Power Integrations Correlations

POWI Stock

USD 54.25 0.09 0.17%

The current 90-days correlation between Power Integrations and Diodes Incorporated is 0.77 (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

Very weak diversification

The correlation between Power Integrations and DJI is 0.51 (i.e., Very weak 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.

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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 housing.

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

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0.66	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.7	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.66	INTC	Intel Earnings Call This Week	Pair Corr
0.72	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.68	NVDA	NVIDIA Aggressive Push	Pair Corr
0.68	NVMI	Nova	Pair Corr
0.67	OLED	Universal Display	Pair Corr
0.68	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.66	AVGO	Broadcom Aggressive Push	Pair Corr
0.67	CAMT	Camtek	Pair Corr
0.71	VRRM	Verra Mobility Corp	Pair Corr
0.61	FRGE	Forge Global Holdings	Pair Corr
0.73	IBM	International Business Earnings Call This Week	Pair Corr
0.75	LPL	LG Display Earnings Call This Week	Pair Corr
0.66	LITE	Lumentum Holdings	Pair Corr
0.7	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.66	MSFT	Microsoft	Pair Corr
0.7	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.66	RDWR	Radware	Pair Corr
0.63	AAOI	Applied Opt	Pair Corr

Moving against Power Stock

0.67	ARQQW	Arqit Quantum Warrants	Pair Corr
0.52	QMCO	Quantum	Pair Corr
0.35	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	DIOD	MTSI	CRUS	AMKR	SLAB	MXL	LASR	LSCC
DIOD		0.69	0.52	0.76	0.96	0.94	0.72	0.38	DIOD
MTSI	0.69		0.88	0.95	0.68	0.47	0.95	0.64	MTSI
CRUS	0.52	0.88		0.88	0.52	0.25	0.79	0.78	CRUS
AMKR	0.76	0.95	0.88		0.71	0.56	0.9	0.75	AMKR
SLAB	0.96	0.68	0.52	0.71		0.89	0.7	0.3	SLAB
MXL	0.94	0.47	0.25	0.56	0.89		0.48	0.21	MXL
LASR	0.72	0.95	0.79	0.9	0.7	0.48		0.47	LASR
LSCC	0.38	0.64	0.78	0.75	0.3	0.21	0.47		LSCC
	DIOD	MTSI	CRUS	AMKR	SLAB	MXL	LASR	LSCC

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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	1.99	0.58	0.29	0.55	1.48	(2.28)	5.17	(2.81)	17.03
MTSI	1.43	0.42	0.23	0.54	1.16	(1.56)	4.74	(2.27)	9.83
CRUS	1.37	0.14	0.08	0.27	1.30	(1.50)	3.18	(2.24)	9.00
AMKR	1.78	0.20	0.12	0.27	1.73	(2.05)	3.82	(3.26)	11.83
SLAB	2.08	0.68	0.30	0.67	1.67	(2.43)	5.73	(2.60)	17.01
MXL	2.45	0.71	0.21	0.88	2.80	(2.88)	5.76	(4.03)	18.12
LASR	3.13	1.51	0.67	1.71	1.35	(3.99)	6.94	(3.17)	40.82
LSCC	2.43	0.09	0.07	0.18	2.63	(3.00)	5.44	(4.70)	21.11

Power Integrations Corporate Management

Radu Barsan	VP of Technology	Profile
Clifford Walker	VP of Corporate Devel. and Information Technology	Profile
Douglas Bailey	VP of Marketing	Profile
Sunil Gupta	Vice Operations	Profile

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