Everspin Technologies Correlations

MRAM Stock

USD 6.75 0.19 2.74%

The current 90-days correlation between Everspin Technologies and NVE Corporation is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Everspin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Everspin Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Everspin Technologies Correlation With Market

Average diversification

The correlation between Everspin Technologies and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everspin Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Everspin Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Everspin 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 nation.

To learn how to invest in Everspin Stock, please use our How to Invest in Everspin Technologies guide.

Moving together with Everspin Stock

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

Moving against Everspin Stock

0.61	ARQQW	Arqit Quantum Warrants	Pair Corr
0.54	QMCO	Quantum	Pair Corr
0.42	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	NVEC	QUIK	MTSI	GSIT	AOSL	ATOM
NVEC		0.68	0.93	0.66	0.89	0.45	NVEC
QUIK	0.68		0.76	0.65	0.85	0.2	QUIK
MTSI	0.93	0.76		0.62	0.94	0.28	MTSI
GSIT	0.66	0.65	0.62		0.74	0.03	GSIT
AOSL	0.89	0.85	0.94	0.74		0.2	AOSL
ATOM	0.45	0.2	0.28	0.03	0.2		ATOM
	NVEC	QUIK	MTSI	GSIT	AOSL	ATOM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Everspin Stock performing well and Everspin 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 Everspin 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
NVEC	1.59	0.38	0.23	0.50	1.23	(1.87)	3.72	(2.35)	16.09
QUIK	3.36	0.18	0.07	0.23	3.62	(3.87)	8.14	(4.71)	21.60
MTSI	1.43	0.42	0.23	0.54	1.16	(1.56)	4.74	(2.27)	9.83
GSIT	3.12	1.03	0.38	1.03	2.22	(4.24)	8.97	(4.33)	17.46
AOSL	2.82	0.33	0.17	0.27	2.65	(3.35)	7.49	(5.29)	20.50
ATOM	3.70	0.11	0.07	0.18	3.92	(4.03)	8.15	(7.23)	27.35

Everspin Technologies Corporate Management

David Schrenk	Vice Development	Profile
Aparna Oka	Corporate Controller	Profile
William Cooper	Chief Officer	Profile
Kerry Nagel	Vice Technology	Profile
Matthew Tenorio	Interim Officer	Profile
Anuj Aggarwal	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