Indie Semiconductor Correlations

INDI Stock

USD 4.68 0.24 4.88%

The current 90-days correlation between indie Semiconductor and Aehr Test Systems is 0.55 (i.e., Very weak diversification). The correlation of Indie Semiconductor 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.

Indie Semiconductor Correlation With Market

Weak diversification

The correlation between indie Semiconductor and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding indie Semiconductor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Indie Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in indie Semiconductor. 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 Indie Stock please use our How to Invest in Indie Semiconductor guide.

Moving together with Indie Stock

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

Moving against Indie Stock

0.72	ARQQW	Arqit Quantum Warrants	Pair Corr
0.33	MAPSW	WM Technology	Pair Corr
0.61	QMCO	Quantum	Pair Corr
0.34	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	ACLS	AEHR	AEVA	AMBA	INTT	MVST	NVTS	OUST	QSI
ACLS		0.88	0.92	0.81	0.81	0.73	0.78	0.89	0.85	ACLS
AEHR	0.88		0.9	0.7	0.88	0.54	0.78	0.93	0.78	AEHR
AEVA	0.92	0.9		0.75	0.86	0.74	0.85	0.94	0.9	AEVA
AMBA	0.81	0.7	0.75		0.59	0.55	0.48	0.71	0.77	AMBA
INTT	0.81	0.88	0.86	0.59		0.47	0.73	0.89	0.68	INTT
MVST	0.73	0.54	0.74	0.55	0.47		0.82	0.6	0.84	MVST
NVTS	0.78	0.78	0.85	0.48	0.73	0.82		0.8	0.86	NVTS
OUST	0.89	0.93	0.94	0.71	0.89	0.6	0.8		0.79	OUST
QSI	0.85	0.78	0.9	0.77	0.68	0.84	0.86	0.79		QSI
	ACLS	AEHR	AEVA	AMBA	INTT	MVST	NVTS	OUST	QSI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Indie Stock performing well and Indie Semiconductor 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 Indie Semiconductor'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
ACLS	2.33	0.44	0.20	0.41	2.18	(2.73)	6.44	(4.54)	13.36
AEHR	3.64	0.70	0.21	0.43	3.52	(4.20)	9.25	(5.17)	26.55
AEVA	6.28	2.23	0.28	0.87	6.88	(7.04)	15.05	(10.77)	42.39
AMBA	2.55	0.49	0.18	0.40	2.98	(3.20)	6.80	(3.42)	23.83
INTT	2.50	0.36	0.07	5.43	2.81	(2.72)	6.42	(4.95)	17.10
MVST	4.94	1.21	0.25	5.10	3.94	(6.45)	14.21	(6.23)	40.27
NVTS	8.67	3.05	0.65	1.40	3.83	(12.78)	14.14	(6.99)	177.07
OUST	4.77	2.23	0.60	1.62	3.06	(6.50)	10.25	(5.93)	37.77
QSI	4.85	0.31	0.12	0.22	4.65	(6.46)	13.94	(7.29)	34.33

Indie Semiconductor Corporate Management

Lionel Federspiel	Executive Engineering	Profile
Vincent Wang	Executive Marketing	Profile
Audrey Wong	Chief Secretary	Profile
Robert Bloomquist	Executive Sales	Profile
Steven Machuga	Chief Officer	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