Silicon Motion Correlations

SIMO Stock

USD 82.52 2.36 2.94%

The current 90-days correlation between Silicon Motion Technology and Sunrun Inc is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silicon Motion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silicon Motion Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silicon Motion Correlation With Market

Very weak diversification

The correlation between Silicon Motion Technology and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silicon Motion Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Silicon Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silicon Motion Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Silicon Stock

0.61	MU	Micron Technology	Pair Corr
0.8	VECO	Veeco Instruments	Pair Corr
0.67	603061	JHT Design	Pair Corr
0.67	688515	Motorcomm Electronic	Pair Corr
0.66	688123	Giantec Semiconductor	Pair Corr
0.79	603986	GigaDevice SemiconductorBei	Pair Corr
0.69	ENTG	Entegris	Pair Corr
0.67	WOLF	Wolfspeed	Pair Corr
0.73	ARM	Arm Holdings plc	Pair Corr
0.64	CAN	Canaan Inc	Pair Corr
0.72	CVV	CVD Equipment Downward Rally	Pair Corr

Moving against Silicon Stock

0.52	300474	Changsha Jingjia Mic	Pair Corr
0.73	4DS	4DS Memory	Pair Corr
0.6	002865	Hainan Drinda Automotive	Pair Corr
0.39	300672	Goke Microelectronics	Pair Corr
0.36	SPRQ	Sparq Systems Earnings Call This Week	Pair Corr
0.36	ADI	Analog Devices Earnings Call This Week	Pair Corr
0.48	ICG	Intchains Group Tech Boost	Pair Corr
0.42	601133	BOTH Engineering Tec	Pair Corr

Related Correlations Analysis

	RUN	CVI	MUR	VVV	CRC	VAL	MGY	PBF	RIG
RUN		0.72	0.59	-0.75	-0.5	0.39	-0.63	0.45	0.49	RUN
CVI	0.72		0.84	-0.74	-0.12	0.63	-0.42	0.74	0.69	CVI
MUR	0.59	0.84		-0.69	0.06	0.54	-0.23	0.71	0.62	MUR
VVV	-0.75	-0.74	-0.69		0.6	-0.59	0.75	-0.79	-0.78	VVV
CRC	-0.5	-0.12	0.06	0.6		-0.24	0.75	-0.25	-0.36	CRC
VAL	0.39	0.63	0.54	-0.59	-0.24		-0.4	0.84	0.91	VAL
MGY	-0.63	-0.42	-0.23	0.75	0.75	-0.4		-0.5	-0.58	MGY
PBF	0.45	0.74	0.71	-0.79	-0.25	0.84	-0.5		0.93	PBF
RIG	0.49	0.69	0.62	-0.78	-0.36	0.91	-0.58	0.93		RIG
	RUN	CVI	MUR	VVV	CRC	VAL	MGY	PBF	RIG

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

RIG	+ 0.93	PBF
RIG	+ 0.91	VAL
MUR	+ 0.84	CVI
PBF	+ 0.84	VAL
MGY	+ 0.75	VVV
MGY	+ 0.75	CRC

High negative correlations

PBF	- 0.79	VVV
RIG	- 0.78	VVV
VVV	- 0.75	RUN
VVV	- 0.74	CVI
VVV	- 0.69	MUR
MGY	- 0.63	RUN

Risk-Adjusted Indicators

There is a big difference between Silicon Stock performing well and Silicon Motion 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 Silicon Motion'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
RUN	3.67	0.27	0.07	0.12	4.33	(4.23)	8.03	(6.59)	28.72
CVI	2.31	0.28	0.10	0.31	2.53	(2.61)	4.67	(4.07)	14.41
MUR	2.37	0.50	0.18	0.57	2.33	(2.73)	6.34	(3.20)	15.99
VVV	1.13	(0.40)	0.00	(0.34)	0.00	0.00	2.41	(2.72)	10.22
CRC	1.58	(0.04)	0.00	(0.03)	0.00	0.00	3.47	(4.48)	12.37
VAL	2.01	0.27	0.11	0.21	2.26	(2.31)	5.02	(3.93)	17.70
MGY	1.56	(0.05)	0.00	(0.04)	0.00	0.00	3.62	(3.97)	8.52
PBF	3.13	0.65	0.18	0.52	3.15	(3.35)	7.89	(5.69)	20.59
RIG	2.52	0.50	0.13	0.35	3.47	(2.66)	5.53	(4.05)	20.61

Silicon Motion Corporate Management

Thomas Sepenzis	Senior Strategy	Profile
Michelle Lin	Vice Controller	Profile
Riyadh Lai	Chief Officer	Profile
ChiaChang Kou	President, Founder	Profile
Jason Tsai	Interim Finance	Profile

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