Cirrus Logic Correlations

CRUS Stock

USD 107.66 1.50 1.41%

The current 90-days correlation between Cirrus Logic and Canada Goose Holdings is -0.19 (i.e., Good diversification). The correlation of Cirrus Logic 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Cirrus Logic Correlation With Market

Very poor diversification

The correlation between Cirrus Logic and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cirrus Logic and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cirrus Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cirrus Logic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Cirrus Stock please use our How to Invest in Cirrus Logic guide.

Moving together with Cirrus Stock

0.92	DIOD	Diodes Incorporated	Pair Corr
0.86	MU	Micron Technology	Pair Corr
0.89	MX	MagnaChip Semiconductor	Pair Corr
0.85	ON	ON Semiconductor	Pair Corr
0.91	MCHP	Microchip Technology	Pair Corr
0.97	MPWR	Monolithic Power Systems	Pair Corr
0.92	MRAM	Everspin Technologies	Pair Corr
0.87	MRVL	Marvell Technology	Pair Corr
0.91	MTSI	MACOM Technology Sol	Pair Corr
0.91	MCHPP	Microchip Technology	Pair Corr
0.89	NVEC	NVE Corporation	Pair Corr
0.87	NVDA	NVIDIA	Pair Corr
0.89	QCOM	Qualcomm Incorporated	Pair Corr
0.8	ALGM	Allegro Microsystems	Pair Corr
0.94	KD	Kyndryl Holdings	Pair Corr
0.9	UI	Ubiquiti Networks	Pair Corr
0.77	DMRC	Digimarc	Pair Corr
0.9	EPAM	EPAM Systems	Pair Corr
0.79	WKEY	Wisekey International	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.86	IBM	International Business	Pair Corr
0.82	MGIC	Magic Software Enter	Pair Corr
0.88	MSFT	Microsoft	Pair Corr
0.84	NABL	N Able Inc	Pair Corr
0.77	NYAX	Nayax	Pair Corr
0.94	SHOP	Shopify Class A	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr

Moving against Cirrus Stock

0.69	FI	Fiserv,	Pair Corr
0.49	BRK-A	Berkshire Hathaway	Pair Corr
0.49	BRK-B	Berkshire Hathaway Sell-off Trend	Pair Corr
0.39	NTRP	NextTrip	Pair Corr

Related Correlations Analysis

	STKL	FIGS	CPNG	GOOS	JRSH	CAH	HDSN	ANF
STKL		0.65	0.89	0.79	0.86	0.83	0.87	0.65	STKL
FIGS	0.65		0.84	0.69	0.69	0.87	0.84	0.66	FIGS
CPNG	0.89	0.84		0.89	0.77	0.95	0.93	0.68	CPNG
GOOS	0.79	0.69	0.89		0.66	0.83	0.72	0.65	GOOS
JRSH	0.86	0.69	0.77	0.66		0.75	0.8	0.72	JRSH
CAH	0.83	0.87	0.95	0.83	0.75		0.93	0.58	CAH
HDSN	0.87	0.84	0.93	0.72	0.8	0.93		0.61	HDSN
ANF	0.65	0.66	0.68	0.65	0.72	0.58	0.61		ANF
	STKL	FIGS	CPNG	GOOS	JRSH	CAH	HDSN	ANF

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Risk-Adjusted Indicators

There is a big difference between Cirrus Stock performing well and Cirrus Logic 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 Cirrus Logic'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
STKL	3.07	0.46	0.11	(7.68)	3.05	(3.72)	7.64	(4.88)	33.17
FIGS	2.72	0.33	0.08	0.34	3.30	(3.15)	7.13	(4.45)	18.66
CPNG	1.55	0.38	0.19	0.44	1.61	(1.82)	3.64	(3.65)	14.48
GOOS	2.61	0.73	0.20	(2.21)	2.63	(3.15)	6.94	(4.44)	24.42
JRSH	1.59	(0.08)	0.00	(0.02)	0.00	0.00	3.81	(4.67)	10.92
CAH	1.12	0.26	0.12	0.52	1.44	(1.13)	2.75	(2.63)	8.40
HDSN	2.51	0.42	0.17	0.44	2.30	(3.29)	8.29	(4.02)	20.60
ANF	3.15	0.15	0.05	0.19	3.62	(4.12)	6.54	(5.49)	21.61

Cirrus Logic Corporate Management

Venkatesh Nathamuni	Chief Officer	Profile
Jeffrey Woolard	Chief Officer	Profile
Carl Alberty	Executive Products	Profile
Denise Grode	Executive Officer	Profile

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