NXP Semiconductors Correlations

NXPI Stock

USD 191.56 0.21 0.11%

The current 90-days correlation between NXP Semiconductors and Sumitomo Corp ADR is -0.29 (i.e., Very good diversification). The correlation of NXP Semiconductors 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.

NXP Semiconductors Correlation With Market

Very weak diversification

The correlation between NXP Semiconductors NV and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NXP Semiconductors NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NXP Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NXP Semiconductors NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with NXP Stock

0.83	ADI	Analog Devices Earnings Call Tomorrow	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.76	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.9	BA	Boeing	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.81	DIS	Walt Disney	Pair Corr

Moving against NXP Stock

0.78	JNJ	Johnson Johnson	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.69	MRK	Merck Company Aggressive Push	Pair Corr
0.67	XOM	Exxon Mobil Corp	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.57	FR	First Industrial Realty	Pair Corr
0.49	AXP	American Express	Pair Corr
0.48	BAC	Bank of America	Pair Corr
0.47	TRV	The Travelers Companies	Pair Corr
0.44	KB	KB Financial Group	Pair Corr
0.42	PKX	POSCO Holdings	Pair Corr
0.42	GE	GE Aerospace	Pair Corr
0.35	SWZNF	Schweizerische Nationalbank	Pair Corr

Related Correlations Analysis

	NSRSX	SSUMY	BZH	VMNFX	VRRM	SIGI	NSNCX	VMNIX	STC	PIUTQ
NSRSX		0.63	-0.47	0.13	-0.3	0.0	1.0	0.1	-0.36	0.0	NSRSX
SSUMY	0.63		-0.69	0.53	-0.64	-0.04	0.62	0.51	-0.06	0.0	SSUMY
BZH	-0.47	-0.69		-0.41	0.83	0.03	-0.45	-0.41	0.44	0.0	BZH
VMNFX	0.13	0.53	-0.41		-0.61	-0.56	0.12	0.97	0.35	0.0	VMNFX
VRRM	-0.3	-0.64	0.83	-0.61		0.26	-0.29	-0.64	0.19	0.0	VRRM
SIGI	0.0	-0.04	0.03	-0.56	0.26		0.0	-0.49	-0.24	0.0	SIGI
NSNCX	1.0	0.62	-0.45	0.12	-0.29	0.0		0.09	-0.36	0.0	NSNCX
VMNIX	0.1	0.51	-0.41	0.97	-0.64	-0.49	0.09		0.36	0.0	VMNIX
STC	-0.36	-0.06	0.44	0.35	0.19	-0.24	-0.36	0.36		0.0	STC
PIUTQ	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PIUTQ
	NSRSX	SSUMY	BZH	VMNFX	VRRM	SIGI	NSNCX	VMNIX	STC	PIUTQ

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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

NSNCX	+ 1.0	NSRSX
VMNIX	+ 0.97	VMNFX
VRRM	+ 0.83	BZH
SSUMY	+ 0.63	NSRSX
NSNCX	+ 0.62	SSUMY
VMNFX	+ 0.53	SSUMY

High negative correlations

BZH	- 0.69	SSUMY
VMNIX	- 0.64	VRRM
VRRM	- 0.64	SSUMY
VRRM	- 0.61	VMNFX
SIGI	- 0.56	VMNFX
VMNIX	- 0.49	SIGI

Risk-Adjusted Indicators

There is a big difference between NXP Stock performing well and NXP Semiconductors 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 NXP Semiconductors' 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
NSRSX	1.17	0.10	0.05	(1.06)	1.53	(1.18)	2.53	(2.70)	8.18
SSUMY	1.05	0.19	0.12	(1.32)	1.22	(1.16)	2.66	(2.10)	6.37
BZH	1.54	(0.34)	0.00	(0.21)	0.00	0.00	2.62	(3.19)	13.51
VMNFX	0.36	0.05	0.07	1.01	0.35	(0.40)	0.72	(0.65)	1.93
VRRM	1.05	(0.30)	0.00	(0.52)	0.00	0.00	2.20	(2.27)	8.22
SIGI	1.19	0.01	(0.01)	0.20	1.78	(1.08)	2.19	(2.41)	8.71
NSNCX	1.17	0.10	0.05	(0.99)	1.56	(1.18)	2.53	(2.70)	8.18
VMNIX	0.36	0.05	0.07	0.61	0.35	(0.42)	0.73	(0.65)	2.01
STC	1.40	0.04	0.02	0.07	1.64	(1.61)	2.92	(3.17)	9.26
PIUTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

NXP Semiconductors Corporate Executives

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

	William Betz	Executive CFO	Profile
	Lars Reger	Executive CTO	Profile

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