Wolfspeed Correlations

WOLF Stock

USD 19.80 1.33 7.20%

The current 90-days correlation between Wolfspeed and POET Technologies is 0.21 (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

Very good diversification

The correlation between Wolfspeed and DJI is -0.26 (i.e., Very 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 board of governors.

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

Moving against Wolfspeed Stock

0.39	MU	Micron Technology Aggressive Push	Pair Corr
0.32	TWA	TOWA	Pair Corr
0.43	ENPH	Enphase Energy	Pair Corr
0.37	CTNK	Centrotherm International	Pair Corr
0.36	TEY	Teradyne	Pair Corr
0.33	ROM	ROHM Co	Pair Corr
0.33	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.39	6UX	ML SYSTEM SA	Pair Corr
0.31	ASX	ASE Industrial Holding	Pair Corr
0.31	ENQ	Entegris	Pair Corr

Related Correlations Analysis

	POET	CEVA	AIP	CAN	AMBQ	BMBL	ARQQ	BZAI	PSFE	AOSL
POET		0.64	0.79	-0.01	0.86	0.37	0.26	0.11	0.51	0.54	POET
CEVA	0.64		0.65	0.1	0.58	0.42	0.33	0.13	0.47	0.37	CEVA
AIP	0.79	0.65		0.2	0.68	0.43	0.4	0.29	0.59	0.45	AIP
CAN	-0.01	0.1	0.2		-0.34	0.76	0.91	0.93	0.6	-0.41	CAN
AMBQ	0.86	0.58	0.68	-0.34		0.08	-0.07	-0.24	0.2	0.75	AMBQ
BMBL	0.37	0.42	0.43	0.76	0.08		0.83	0.78	0.72	-0.09	BMBL
ARQQ	0.26	0.33	0.4	0.91	-0.07	0.83		0.91	0.72	-0.18	ARQQ
BZAI	0.11	0.13	0.29	0.93	-0.24	0.78	0.91		0.64	-0.4	BZAI
PSFE	0.51	0.47	0.59	0.6	0.2	0.72	0.72	0.64		-0.06	PSFE
AOSL	0.54	0.37	0.45	-0.41	0.75	-0.09	-0.18	-0.4	-0.06		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	+ 0.93	CAN
ARQQ	+ 0.91	CAN
BZAI	+ 0.91	ARQQ
AMBQ	+ 0.86	POET
ARQQ	+ 0.83	BMBL
AIP	+ 0.79	POET

High negative correlations

AOSL	- 0.41	CAN
AOSL	- 0.4	BZAI
AMBQ	- 0.34	CAN
BZAI	- 0.24	AMBQ
AOSL	- 0.18	ARQQ
AOSL	- 0.09	BMBL

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	4.57	0.47	0.11	0.26	5.18	(5.51)	13.11	(8.39)	45.50
CEVA	2.56	(0.44)	0.00	(0.13)	0.00	0.00	4.26	(6.60)	17.43
AIP	2.70	0.20	0.03	(0.43)	3.95	(2.72)	5.75	(4.54)	24.29
CAN	4.35	(0.86)	0.00	(2.19)	0.00	0.00	9.78	(8.70)	34.97
AMBQ	2.54	0.25	0.09	0.20	2.91	(2.68)	6.03	(4.95)	18.62
BMBL	2.62	(0.45)	0.00	(0.18)	0.00	0.00	4.93	(5.50)	18.84
ARQQ	4.05	(0.88)	0.00	(0.18)	0.00	0.00	7.88	(9.81)	25.62
BZAI	4.61	(0.91)	0.00	(2.12)	0.00	0.00	9.33	(10.29)	29.46
PSFE	2.64	(0.30)	0.00	(0.05)	0.00	0.00	5.73	(4.81)	20.35
AOSL	2.00	0.29	0.13	0.32	2.03	(2.35)	5.90	(4.19)	12.12

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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