Analog Devices Correlations

ADI Stock

USD 241.85 0.88 0.37%

The current 90-days correlation between Analog Devices and NXP Semiconductors NV is 0.85 (i.e., Very poor diversification). The correlation of Analog Devices 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.

Analog Devices Correlation With Market

Poor diversification

The correlation between Analog Devices and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Analog Devices and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Analog Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Analog Devices. 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 detail on how to invest in Analog Stock please use our How to Invest in Analog Devices guide.

Moving together with Analog Stock

0.95	MU	Micron Technology	Pair Corr
0.92	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.97	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.8	INTC	Intel Earnings Call This Week	Pair Corr
0.93	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.95	NVDA	NVIDIA Aggressive Push	Pair Corr
0.84	NVMI	Nova	Pair Corr
0.93	OLED	Universal Display	Pair Corr
0.98	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.85	AMBA	Ambarella	Pair Corr
0.96	AVGO	Broadcom Aggressive Push	Pair Corr
0.91	TSEM	Tower Semiconductor	Pair Corr
0.85	CAMT	Camtek	Pair Corr
0.94	VRRM	Verra Mobility Corp	Pair Corr
0.69	ENLV	Enlivex Therapeutics	Pair Corr
0.89	FRGE	Forge Global Holdings	Pair Corr
0.94	IBM	International Business Earnings Call This Week	Pair Corr
0.94	LPL	LG Display Earnings Call This Week	Pair Corr
0.86	ITRN	Ituran Location	Pair Corr
0.96	LITE	Lumentum Holdings	Pair Corr
0.91	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.96	MSFT	Microsoft	Pair Corr
0.79	AVPTW	AvePoint	Pair Corr
0.76	NTGR	NETGEAR	Pair Corr
0.73	RGTIW	Rigetti Computing Trending	Pair Corr
0.79	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.9	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.86	RDWR	Radware	Pair Corr
0.74	RGTI	Rigetti Computing Trending	Pair Corr
0.89	AAOI	Applied Opt	Pair Corr

Moving against Analog Stock

0.58	ARQQW	Arqit Quantum Warrants	Pair Corr
0.33	MAPSW	WM Technology	Pair Corr
0.49	QMCO	Quantum	Pair Corr
0.46	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	NXPI	QCOM	AVGO	MCHP	ON	LSCC	QRVO	WOLF	TXN	MPWR
NXPI		0.95	0.92	0.95	0.94	0.75	0.95	-0.47	0.97	0.91	NXPI
QCOM	0.95		0.85	0.9	0.87	0.67	0.88	-0.51	0.91	0.86	QCOM
AVGO	0.92	0.85		0.98	0.94	0.58	0.96	-0.63	0.98	0.92	AVGO
MCHP	0.95	0.9	0.98		0.96	0.63	0.96	-0.6	0.99	0.94	MCHP
ON	0.94	0.87	0.94	0.96		0.65	0.92	-0.6	0.97	0.83	ON
LSCC	0.75	0.67	0.58	0.63	0.65		0.73	0.07	0.68	0.68	LSCC
QRVO	0.95	0.88	0.96	0.96	0.92	0.73		-0.47	0.97	0.95	QRVO
WOLF	-0.47	-0.51	-0.63	-0.6	-0.6	0.07	-0.47		-0.58	-0.4	WOLF
TXN	0.97	0.91	0.98	0.99	0.97	0.68	0.97	-0.58		0.92	TXN
MPWR	0.91	0.86	0.92	0.94	0.83	0.68	0.95	-0.4	0.92		MPWR
	NXPI	QCOM	AVGO	MCHP	ON	LSCC	QRVO	WOLF	TXN	MPWR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TXN	+ 0.99	MCHP
MCHP	+ 0.98	AVGO
TXN	+ 0.98	AVGO
TXN	+ 0.97	NXPI
TXN	+ 0.97	ON
TXN	+ 0.97	QRVO

High negative correlations

WOLF	- 0.63	AVGO
WOLF	- 0.6	ON
WOLF	- 0.6	MCHP
TXN	- 0.58	WOLF
WOLF	- 0.51	QCOM
WOLF	- 0.47	QRVO

Risk-Adjusted Indicators

There is a big difference between Analog Stock performing well and Analog Devices 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 Analog Devices' 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
NXPI	1.88	0.29	0.15	0.35	1.84	(2.28)	4.49	(2.63)	13.96
QCOM	1.29	0.05	0.02	0.18	1.84	(1.36)	3.41	(2.51)	13.73
AVGO	1.66	0.57	0.32	0.63	1.25	(1.95)	4.32	(2.80)	11.43
MCHP	2.16	0.98	0.57	2.33	0.87	(2.79)	6.40	(2.54)	15.85
ON	2.41	0.65	0.27	0.54	2.14	(2.81)	6.14	(3.70)	17.47
LSCC	2.43	0.09	0.07	0.18	2.63	(3.00)	5.44	(4.70)	21.11
QRVO	1.55	0.48	0.33	0.53	1.01	(1.85)	3.78	(2.31)	17.45
WOLF	13.39	2.30	0.09	(0.30)	15.82	(16.33)	33.59	(25.96)	118.79
TXN	1.38	0.40	0.33	0.43	0.74	(1.65)	3.95	(2.17)	11.52
MPWR	1.95	0.51	0.17	(1.76)	1.75	(2.35)	4.99	(3.08)	17.55

Analog Devices Corporate Management

Stephanie Sidelko	Vice Officer	Profile
Gregory Henderson	Energy, Automotive	Profile
Michael Sondel	Chief Accounting Officer and Principal Accounting Officer	Profile
Patrick ODoherty	Senior Healthcare	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC