Himax Technologies Correlations

HIMX Stock

USD 9.50 0.09 0.94%

The current 90-days correlation between Himax Technologies and Ambarella is 0.65 (i.e., Poor diversification). The correlation of Himax Technologies 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.

Himax Technologies Correlation With Market

Very weak diversification

The correlation between Himax Technologies and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Himax Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Himax Stock

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

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

Moving together with Himax Stock

0.95	MU	Micron Technology	Pair Corr
0.95	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.99	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.78	INTC	Intel Earnings Call This Week	Pair Corr
0.93	MRVL	Marvell Technology	Pair Corr
0.98	NVDA	NVIDIA Aggressive Push	Pair Corr
0.87	NVMI	Nova	Pair Corr
0.88	OLED	Universal Display	Pair Corr
0.97	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.83	AMBA	Ambarella	Pair Corr
0.97	AVGO	Broadcom Aggressive Push	Pair Corr
0.91	TSEM	Tower Semiconductor Tech Boost	Pair Corr
0.88	CAMT	Camtek	Pair Corr
0.92	VRRM	Verra Mobility Corp	Pair Corr
0.71	ENLV	Enlivex Therapeutics	Pair Corr
0.87	FRGE	Forge Global Holdings	Pair Corr
0.94	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.94	LPL	LG Display Earnings Call Tomorrow	Pair Corr
0.61	GILT	Gilat Satellite Networks	Pair Corr
0.84	ITRN	Ituran Location	Pair Corr
0.98	LITE	Lumentum Holdings Tech Boost	Pair Corr
0.84	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.98	MSFT	Microsoft Aggressive Push	Pair Corr
0.77	AVPTW	AvePoint	Pair Corr
0.69	NTGR	NETGEAR Earnings Call This Week	Pair Corr
0.78	RGTIW	Rigetti Computing Trending	Pair Corr
0.82	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.93	QUBT	Quantum Computing	Pair Corr
0.87	RDWR	Radware Earnings Call This Week	Pair Corr
0.79	RGTI	Rigetti Computing Downward Rally	Pair Corr
0.9	AAOI	Applied Opt	Pair Corr

Moving against Himax Stock

0.62	ARQQW	Arqit Quantum Warrants	Pair Corr
0.35	MAPSW	WM Technology	Pair Corr
0.5	QMCO	Quantum	Pair Corr
0.38	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	AMBA	ASX	IMOS	LEDS	ON	SIMO	UMC	VUZI
AMBA		0.86	0.71	0.31	0.73	0.82	0.73	0.45	AMBA
ASX	0.86		0.87	0.47	0.93	0.95	0.91	0.68	ASX
IMOS	0.71	0.87		0.7	0.77	0.92	0.89	0.86	IMOS
LEDS	0.31	0.47	0.7		0.47	0.6	0.54	0.81	LEDS
ON	0.73	0.93	0.77	0.47		0.9	0.8	0.64	ON
SIMO	0.82	0.95	0.92	0.6	0.9		0.93	0.78	SIMO
UMC	0.73	0.91	0.89	0.54	0.8	0.93		0.76	UMC
VUZI	0.45	0.68	0.86	0.81	0.64	0.78	0.76		VUZI
	AMBA	ASX	IMOS	LEDS	ON	SIMO	UMC	VUZI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Himax Stock performing well and Himax Technologies 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 Himax Technologies' 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
AMBA	2.55	0.48	0.18	0.39	2.98	(3.19)	6.80	(3.42)	23.83
ASX	1.35	0.24	0.17	0.36	1.18	(1.59)	4.04	(2.41)	9.20
IMOS	1.65	0.10	0.06	0.22	1.93	(1.62)	3.73	(3.22)	8.55
LEDS	3.55	(0.19)	0.00	(0.01)	0.00	0.00	5.76	(6.04)	35.97
ON	2.42	0.63	0.26	0.53	2.14	(2.87)	6.14	(3.70)	17.47
SIMO	1.96	0.73	0.50	0.63	0.98	(2.48)	5.97	(2.11)	12.51
UMC	1.38	0.15	0.05	0.40	1.42	(1.61)	3.29	(2.85)	9.03
VUZI	4.56	0.38	0.12	0.31	4.24	(5.38)	12.55	(7.19)	32.84

Himax Technologies Corporate Management

MingFeng Pan	Chief Officer	Profile
Greg Falesnik	Managing Representative	Profile
TzungI Li	Chief Spokesperson	Profile
Karen Tiao	Head Spokesperson	Profile
Chang Hsien	Vice Operations	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