Semtech Correlations

SMTC Stock

USD 87.12 0.59 0.68%

The current 90-days correlation between Semtech and Camtek is 0.55 (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 poor diversification

The correlation between Semtech and DJI is 0.83 (i.e., Very poor 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

0.84	DIOD	Diodes Incorporated Tech Boost	Pair Corr
0.79	MU	Micron Technology Aggressive Push	Pair Corr
0.82	MX	MagnaChip Semiconductor Earnings Call This Week	Pair Corr
0.86	ON	ON Semiconductor Tech Boost	Pair Corr
0.7	AMK	Amkor Technology	Pair Corr
0.61	VECO	Veeco Instruments Earnings Call This Week	Pair Corr
0.75	ASM	ASM International	Pair Corr
0.74	ALKAL	Kalray SA	Pair Corr
0.77	KU1	Kulicke and Soffa	Pair Corr
0.86	TEY	Teradyne	Pair Corr
0.75	INL	Intel	Pair Corr
0.72	CTNK	Centrotherm International	Pair Corr
0.82	ENPH	Enphase Energy	Pair Corr
0.83	ANL	Analog Devices Earnings Call This Week	Pair Corr
0.85	ENTG	Entegris	Pair Corr
0.66	WAF	Siltronic AG	Pair Corr
0.73	ROM	ROHM Co	Pair Corr
0.73	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.78	ASME	ASML Holding NV	Pair Corr
0.63	AIXA	AIXTRON SE	Pair Corr
0.75	ASMF	ASML HOLDING NY	Pair Corr
0.66	BSI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.71	UMCB	United Microelectronics	Pair Corr

Moving against Semtech Stock

0.7	L5A	Canadian Solar	Pair Corr
0.66	NA	Nano Labs	Pair Corr
0.63	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.6	DQ	Daqo New Energy	Pair Corr
0.44	QCE	Global PVQ SE	Pair Corr
0.31	PI	Impinj Inc Buyout Trend	Pair Corr
0.68	CAN	Canaan Inc	Pair Corr
0.54	FSLR	First Solar	Pair Corr
0.37	4DS	4DS Memory Earnings Call This Week	Pair Corr
0.35	ARM	Arm Holdings plc	Pair Corr
0.33	XPER	Xperi Corp	Pair Corr

Related Correlations Analysis

	CAMT	ONTO	CRUS	ALGM	FORM	ESE	OLED	ARW	LFUS	CVLT
CAMT		0.97	0.82	0.91	0.94	0.66	0.52	0.78	0.91	-0.66	CAMT
ONTO	0.97		0.76	0.86	0.92	0.57	0.5	0.71	0.87	-0.57	ONTO
CRUS	0.82	0.76		0.93	0.9	0.82	0.48	0.94	0.93	-0.8	CRUS
ALGM	0.91	0.86	0.93		0.94	0.82	0.51	0.93	0.97	-0.8	ALGM
FORM	0.94	0.92	0.9	0.94		0.8	0.53	0.88	0.94	-0.69	FORM
ESE	0.66	0.57	0.82	0.82	0.8		0.36	0.87	0.82	-0.77	ESE
OLED	0.52	0.5	0.48	0.51	0.53	0.36		0.49	0.46	-0.14	OLED
ARW	0.78	0.71	0.94	0.93	0.88	0.87	0.49		0.95	-0.86	ARW
LFUS	0.91	0.87	0.93	0.97	0.94	0.82	0.46	0.95		-0.85	LFUS
CVLT	-0.66	-0.57	-0.8	-0.8	-0.69	-0.77	-0.14	-0.86	-0.85		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

ONTO	+ 0.97	CAMT
LFUS	+ 0.97	ALGM
LFUS	+ 0.95	ARW
FORM	+ 0.94	CAMT
ARW	+ 0.94	CRUS
FORM	+ 0.94	ALGM

High negative correlations

CVLT	- 0.86	ARW
CVLT	- 0.85	LFUS
CVLT	- 0.8	ALGM
CVLT	- 0.8	CRUS
CVLT	- 0.77	ESE
CVLT	- 0.69	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	2.80	0.55	0.17	0.47	2.92	(3.17)	7.26	(5.85)	14.74
ONTO	2.51	0.59	0.21	0.39	2.54	(2.71)	5.53	(4.75)	13.87
CRUS	1.42	0.26	0.15	0.36	1.38	(1.59)	3.99	(2.72)	10.50
ALGM	2.61	0.69	0.27	1.79	2.10	(3.13)	7.64	(3.59)	14.41
FORM	2.72	0.88	0.31	0.73	2.48	(3.31)	6.39	(3.87)	19.67
ESE	1.67	0.25	0.13	0.32	1.72	(1.88)	3.47	(3.31)	9.94
OLED	1.54	(0.02)	0.01	0.05	1.84	(1.68)	3.80	(3.33)	11.22
ARW	1.45	0.42	0.29	0.33	1.03	(1.66)	3.80	(2.33)	13.78
LFUS	1.63	0.49	0.30	0.37	1.21	(1.87)	4.80	(2.84)	8.56
CVLT	1.97	(0.61)	0.00	(0.26)	0.00	0.00	3.22	(3.37)	35.55

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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