Transphorm Technology Correlations

Summary

TGANDelisted Stock

USD 5.10 0.00 0.00%

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

Transphorm Technology Correlation With Market

Good diversification

The correlation between Transphorm Technology and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transphorm 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Transphorm Stock

0.51	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.41	NTME	NetMed Inc	Pair Corr
0.37	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.34	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.31	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	SUOPY	LSRCF	ASMVY	DSCSY	TOELF	SPVNF	ATOM	ASML	AMAT
SUOPY		0.91	0.69	-0.32	0.81	-0.37	-0.89	0.83	0.72	SUOPY
LSRCF	0.91		0.5	-0.35	0.7	-0.35	-0.89	0.88	0.63	LSRCF
ASMVY	0.69	0.5		-0.12	0.7	-0.28	-0.58	0.49	0.68	ASMVY
DSCSY	-0.32	-0.35	-0.12		-0.17	-0.15	0.53	-0.33	-0.05	DSCSY
TOELF	0.81	0.7	0.7	-0.17		-0.2	-0.66	0.81	0.82	TOELF
SPVNF	-0.37	-0.35	-0.28	-0.15	-0.2		0.28	-0.13	-0.43	SPVNF
ATOM	-0.89	-0.89	-0.58	0.53	-0.66	0.28		-0.79	-0.53	ATOM
ASML	0.83	0.88	0.49	-0.33	0.81	-0.13	-0.79		0.73	ASML
AMAT	0.72	0.63	0.68	-0.05	0.82	-0.43	-0.53	0.73		AMAT
	SUOPY	LSRCF	ASMVY	DSCSY	TOELF	SPVNF	ATOM	ASML	AMAT

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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

LSRCF	+ 0.91	SUOPY
ASML	+ 0.88	LSRCF
ASML	+ 0.83	SUOPY
AMAT	+ 0.82	TOELF
TOELF	+ 0.81	SUOPY
ASML	+ 0.81	TOELF

High negative correlations

ATOM	- 0.89	LSRCF
ATOM	- 0.89	SUOPY
ASML	- 0.79	ATOM
ATOM	- 0.66	TOELF
ATOM	- 0.58	ASMVY
AMAT	- 0.53	ATOM

Risk-Adjusted Indicators

There is a big difference between Transphorm Stock performing well and Transphorm Technology 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 Transphorm Technology'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
SUOPY	2.13	(0.54)	0.00	(1.33)	0.00	0.00	3.27	(5.31)	17.64
LSRCF	1.80	(0.90)	0.00	(2.24)	0.00	0.00	0.28	(7.95)	19.72
ASMVY	1.87	(0.10)	0.00	0.53	0.00	0.00	4.92	(4.71)	12.88
DSCSY	2.69	(0.26)	0.00	(0.01)	0.00	0.00	5.02	(6.32)	16.54
TOELF	2.89	(0.37)	0.00	(0.11)	0.00	0.00	6.28	(4.89)	18.02
SPVNF	5.21	0.71	0.06	1.24	6.60	(8.61)	11.89	(10.84)	48.74
ATOM	4.88	1.15	0.29	0.63	3.87	(6.25)	14.63	(7.32)	36.44
ASML	2.05	(0.52)	0.00	(0.25)	0.00	0.00	3.76	(5.38)	22.75
AMAT	1.92	(0.32)	0.00	(0.07)	0.00	0.00	4.31	(3.36)	16.93

Transphorm Technology Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Transphorm Technology stock to make a market-neutral strategy. Peer analysis of Transphorm Technology could also be used in its relative valuation, which is a method of valuing Transphorm Technology by comparing valuation metrics with similar companies.

Sumco Corp ADR Lasertec Asm Pacific Technology Disco Corp ADR Tokyo Electron Spectra7 Microsystems Atomera ASML Holding NV Applied Materials SCREEN Holdings Co AIXTRON SE American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Transphorm Technology Corporate Management

Philip Zuk	Senior Marketing	Profile
Sal Barlett	Senior Operations	Profile
Mario Rivas	Chairman CEO	Profile
Randy Berg	Human Leader	Profile
Tushar Dhayagude	VP Sales	Profile
Cameron McAulay	Chief Officer	Profile

Still Interested in Transphorm Technology?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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