SemiLEDS Correlations

LEDS Stock

USD 1.58 0.08 5.33%

The current 90-days correlation between SemiLEDS and Wisekey International Holding is 0.28 (i.e., Modest diversification). The correlation of SemiLEDS 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.

SemiLEDS Correlation With Market

Weak diversification

The correlation between SemiLEDS and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SemiLEDS and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SemiLEDS Stock

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

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

Moving together with SemiLEDS Stock

0.63	XPER	Xperi Corp	Pair Corr
0.62	IMOS	ChipMOS Technologies	Pair Corr

Moving against SemiLEDS Stock

0.5	DQ	Daqo New Energy	Pair Corr
0.46	ENTG	Entegris	Pair Corr
0.45	ICG	Intchains Group	Pair Corr
0.42	CVV	CVD Equipment	Pair Corr
0.41	AMD	Advanced Micro Devices Earnings Call Today	Pair Corr
0.37	MXL	MaxLinear	Pair Corr
0.35	TRT	Trio Tech International Tech Boost	Pair Corr
0.64	MOBX	Mobix Labs	Pair Corr
0.54	GCTS	GCT Semiconductor Holding	Pair Corr
0.49	VLN	Valens Earnings Call Tomorrow	Pair Corr
0.48	MAXN	Maxeon Solar Technologies Earnings Call This Week	Pair Corr
0.45	GSIT	GSI Technology	Pair Corr
0.4	KOPN	Kopin Earnings Call This Week	Pair Corr
0.32	LSCC	Lattice Semiconductor Sell-off Trend	Pair Corr

Related Correlations Analysis

	NA	IMOS	WKEY	SIMO	UMC	BLIN	RCON	GBR	PRPO
NA		0.57	0.44	0.56	0.62	-0.48	0.37	0.67	0.44	NA
IMOS	0.57		0.83	0.58	0.77	-0.5	0.16	0.55	0.42	IMOS
WKEY	0.44	0.83		0.66	0.67	-0.71	0.35	0.45	0.51	WKEY
SIMO	0.56	0.58	0.66		0.61	-0.85	0.72	0.54	0.89	SIMO
UMC	0.62	0.77	0.67	0.61		-0.55	0.25	0.77	0.39	UMC
BLIN	-0.48	-0.5	-0.71	-0.85	-0.55		-0.68	-0.48	-0.79	BLIN
RCON	0.37	0.16	0.35	0.72	0.25	-0.68		0.35	0.66	RCON
GBR	0.67	0.55	0.45	0.54	0.77	-0.48	0.35		0.34	GBR
PRPO	0.44	0.42	0.51	0.89	0.39	-0.79	0.66	0.34		PRPO
	NA	IMOS	WKEY	SIMO	UMC	BLIN	RCON	GBR	PRPO

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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

PRPO	+ 0.89	SIMO
WKEY	+ 0.83	IMOS
UMC	+ 0.77	IMOS
GBR	+ 0.77	UMC
RCON	+ 0.72	SIMO
GBR	+ 0.67	NA

High negative correlations

BLIN	- 0.85	SIMO
PRPO	- 0.79	BLIN
BLIN	- 0.71	WKEY
RCON	- 0.68	BLIN
BLIN	- 0.55	UMC
BLIN	- 0.5	IMOS

Risk-Adjusted Indicators

There is a big difference between SemiLEDS Stock performing well and SemiLEDS 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 SemiLEDS'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
NA	7.30	0.68	0.09	0.76	6.65	(9.97)	21.54	(10.52)	94.81
IMOS	1.64	(0.04)	(0.01)	0.07	2.01	(1.59)	3.73	(2.98)	8.55
WKEY	4.82	0.23	0.09	0.18	4.33	(6.02)	13.02	(7.72)	25.33
SIMO	1.85	0.69	0.46	0.59	1.00	(2.35)	5.05	(2.11)	13.37
UMC	1.43	0.00	(0.02)	0.10	1.63	(1.61)	3.29	(2.92)	9.12
BLIN	2.50	(0.24)	0.00	(0.86)	0.00	0.00	4.96	(5.24)	23.89
RCON	7.09	1.37	0.11	(0.84)	8.29	(9.50)	20.35	(11.49)	49.04
GBR	4.32	0.51	0.07	2.65	5.20	(6.48)	10.23	(8.16)	61.84
PRPO	4.12	1.56	0.38	(6.23)	3.18	(5.43)	13.16	(5.13)	29.07

SemiLEDS Corporate Executives

Elected by the shareholders, the SemiLEDS's board of directors comprises two types of representatives: SemiLEDS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SemiLEDS. The board's role is to monitor SemiLEDS's management team and ensure that shareholders' interests are well served. SemiLEDS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SemiLEDS's outside directors are responsible for providing unbiased perspectives on the board's policies.

HsinLiang Lee

CFO Secretary

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