Monolithic Power Correlations

MPWR Stock

USD 736.06 4.39 0.59%

The current 90-days correlation between Monolithic Power Systems and Microchip Technology is 0.85 (i.e., Very poor diversification). The correlation of Monolithic Power 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.

Monolithic Power Correlation With Market

Very poor diversification

The correlation between Monolithic Power Systems and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monolithic Power Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Monolithic Stock

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

Moving together with Monolithic Stock

0.93	UMC	United Microelectronics	Pair Corr
0.75	INTC	Intel Aggressive Push	Pair Corr
0.91	KLAC	KLA Tencor	Pair Corr
0.98	OLED	Universal Display	Pair Corr
0.98	QRVO	Qorvo Inc	Pair Corr
0.94	AMKR	Amkor Technology Sell-off Trend	Pair Corr
0.71	ZM	Zoom Video Communications	Pair Corr
0.93	GLW	Corning Incorporated	Pair Corr
0.9	IBM	International Business	Pair Corr
0.91	LPL	LG Display	Pair Corr
0.95	IPGP	IPG Photonics	Pair Corr
0.88	LASR	nLIGHT Inc	Pair Corr
0.96	MSFT	Microsoft	Pair Corr
0.68	EML	Eastern	Pair Corr
0.89	TLK	Telkom Indonesia Tbk	Pair Corr
0.79	CWCO	Consolidated Water	Pair Corr
0.9	F	Ford Motor	Pair Corr
0.84	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.92	NVDA	NVIDIA Aggressive Push	Pair Corr
0.8	TSLA	Tesla Inc	Pair Corr
0.97	MS	Morgan Stanley Earnings Call This Week	Pair Corr
0.71	CTRE	CareTrust REIT	Pair Corr

Moving against Monolithic Stock

0.77	IMTE	Integrated Media Tec	Pair Corr
0.46	86562MCU2	SUMIBK 59308 13	Pair Corr
0.39	63743FZJ8	US63743FZJ82	Pair Corr

Related Correlations Analysis

	TXN	MCHP	NXPI	ON	NVTS	GFS	ADI	WOLF	LSCC	QRVO
TXN		0.99	0.96	0.97	0.82	0.91	0.99	-0.55	0.7	0.96	TXN
MCHP	0.99		0.96	0.97	0.84	0.9	0.99	-0.56	0.7	0.97	MCHP
NXPI	0.96	0.96		0.95	0.72	0.94	0.98	-0.4	0.8	0.95	NXPI
ON	0.97	0.97	0.95		0.85	0.85	0.95	-0.56	0.69	0.92	ON
NVTS	0.82	0.84	0.72	0.85		0.58	0.77	-0.79	0.33	0.75	NVTS
GFS	0.91	0.9	0.94	0.85	0.58		0.94	-0.24	0.87	0.93	GFS
ADI	0.99	0.99	0.98	0.95	0.77	0.94		-0.47	0.77	0.98	ADI
WOLF	-0.55	-0.56	-0.4	-0.56	-0.79	-0.24	-0.47		0.1	-0.41	WOLF
LSCC	0.7	0.7	0.8	0.69	0.33	0.87	0.77	0.1		0.78	LSCC
QRVO	0.96	0.97	0.95	0.92	0.75	0.93	0.98	-0.41	0.78		QRVO
	TXN	MCHP	NXPI	ON	NVTS	GFS	ADI	WOLF	LSCC	QRVO

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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

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

High negative correlations

WOLF	- 0.79	NVTS
WOLF	- 0.56	ON
WOLF	- 0.56	MCHP
WOLF	- 0.55	TXN
WOLF	- 0.47	ADI
QRVO	- 0.41	WOLF

Risk-Adjusted Indicators

There is a big difference between Monolithic Stock performing well and Monolithic Power 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 Monolithic Power'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
TXN	1.88	0.20	0.14	0.35	1.87	(2.07)	4.00	(3.06)	23.70
MCHP	2.85	0.53	0.27	0.44	2.58	(3.47)	10.16	(3.20)	40.64
NXPI	2.40	0.07	0.11	0.27	2.81	(2.84)	5.56	(4.31)	32.00
ON	3.00	0.34	0.17	0.38	3.18	(3.28)	8.88	(4.46)	33.71
NVTS	8.94	2.62	0.56	1.40	4.11	(13.84)	16.56	(7.37)	177.07
GFS	2.14	(0.05)	0.07	0.21	2.25	(2.43)	5.83	(3.50)	25.68
ADI	1.76	0.14	0.16	0.31	1.77	(2.18)	3.05	(3.05)	27.68
WOLF	13.57	0.73	0.06	0.55	16.10	(16.19)	33.59	(25.96)	118.79
LSCC	2.95	(0.04)	0.09	0.22	3.09	(3.57)	5.96	(4.83)	32.01
QRVO	2.26	0.22	0.15	0.34	2.70	(2.47)	6.01	(2.86)	33.49

Monolithic Power Corporate Executives

Elected by the shareholders, the Monolithic Power's board of directors comprises two types of representatives: Monolithic Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Monolithic. The board's role is to monitor Monolithic Power's management team and ensure that shareholders' interests are well served. Monolithic Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Monolithic Power's outside directors are responsible for providing unbiased perspectives on the board's policies.

Theodore CPA	Executive CFO	Profile
Meera Rao	CFO and Principal Accounting Officer	Profile
Theodore Blegen	Executive CFO	Profile
Bernie Blegen	CFO, Corporate Controller	Profile

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