Power Integrations Correlations

POWI Stock

USD 37.51 0.92 2.39%

The current 90-days correlation between Power Integrations and Diodes Incorporated is 0.78 (i.e., Poor diversification). The correlation of Power Integrations 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.

Power Integrations Correlation With Market

Poor diversification

The correlation between Power Integrations and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Integrations and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Power Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power Integrations. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

For more detail on how to invest in Power Stock please use our How to Invest in Power Integrations guide.

Moving together with Power Stock

0.65	BKRKF	PT Bank Rakyat	Pair Corr
0.65	PPERY	Bank Mandiri Persero	Pair Corr
0.71	PBCRF	PT Bank Central	Pair Corr
0.75	PBCRY	Bank Central Asia	Pair Corr

Moving against Power Stock

0.9	FSLR	First Solar	Pair Corr
0.86	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.8	TSEM	Tower Semiconductor	Pair Corr
0.71	SEDG	SolarEdge Technologies Buyout Trend	Pair Corr
0.7	INTC	Intel	Pair Corr
0.6	TLK	Telkom Indonesia Tbk	Pair Corr
0.59	PYTCF	Playtech plc	Pair Corr
0.55	SSNLF	Samsung Electronics	Pair Corr
0.53	EONR	EON Resources	Pair Corr
0.87	FARO	FARO Technologies	Pair Corr
0.86	TR	Tootsie Roll Industries	Pair Corr
0.79	UI	Ubiquiti Networks	Pair Corr
0.75	94986RYP0	US94986RYP09	Pair Corr
0.75	RR	Richtech Robotics Class Aggressive Push	Pair Corr
0.73	WAFU	Wah Fu Education	Pair Corr
0.7	NTIP	Network 1 Technologies	Pair Corr
0.64	BMEZ	BlackRock Health Sciences	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.62	PBNAF	Pembina Pipeline	Pair Corr
0.53	SSVFF	Southern Silver Expl	Pair Corr
0.51	HWH	HWH International	Pair Corr
0.43	OXBRW	Oxbridge Re Holdings	Pair Corr
0.41	GEV	GE Vernova LLC	Pair Corr
0.34	CARV	Carver Bancorp	Pair Corr

Related Correlations Analysis

	DIOD	MTSI	CRUS	AMKR	SLAB	MXL	LASR	LSCC
DIOD		0.02	0.24	0.06	0.74	0.08	0.14	0.14	DIOD
MTSI	0.02		-0.53	-0.44	0.46	0.08	-0.69	-0.65	MTSI
CRUS	0.24	-0.53		0.93	-0.1	0.4	0.89	0.93	CRUS
AMKR	0.06	-0.44	0.93		-0.23	0.44	0.81	0.9	AMKR
SLAB	0.74	0.46	-0.1	-0.23		0.2	-0.25	-0.28	SLAB
MXL	0.08	0.08	0.4	0.44	0.2		0.37	0.35	MXL
LASR	0.14	-0.69	0.89	0.81	-0.25	0.37		0.93	LASR
LSCC	0.14	-0.65	0.93	0.9	-0.28	0.35	0.93		LSCC
	DIOD	MTSI	CRUS	AMKR	SLAB	MXL	LASR	LSCC

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

AMKR	+ 0.93	CRUS
LSCC	+ 0.93	CRUS
LSCC	+ 0.93	LASR
LSCC	+ 0.9	AMKR
LASR	+ 0.89	CRUS
LASR	+ 0.81	AMKR

High negative correlations

LASR	- 0.69	MTSI
LSCC	- 0.65	MTSI
CRUS	- 0.53	MTSI
AMKR	- 0.44	MTSI
LSCC	- 0.28	SLAB
LASR	- 0.25	SLAB

Risk-Adjusted Indicators

There is a big difference between Power Stock performing well and Power Integrations 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 Power Integrations' 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
DIOD	1.69	(0.23)	0.00	(0.06)	0.00	0.00	4.22	(3.51)	12.54
MTSI	1.65	(0.12)	0.00	(0.06)	0.00	0.00	3.37	(4.29)	11.02
CRUS	1.48	0.20	0.10	0.22	1.92	(1.55)	3.43	(3.10)	10.78
AMKR	2.09	0.49	0.22	0.55	1.71	(2.31)	5.24	(3.13)	23.88
SLAB	1.73	(0.19)	0.00	(0.03)	0.00	0.00	3.71	(2.79)	10.50
MXL	2.60	0.06	0.03	0.09	2.95	(2.75)	6.17	(5.63)	19.48
LASR	2.71	0.71	0.30	0.45	2.13	(3.57)	4.66	(4.16)	32.77
LSCC	1.85	0.45	0.25	0.40	1.46	(2.32)	4.54	(2.64)	18.62

Power Integrations Corporate Management

Radu Barsan	VP of Technology	Profile
Clifford Walker	VP of Corporate Devel. and Information Technology	Profile
Sunil Gupta	Vice Operations	Profile
YangChiah Yee	Vice Sales	Profile

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