MACOM Technology Correlations

MTSI Stock

USD 136.79 0.59 0.43%

The current 90-days correlation between MACOM Technology Sol and Silicon Laboratories is -0.35 (i.e., Very good diversification). The correlation of MACOM Technology 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.

MACOM Technology Correlation With Market

Very good diversification

The correlation between MACOM Technology Solutions and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MACOM Technology Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MACOM Stock

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

Moving together with MACOM Stock

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

Moving against MACOM Stock

0.54	ARQQW	Arqit Quantum Warrants	Pair Corr
0.43	MAPSW	WM Technology	Pair Corr
0.48	QMCO	Quantum	Pair Corr
0.41	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	SLAB	POWI	DIOD	MXL	AMKR	SMTC	MPWR	SITM
SLAB		0.92	0.97	0.89	0.96	0.96	0.95	0.94	SLAB
POWI	0.92		0.93	0.83	0.94	0.91	0.93	0.85	POWI
DIOD	0.97	0.93		0.94	0.98	0.97	0.94	0.9	DIOD
MXL	0.89	0.83	0.94		0.92	0.92	0.85	0.78	MXL
AMKR	0.96	0.94	0.98	0.92		0.96	0.94	0.87	AMKR
SMTC	0.96	0.91	0.97	0.92	0.96		0.96	0.91	SMTC
MPWR	0.95	0.93	0.94	0.85	0.94	0.96		0.93	MPWR
SITM	0.94	0.85	0.9	0.78	0.87	0.91	0.93		SITM
	SLAB	POWI	DIOD	MXL	AMKR	SMTC	MPWR	SITM

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Risk-Adjusted Indicators

There is a big difference between MACOM Stock performing well and MACOM Technology 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 MACOM Technology'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
SLAB	2.31	0.32	0.17	0.42	2.42	(2.60)	6.62	(2.63)	26.65
POWI	2.31	0.07	0.09	0.30	2.29	(2.79)	6.43	(4.32)	22.39
DIOD	2.33	0.36	0.17	0.46	2.34	(2.56)	5.99	(3.55)	25.29
MXL	2.88	1.03	0.14	(0.77)	3.24	(3.37)	5.76	(4.14)	35.30
AMKR	2.29	0.05	0.12	0.27	2.38	(2.64)	4.22	(3.55)	31.52
SMTC	3.01	0.45	0.20	0.46	2.92	(3.45)	8.98	(5.00)	25.87
MPWR	2.66	0.11	0.16	0.29	2.75	(3.14)	8.15	(3.26)	37.16
SITM	3.03	0.25	0.15	0.34	3.75	(3.42)	7.69	(4.65)	44.02

MACOM Technology Corporate Management

Robert Dennehy	Sr. VP of Operations	Profile
Conor CMA	Vice Operations	Profile
Conor Hegarty	Principal Financial Officer and Principal Accounting Officer	Profile
Wayne Struble	Senior Technology	Profile
Stephen Ferranti	Vice Relations	Profile

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