Microchip Technology Correlations
| MCHPP Stock | 65.93 0.71 1.07% |
The correlation of Microchip Technology 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.
Microchip Technology Correlation With Market
Poor diversification
The correlation between Microchip Technology Incorpora and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microchip Technology Incorpora and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Microchip Stock
| 0.67 | MX | MagnaChip Semiconductor | PairCorr |
| 0.83 | ON | ON Semiconductor | PairCorr |
| 0.71 | UMC | United Microelectronics | PairCorr |
| 0.81 | LSCC | Lattice Semiconductor | PairCorr |
| 0.95 | NXPI | NXP Semiconductors | PairCorr |
| 0.73 | UCTT | Ultra Clean Holdings Tech Boost | PairCorr |
| 0.79 | RKLB | Rocket Lab USA Aggressive Push | PairCorr |
| 0.81 | BA | Boeing | PairCorr |
Moving against Microchip Stock
| 0.5 | KO | Coca Cola | PairCorr |
| 0.38 | MMM | 3M Company | PairCorr |
| 0.37 | T | ATT Inc | PairCorr |
| 0.37 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Microchip Stock performing well and Microchip Technology 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 Microchip Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GWIN | 0.76 | (0.13) | 0.00 | (0.13) | 0.00 | 0.00 | 25.00 | |||
| CNLFF | 0.45 | 0.21 | 0.00 | 4.01 | 0.00 | 0.00 | 14.57 | |||
| HYWI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LOMLF | 3.35 | (0.08) | 0.00 | (0.06) | 0.00 | 5.88 | 25.64 | |||
| ACGAF | 0.51 | 0.22 | 0.00 | (3.77) | 0.00 | 0.00 | 14.70 | |||
| GZITF | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.75 | |||
| MDGC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SKYZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Microchip Technology Corporate Management
| David Sadler | VP Controller | Profile | |
| Lauren Carr | Senior Resources | Profile | |
| Sajid Daudi | Head Relations | Profile | |
| Mathew Bunker | Senior Operations | Profile | |
| Apurva Peri | Senior Engineer | Profile |