	0.59	-0.59		-0.79	MTSI
CRUS	-0.59	0.92	0.78	0.51	-0.01	0.68	-0.47	0.83	-0.79		CRUS
	LSCC	QRVO	MCHP	SLAB	POWI	DIOD	MXL	AMKR	MTSI	CRUS

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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	+ 0.92	QRVO
CRUS	+ 0.92	QRVO
AMKR	+ 0.86	MCHP
MCHP	+ 0.85	QRVO
CRUS	+ 0.83	AMKR
SLAB	+ 0.81	MCHP

High negative correlations

CRUS	- 0.79	MTSI
MTSI	- 0.77	QRVO
MTSI	- 0.63	MCHP
MTSI	- 0.59	AMKR
CRUS	- 0.59	LSCC
CRUS	- 0.47	MXL

Risk-Adjusted Indicators

There is a big difference between Sitime Stock performing well and Sitime 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 Sitime'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
LSCC	2.33	0.01	0.05	0.13	2.81	(2.42)	5.11	(4.15)	18.48
QRVO	1.90	(0.82)	0.00	(0.39)	0.00	0.00	2.70	(3.45)	31.92
MCHP	1.73	(0.41)	0.00	(0.18)	0.00	0.00	3.00	(4.17)	10.27
SLAB	2.08	(0.39)	0.00	(0.02)	0.00	0.00	3.67	(4.19)	14.95
POWI	1.86	(0.25)	0.00	(0.01)	0.00	0.00	3.85	(3.33)	11.40
DIOD	2.30	(0.38)	0.00	(0.04)	0.00	0.00	4.92	(4.41)	15.29
MXL	3.36	0.02	0.07	0.13	4.13	(3.80)	8.45	(6.75)	27.68
AMKR	1.98	(0.53)	0.00	(0.12)	0.00	0.00	3.95	(4.84)	13.56
MTSI	2.11	0.21	0.11	0.24	2.35	(2.38)	5.00	(3.42)	17.09
CRUS	1.80	(0.56)	0.00	(0.36)	0.00	0.00	2.32	(5.64)	11.43

Sitime Corporate Management

Arthur Chadwick	Ex CFO	Profile
Samsheer Ahmad	Senior Officer	Profile
David Sweet	Partner	Profile
Atul Shingal	Executive Operations	Profile
Fariborz Assaderaghi	Executive Engineering	Profile

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