Semtech Correlations

SMTC Stock

USD 80.17 3.18 4.13%

The current 90-days correlation between Semtech and Camtek is 0.53 (i.e., Very weak diversification). The correlation of Semtech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Semtech Correlation With Market

Very weak diversification

The correlation between Semtech and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Semtech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Semtech Stock

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

For information on how to trade Semtech Stock refer to our How to Trade Semtech Stock guide.

Moving together with Semtech Stock

0.66	MU	Micron Technology Aggressive Push	Pair Corr
0.73	ON	ON Semiconductor	Pair Corr
0.78	VECO	Veeco Instruments	Pair Corr
0.69	688127	Zhejiang Lante Optics	Pair Corr
0.81	ADI	Analog Devices	Pair Corr
0.88	AIP	Arteris	Pair Corr
0.65	ASX	ASE Industrial Holding	Pair Corr
0.67	FORM	FormFactor Tech Boost	Pair Corr

Moving against Semtech Stock

0.72	NA	Nano Labs	Pair Corr
0.51	ARM	Arm Holdings plc	Pair Corr
0.45	CAN	Canaan Inc	Pair Corr
0.41	GCTS	GCT Semiconductor Holding	Pair Corr
0.33	AMD	Advanced Micro Devices Aggressive Push	Pair Corr

Related Correlations Analysis

	CAMT	ONTO	CRUS	ALGM	FORM	ESE	OLED	ARW	LFUS	CVLT
CAMT		0.72	0.52	0.92	0.62	0.24	0.37	0.63	0.8	0.15	CAMT
ONTO	0.72		0.02	0.61	0.92	-0.21	-0.31	0.27	0.83	-0.38	ONTO
CRUS	0.52	0.02		0.71	-0.09	0.34	0.78	0.74	0.37	0.63	CRUS
ALGM	0.92	0.61	0.71		0.45	0.24	0.5	0.78	0.82	0.36	ALGM
FORM	0.62	0.92	-0.09	0.45		-0.12	-0.42	0.02	0.62	-0.59	FORM
ESE	0.24	-0.21	0.34	0.24	-0.12		0.43	0.15	0.0	0.36	ESE
OLED	0.37	-0.31	0.78	0.5	-0.42	0.43		0.66	0.09	0.84	OLED
ARW	0.63	0.27	0.74	0.78	0.02	0.15	0.66		0.66	0.69	ARW
LFUS	0.8	0.83	0.37	0.82	0.62	0.0	0.09	0.66		0.12	LFUS
CVLT	0.15	-0.38	0.63	0.36	-0.59	0.36	0.84	0.69	0.12		CVLT
	CAMT	ONTO	CRUS	ALGM	FORM	ESE	OLED	ARW	LFUS	CVLT

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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

ALGM	+ 0.92	CAMT
FORM	+ 0.92	ONTO
CVLT	+ 0.84	OLED
LFUS	+ 0.83	ONTO
LFUS	+ 0.82	ALGM
LFUS	+ 0.8	CAMT

High negative correlations

CVLT	- 0.59	FORM
OLED	- 0.42	FORM
CVLT	- 0.38	ONTO
OLED	- 0.31	ONTO
ESE	- 0.21	ONTO
ESE	- 0.12	FORM

Risk-Adjusted Indicators

There is a big difference between Semtech Stock performing well and Semtech 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 Semtech'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
CAMT	2.76	0.16	0.07	0.18	2.97	(3.18)	7.61	(5.48)	15.59
ONTO	2.58	0.58	0.23	0.42	2.43	(3.03)	5.53	(4.35)	10.98
CRUS	1.37	0.01	0.01	0.10	1.79	(1.44)	3.99	(2.75)	11.90
ALGM	2.30	0.05	0.07	0.11	2.24	(2.71)	5.61	(4.46)	14.41
FORM	3.02	0.98	0.33	0.68	2.59	(3.64)	6.53	(4.63)	32.46
ESE	1.38	0.00	0.00	0.10	1.71	(1.43)	2.54	(3.16)	7.84
OLED	1.61	(0.49)	0.00	(0.23)	0.00	0.00	2.60	(3.46)	11.06
ARW	1.20	(0.12)	(0.05)	0.00	1.70	(1.15)	2.60	(2.50)	8.90
LFUS	1.65	0.03	0.05	0.11	1.89	(1.66)	3.65	(3.64)	8.44
CVLT	1.75	(0.60)	0.00	(0.50)	0.00	0.00	2.42	(3.87)	18.93

Semtech Corporate Management

Michael Rodensky	Senior Sales	Profile
Tom Mueller	Executive Group	Profile
Francois Tremblay	CTO Group	Profile
Julie McGee	VP Officer	Profile
Jeffrey Gutierrez	Secretary	Profile

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