Cirrus Logic Correlations

CRUS Stock

USD 128.92 1.57 1.20%

The current 90-days correlation between Cirrus Logic and Onto Innovation is 0.69 (i.e., Poor 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 weak diversification

The correlation between Cirrus Logic and DJI is 0.49 (i.e., Very weak 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 housing.

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

Moving together with Cirrus Stock

0.93	VECO	Veeco Instruments	Pair Corr
0.87	INTC	Intel Earnings Call Today	Pair Corr
0.85	ASYS	Amtech Systems	Pair Corr
0.62	CUB	Lionheart Holdings	Pair Corr
0.83	CPA	Copa Holdings SA	Pair Corr
0.88	CVI	CVR Energy Buyout Trend	Pair Corr
0.82	CHNXF	ChitogenX	Pair Corr
0.68	36966TGR7	GENERAL ELEC CAP	Pair Corr
0.88	QVCGA	QVC Group Symbol Change	Pair Corr
0.74	AA	Alcoa Corp	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.88	AXP	American Express	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr
0.85	BAC	Bank of America	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.71	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr

Moving against Cirrus Stock

0.86	CBRL	Cracker Barrel Old	Pair Corr
0.6	BA	Boeing Earnings Call This Week	Pair Corr
0.31	PG	Procter Gamble Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	ONTO	OLED	SMTC	AMKR	CLSK	CAMT	ITRI	WOLF	KD	ARW
ONTO		0.26	0.85	0.95	0.77	0.81	0.04	0.77	-0.57	-0.32	ONTO
OLED	0.26		0.17	0.24	0.39	0.52	0.69	0.27	0.28	0.12	OLED
SMTC	0.85	0.17		0.87	0.75	0.74	-0.05	0.8	-0.45	-0.29	SMTC
AMKR	0.95	0.24	0.87		0.82	0.82	0.04	0.79	-0.62	-0.39	AMKR
CLSK	0.77	0.39	0.75	0.82		0.94	0.42	0.91	-0.41	-0.52	CLSK
CAMT	0.81	0.52	0.74	0.82	0.94		0.46	0.87	-0.31	-0.47	CAMT
ITRI	0.04	0.69	-0.05	0.04	0.42	0.46		0.3	0.28	0.11	ITRI
WOLF	0.77	0.27	0.8	0.79	0.91	0.87	0.3		-0.52	-0.48	WOLF
KD	-0.57	0.28	-0.45	-0.62	-0.41	-0.31	0.28	-0.52		0.46	KD
ARW	-0.32	0.12	-0.29	-0.39	-0.52	-0.47	0.11	-0.48	0.46		ARW
	ONTO	OLED	SMTC	AMKR	CLSK	CAMT	ITRI	WOLF	KD	ARW

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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

AMKR	+ 0.95	ONTO
CAMT	+ 0.94	CLSK
WOLF	+ 0.91	CLSK
AMKR	+ 0.87	SMTC
WOLF	+ 0.87	CAMT
SMTC	+ 0.85	ONTO

High negative correlations

KD	- 0.62	AMKR
KD	- 0.57	ONTO
KD	- 0.52	WOLF
ARW	- 0.52	CLSK
ARW	- 0.48	WOLF
ARW	- 0.47	CAMT

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
ONTO	2.61	0.31	0.11	0.20	3.48	(2.85)	6.21	(6.58)	22.18
OLED	1.57	(0.12)	0.00	(0.04)	0.00	0.00	3.44	(3.23)	8.43
SMTC	2.46	0.29	0.13	0.21	2.42	(3.02)	4.61	(4.86)	22.10
AMKR	2.37	0.48	0.19	0.31	2.16	(2.54)	5.30	(4.29)	25.84
CLSK	3.72	0.42	0.10	0.28	4.50	(4.05)	9.35	(7.99)	31.49
CAMT	2.70	0.29	0.09	0.22	3.45	(2.62)	5.15	(5.14)	17.85
ITRI	1.29	(0.13)	0.00	(0.01)	0.00	0.00	2.70	(2.25)	11.51
WOLF	52.23	26.60	2.78	3.85	8.17	(69.12)	27.89	(16.55)	1,740
KD	1.77	(0.55)	0.00	(0.24)	0.00	0.00	2.58	(3.82)	23.26
ARW	1.50	(0.22)	0.00	(0.06)	0.00	0.00	3.16	(3.66)	11.64

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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