NVIDIA Correlations

NVDA Stock

USD 113.54 0.28 0.25%

The current 90-days correlation between NVIDIA and Intel is 0.1 (i.e., Average diversification). The correlation of NVIDIA 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.

NVIDIA Correlation With Market

Good diversification

The correlation between NVIDIA and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NVIDIA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NVIDIA Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NVIDIA. 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 information on how to trade NVIDIA Stock refer to our How to Trade NVIDIA Stock guide.

Moving together with NVIDIA Stock

0.84	DIOD	Diodes Incorporated Earnings Call Today	Pair Corr
0.78	DQ	Daqo New Energy	Pair Corr
0.8	MU	Micron Technology Aggressive Push	Pair Corr
0.83	MX	MagnaChip Semiconductor	Pair Corr
0.78	NA	Nano Labs	Pair Corr
0.89	ON	ON Semiconductor	Pair Corr
0.64	PI	Impinj Inc	Pair Corr
0.89	VECO	Veeco Instruments	Pair Corr
0.61	ENPH	Enphase Energy	Pair Corr
0.81	ENTG	Entegris Downward Rally	Pair Corr
0.78	WOLF	Wolfspeed Aggressive Push	Pair Corr
0.87	AIP	Arteris	Pair Corr
0.81	ARM	Arm Holdings plc	Pair Corr
0.88	ASX	ASE Industrial Holding	Pair Corr
0.8	CAN	Canaan Inc Earnings Call This Week	Pair Corr
0.61	INTC	Intel	Pair Corr
0.71	KOPN	Kopin Earnings Call This Week	Pair Corr
0.76	MCHP	Microchip Technology	Pair Corr
0.84	MKSI	MKS Instruments	Pair Corr
0.8	MOBX	Mobix Labs	Pair Corr
0.91	MPWR	Monolithic Power Systems	Pair Corr
0.71	MRAM	Everspin Technologies	Pair Corr
0.86	MRVL	Marvell Technology	Pair Corr
0.76	MTSI	MACOM Technology Sol	Pair Corr
0.88	NVEC	NVE Corporation	Pair Corr
0.87	NVMI	Nova	Pair Corr
0.86	NVTS	Navitas Semiconductor	Pair Corr
0.83	NXPI	NXP Semiconductors	Pair Corr
0.61	OLED	Universal Display Tech Boost	Pair Corr
0.82	S	SentinelOne	Pair Corr
0.76	AI	C3 Ai Inc	Pair Corr
0.89	BB	BlackBerry Aggressive Push	Pair Corr
0.88	DT	Dynatrace Holdings LLC	Pair Corr
0.85	DV	DoubleVerify Holdings Earnings Call Today	Pair Corr
0.63	FI	Fiserv,	Pair Corr
0.77	FN	Fabrinet	Pair Corr

Moving against NVIDIA Stock

0.58

Global Blue Group

Pair Corr

Related Correlations Analysis

	INTC	TSM	MRVL	MU	AMD	AVGO
INTC		0.46	0.31	0.74	0.5	0.33	INTC
TSM	0.46		0.86	0.74	0.75	0.88	TSM
MRVL	0.31	0.86		0.7	0.81	0.88	MRVL
MU	0.74	0.74	0.7		0.83	0.64	MU
AMD	0.5	0.75	0.81	0.83		0.77	AMD
AVGO	0.33	0.88	0.88	0.64	0.77		AVGO
	INTC	TSM	MRVL	MU	AMD	AVGO

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Risk-Adjusted Indicators

There is a big difference between NVIDIA Stock performing well and NVIDIA 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 NVIDIA'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
INTC	3.59	0.38	0.08	0.11	3.78	(4.94)	7.34	(6.94)	27.56
TSM	2.33	(0.09)	0.00	(0.17)	0.00	0.00	4.04	(4.80)	17.09
MRVL	3.85	(0.80)	0.00	3.39	0.00	0.00	6.17	(11.17)	35.12
MU	3.51	(0.09)	0.00	0.50	0.00	0.00	6.23	(8.04)	28.86
AMD	2.84	(0.20)	0.00	0.48	0.00	0.00	4.79	(7.35)	32.23
AVGO	2.95	(0.07)	0.00	(25.48)	0.00	0.00	5.59	(6.33)	25.60

NVIDIA Corporate Management

Ajay Puri	Executive VP of Worldwide Field Operations	Profile
Mylene Mangalindan	VP Communications	Profile
Timothy JD	General VP	Profile
Prof Dally	Chief Research	Profile
Brian Kelleher	Senior Engineering	Profile
JD CFA	Vice Relations	Profile

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