MACOM Technology Correlations

MTSI Stock

USD 142.23 3.06 2.20%

The current 90-days correlation between MACOM Technology Sol and Silicon Laboratories is 0.79 (i.e., Poor diversification). The correlation of MACOM 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.

MACOM Technology Correlation With Market

Poor diversification

The correlation between MACOM Technology Solutions and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MACOM Technology Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MACOM Stock

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

Moving together with MACOM Stock

0.93	MU	Micron Technology Aggressive Push	Pair Corr
0.93	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.75	TER	Teradyne	Pair Corr
0.97	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.96	KLAC	KLA Tencor	Pair Corr
0.71	KLIC	Kulicke and Soffa	Pair Corr
0.97	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.84	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.97	NVDA	NVIDIA Aggressive Push	Pair Corr
0.85	NVMI	Nova Tech Boost	Pair Corr
0.96	ACLS	Axcelis Technologies	Pair Corr
0.88	AEHR	Aehr Test Systems Buyout Trend	Pair Corr
0.96	AMAT	Applied Materials	Pair Corr
0.75	AMBA	Ambarella Trending	Pair Corr
0.96	ASML	ASML Holding NV	Pair Corr
0.97	AVGO	Broadcom Aggressive Push	Pair Corr
0.9	CAMT	Camtek	Pair Corr
0.94	COHU	Cohu Inc	Pair Corr
0.8	U	Unity Software	Pair Corr
0.95	ZS	Zscaler	Pair Corr
0.95	ARW	Arrow Electronics	Pair Corr
0.82	CDW	CDW Corp	Pair Corr
0.94	IBM	International Business	Pair Corr
0.96	NET	Cloudflare	Pair Corr
0.91	ORCL	Oracle	Pair Corr
0.93	PANW	Palo Alto Networks	Pair Corr
0.93	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.71	PONY	Pony AI American Upward Rally	Pair Corr
0.94	QLYS	Qualys Inc	Pair Corr
0.71	ADBE	Adobe Systems	Pair Corr
0.68	SAIH	SAIHEAT Limited Symbol Change	Pair Corr
0.92	CRWD	Crowdstrike Holdings	Pair Corr

Moving against MACOM Stock

0.62	IMTE	Integrated Media Tec	Pair Corr
0.31	EHGO	Eshallgo Class A	Pair Corr
0.33	BMYMP	Bristol Myers Squibb	Pair Corr

Related Correlations Analysis

	VLN	CEVA	QUIK	SLAB	DIOD	MTSI	FORM	AMKR	POWI	CRUS
VLN		0.17	0.25	0.0	-0.06	0.12	0.09	0.04	0.1	0.22	VLN
CEVA	0.17		-0.09	-0.38	-0.36	-0.51	-0.3	-0.22	-0.09	-0.25	CEVA
QUIK	0.25	-0.09		0.75	0.75	0.69	0.79	0.79	0.81	0.81	QUIK
SLAB	0.0	-0.38	0.75		0.99	0.93	0.95	0.96	0.89	0.87	SLAB
DIOD	-0.06	-0.36	0.75	0.99		0.9	0.94	0.96	0.9	0.87	DIOD
MTSI	0.12	-0.51	0.69	0.93	0.9		0.93	0.9	0.8	0.76	MTSI
FORM	0.09	-0.3	0.79	0.95	0.94	0.93		0.97	0.92	0.81	FORM
AMKR	0.04	-0.22	0.79	0.96	0.96	0.9	0.97		0.93	0.83	AMKR
POWI	0.1	-0.09	0.81	0.89	0.9	0.8	0.92	0.93		0.79	POWI
CRUS	0.22	-0.25	0.81	0.87	0.87	0.76	0.81	0.83	0.79		CRUS
	VLN	CEVA	QUIK	SLAB	DIOD	MTSI	FORM	AMKR	POWI	CRUS

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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

DIOD	+ 0.99	SLAB
AMKR	+ 0.97	FORM
AMKR	+ 0.96	SLAB
AMKR	+ 0.96	DIOD
FORM	+ 0.95	SLAB
FORM	+ 0.94	DIOD

High negative correlations

MTSI	- 0.51	CEVA
SLAB	- 0.38	CEVA
DIOD	- 0.36	CEVA
FORM	- 0.3	CEVA
CRUS	- 0.25	CEVA
AMKR	- 0.22	CEVA

Risk-Adjusted Indicators

There is a big difference between MACOM Stock performing well and MACOM 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 MACOM 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
VLN	3.15	0.28	0.06	(0.43)	3.64	(4.11)	8.53	(4.35)	29.01
CEVA	3.02	(0.32)	0.00	(0.13)	0.00	0.00	5.78	(6.53)	40.91
QUIK	3.62	0.26	0.05	(0.66)	4.21	(4.11)	8.14	(6.93)	33.37
SLAB	2.66	0.27	0.07	0.17	3.71	(2.82)	6.62	(5.50)	26.65
DIOD	2.64	0.20	0.05	0.14	4.06	(2.68)	5.99	(6.08)	25.29
MTSI	2.19	0.35	0.11	0.22	2.97	(2.14)	5.25	(3.55)	28.49
FORM	2.92	0.16	0.05	0.09	3.59	(3.57)	5.58	(4.35)	40.25
AMKR	2.59	0.11	0.03	0.09	4.14	(2.57)	4.22	(5.47)	31.52
POWI	2.45	0.01	0.01	0.04	3.26	(2.86)	6.43	(6.21)	22.39
CRUS	1.88	0.16	0.04	(0.67)	2.87	(1.83)	3.18	(5.96)	22.49

MACOM Technology Corporate Management

Robert Dennehy	Sr. VP of Operations	Profile
Conor CMA	Vice Operations	Profile
Conor Hegarty	Principal Financial Officer and Principal Accounting Officer	Profile
Wayne Struble	Senior Technology	Profile
Stephen Ferranti	Vice Relations	Profile

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