Semilux International Correlations

SELX Stock

1.17 0.03 2.50%

The current 90-days correlation between Semilux International and Cheche Group Class is -0.02 (i.e., Good diversification). The correlation of Semilux International 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Semilux International Correlation With Market

Significant diversification

The correlation between Semilux International Ltd and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Semilux International Ltd and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Semilux Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Semilux International Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Semilux Stock

0.75	BAH	Booz Allen Hamilton	Pair Corr
0.84	NUKK	Nukkleus	Pair Corr
0.65	CXAI	CXApp Inc	Pair Corr

Moving against Semilux Stock

0.62	KLAC	KLA Tencor	Pair Corr
0.61	LASR	nLIGHT Inc	Pair Corr
0.58	IBM	International Business	Pair Corr
0.56	AMKR	Amkor Technology Sell-off Trend	Pair Corr
0.54	LPL	LG Display	Pair Corr
0.53	GLW	Corning Incorporated	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.48	IPGP	IPG Photonics	Pair Corr
0.44	QRVO	Qorvo Inc	Pair Corr
0.4	INTC	Intel Aggressive Push	Pair Corr
0.37	UMC	United Microelectronics	Pair Corr
0.32	OLED	Universal Display	Pair Corr
0.73	PTAIF	PT Astra International	Pair Corr
0.71	CWCO	Consolidated Water	Pair Corr
0.69	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.65	UAVS	Ageagle Aerial Systems Buyout Trend	Pair Corr
0.62	NVDA	NVIDIA Aggressive Push	Pair Corr
0.47	TLK	Telkom Indonesia Tbk	Pair Corr
0.42	F	Ford Motor	Pair Corr
0.37	EML	Eastern	Pair Corr
0.73	PKX	POSCO Holdings	Pair Corr
0.67	CRWV	CoreWeave, Class A	Pair Corr

Related Correlations Analysis

	GNTX	TSLA	SWKS	SMTC	IRDM	SPHR	CCG	NTGR
GNTX		0.39	0.65	0.62	0.53	0.57	-0.21	0.54	GNTX
TSLA	0.39		0.78	0.73	0.46	0.79	-0.31	0.83	TSLA
SWKS	0.65	0.78		0.96	0.84	0.93	-0.47	0.9	SWKS
SMTC	0.62	0.73	0.96		0.89	0.95	-0.59	0.82	SMTC
IRDM	0.53	0.46	0.84	0.89		0.85	-0.68	0.62	IRDM
SPHR	0.57	0.79	0.93	0.95	0.85		-0.63	0.82	SPHR
CCG	-0.21	-0.31	-0.47	-0.59	-0.68	-0.63		-0.33	CCG
NTGR	0.54	0.83	0.9	0.82	0.62	0.82	-0.33		NTGR
	GNTX	TSLA	SWKS	SMTC	IRDM	SPHR	CCG	NTGR

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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

SMTC	+ 0.96	SWKS
SPHR	+ 0.95	SMTC
SPHR	+ 0.93	SWKS
NTGR	+ 0.9	SWKS
IRDM	+ 0.89	SMTC
SPHR	+ 0.85	IRDM

High negative correlations

CCG	- 0.68	IRDM
CCG	- 0.63	SPHR
CCG	- 0.59	SMTC
CCG	- 0.47	SWKS
NTGR	- 0.33	CCG
CCG	- 0.31	TSLA

Risk-Adjusted Indicators

There is a big difference between Semilux Stock performing well and Semilux International 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 Semilux International'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
GNTX	1.38	(0.07)	(0.06)	0.16	1.46	(1.61)	2.83	(2.60)	9.21
TSLA	3.33	0.00	0.07	0.24	3.62	(3.63)	6.94	(5.75)	36.95
SWKS	2.01	0.07	0.12	0.27	2.42	(2.16)	4.86	(2.93)	33.17
SMTC	3.10	0.37	0.16	0.40	3.40	(3.45)	8.98	(6.56)	25.87
IRDM	1.79	0.27	0.12	0.52	1.77	(2.11)	4.59	(2.59)	15.67
SPHR	2.77	0.28	0.16	0.37	2.73	(3.26)	6.05	(4.71)	26.82
CCG	2.43	0.28	(0.05)	(0.06)	2.67	(3.88)	5.19	(4.88)	33.77
NTGR	2.24	0.24	0.17	0.40	1.64	(3.01)	5.80	(2.66)	22.43

Semilux International Corporate Management

Mark Chang	Chief Engineer	Profile
Deborah Chang	Chief Officer	Profile
HsiuChen Hsu	Chief Officer	Profile
ChunNien Liu	Chief Officer	Profile

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