Wolfspeed Correlations

WOLF Stock

USD 17.46 0.54 3.00%

The current 90-days correlation between Wolfspeed and POET Technologies is 0.23 (i.e., Modest diversification). The correlation of Wolfspeed 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.

Wolfspeed Correlation With Market

Good diversification

The correlation between Wolfspeed and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wolfspeed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Wolfspeed Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolfspeed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Wolfspeed Stock please use our How to Invest in Wolfspeed guide.

Moving together with Wolfspeed Stock

0.7

ARM

Arm Holdings plc Earnings Call This Week

Pair Corr

Moving against Wolfspeed Stock

0.48	AMPH	Amphastar P	Pair Corr
0.46	MRLWF	Marlowe Plc	Pair Corr
0.44	688498	Yuanjie Semiconductor	Pair Corr
0.44	IMBBY	Imperial Brands PLC	Pair Corr
0.36	HYMC	Hycroft Mining Holding Trending	Pair Corr
0.35	MMSI	Merit Medical Systems	Pair Corr
0.33	ISRMF	iShares MSCI	Pair Corr
0.31	F	Ford Motor Earnings Call This Week	Pair Corr
0.68	JCAP	Jefferson Capital Common	Pair Corr
0.61	FOX	Fox Corp Class Earnings Call This Week	Pair Corr
0.51	VASO	Vaso Corp	Pair Corr
0.4	HL	Hecla Mining	Pair Corr
0.4	EGTIF	eGuarantee	Pair Corr
0.37	TENX	Tenax Therapeutics Downward Rally	Pair Corr
0.35	PBR	Petroleo Brasileiro Aggressive Push	Pair Corr
0.35	SNDK	Sandisk Corp Earnings Call Today	Pair Corr
0.35	BIOA	BioAge Labs	Pair Corr

Related Correlations Analysis

	POET	CEVA	AIP	CAN	AMBQ	BMBL	ARQQ	BZAI	PSFE	AOSL
POET		0.26	0.62	-0.01	0.91	0.18	0.12	0.04	0.23	0.49	POET
CEVA	0.26		-0.13	0.74	0.31	0.85	0.82	0.82	0.86	0.72	CEVA
AIP	0.62	-0.13		-0.44	0.65	-0.38	-0.33	-0.45	-0.23	-0.1	AIP
CAN	-0.01	0.74	-0.44		-0.11	0.89	0.91	0.97	0.86	0.72	CAN
AMBQ	0.91	0.31	0.65	-0.11		0.11	0.05	-0.05	0.18	0.4	AMBQ
BMBL	0.18	0.85	-0.38	0.89	0.11		0.92	0.94	0.9	0.89	BMBL
ARQQ	0.12	0.82	-0.33	0.91	0.05	0.92		0.95	0.88	0.82	ARQQ
BZAI	0.04	0.82	-0.45	0.97	-0.05	0.94	0.95		0.9	0.77	BZAI
PSFE	0.23	0.86	-0.23	0.86	0.18	0.9	0.88	0.9		0.77	PSFE
AOSL	0.49	0.72	-0.1	0.72	0.4	0.89	0.82	0.77	0.77		AOSL
	POET	CEVA	AIP	CAN	AMBQ	BMBL	ARQQ	BZAI	PSFE	AOSL

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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

BZAI	+ 0.97	CAN
BZAI	+ 0.95	ARQQ
BZAI	+ 0.94	BMBL
ARQQ	+ 0.92	BMBL
AMBQ	+ 0.91	POET
ARQQ	+ 0.91	CAN

High negative correlations

BZAI	- 0.45	AIP
CAN	- 0.44	AIP
BMBL	- 0.38	AIP
ARQQ	- 0.33	AIP
PSFE	- 0.23	AIP
AIP	- 0.13	CEVA

Risk-Adjusted Indicators

There is a big difference between Wolfspeed Stock performing well and Wolfspeed 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 Wolfspeed'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
POET	4.95	(0.18)	0.00	(0.01)	0.00	0.00	12.59	(9.96)	45.50
CEVA	2.54	(0.41)	0.00	(0.10)	0.00	0.00	4.26	(6.60)	19.14
AIP	3.18	0.16	0.06	0.12	4.42	(3.35)	5.75	(4.72)	43.24
CAN	5.17	(1.26)	0.00	(0.54)	0.00	0.00	11.59	(10.19)	29.94
AMBQ	3.00	0.01	0.03	0.07	3.57	(3.09)	6.03	(5.98)	17.30
BMBL	2.52	(0.73)	0.00	(0.38)	0.00	0.00	3.85	(5.00)	24.81
ARQQ	4.50	(0.87)	0.00	(0.18)	0.00	0.00	9.43	(9.81)	24.25
BZAI	4.13	(1.34)	0.00	(1.33)	0.00	0.00	6.40	(8.85)	20.96
PSFE	2.95	(0.97)	0.00	(0.21)	0.00	0.00	4.29	(5.16)	31.41
AOSL	2.51	(0.47)	0.00	(0.12)	0.00	0.00	5.18	(5.36)	30.66

Wolfspeed Corporate Management

Cengiz Balkas	Senior Officer	Profile
John Palmour	Founder Wolfspeed	Profile
Rick Madormo	Senior Marketing	Profile
Adam Milton	Senior Operations	Profile
Thomas Agron	Senior Operations	Profile
Marvin Riley	Independent Director	Profile
Priya Almelkar	Senior Officer	Profile

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