Silicon Motion Correlations

SIMO Stock

USD 85.50 1.57 1.80%

The current 90-days correlation between Silicon Motion Technology and IPG Photonics is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silicon Motion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silicon Motion Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silicon Motion Correlation With Market

Very weak diversification

The correlation between Silicon Motion Technology 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 Silicon Motion Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Silicon Stock

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

Moving against Silicon Stock

0.48	DRXGF	Drax Group plc	Pair Corr
0.43	MTC	MMTEC Inc Tech Boost	Pair Corr
0.39	GKOS	Glaukos Corp	Pair Corr
0.33	COPL	Copley Acquisition Corp	Pair Corr

Related Correlations Analysis

	IPGP	DIOD	ACMR	AMBA	ACLS	SPSC	DAVE	SYNA	BL	NVTS
IPGP		0.55	0.44	0.26	0.0	0.33	0.57	0.33	-0.12	0.56	IPGP
DIOD	0.55		0.65	-0.07	0.44	0.79	0.43	0.58	-0.21	0.45	DIOD
ACMR	0.44	0.65		0.01	0.27	0.58	0.16	0.33	-0.3	0.45	ACMR
AMBA	0.26	-0.07	0.01		-0.02	0.04	0.45	-0.37	-0.23	0.08	AMBA
ACLS	0.0	0.44	0.27	-0.02		0.37	0.15	0.5	0.0	-0.39	ACLS
SPSC	0.33	0.79	0.58	0.04	0.37		0.26	0.13	-0.64	0.25	SPSC
DAVE	0.57	0.43	0.16	0.45	0.15	0.26		0.18	0.08	0.35	DAVE
SYNA	0.33	0.58	0.33	-0.37	0.5	0.13	0.18		0.5	0.16	SYNA
BL	-0.12	-0.21	-0.3	-0.23	0.0	-0.64	0.08	0.5		-0.13	BL
NVTS	0.56	0.45	0.45	0.08	-0.39	0.25	0.35	0.16	-0.13		NVTS
	IPGP	DIOD	ACMR	AMBA	ACLS	SPSC	DAVE	SYNA	BL	NVTS

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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

SPSC	+ 0.79	DIOD
ACMR	+ 0.65	DIOD
SYNA	+ 0.58	DIOD
SPSC	+ 0.58	ACMR
DAVE	+ 0.57	IPGP
NVTS	+ 0.56	IPGP

High negative correlations

BL	- 0.64	SPSC
NVTS	- 0.39	ACLS
SYNA	- 0.37	AMBA
BL	- 0.3	ACMR
BL	- 0.23	AMBA
BL	- 0.21	DIOD

Risk-Adjusted Indicators

There is a big difference between Silicon Stock performing well and Silicon Motion 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 Silicon Motion'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
IPGP	1.90	(0.15)	0.00	(0.01)	0.00	0.00	3.63	(4.10)	12.41
DIOD	2.33	(0.19)	0.00	(0.01)	0.00	0.00	5.26	(4.47)	21.15
ACMR	3.30	0.27	0.08	0.19	4.81	(3.67)	6.90	(5.81)	31.83
AMBA	2.86	(0.24)	0.00	(0.02)	0.00	0.00	5.30	(4.88)	29.85
ACLS	2.22	(0.08)	(0.01)	0.03	2.51	(2.51)	4.89	(4.60)	12.51
SPSC	1.56	(0.34)	0.00	(0.29)	0.00	0.00	2.42	(2.64)	24.69
DAVE	3.41	(0.50)	0.00	(0.05)	0.00	0.00	6.67	(6.67)	20.86
SYNA	2.30	(0.06)	0.02	0.05	2.71	(2.38)	5.38	(4.48)	11.80
BL	1.47	0.00	0.01	0.07	2.02	(1.40)	3.24	(3.79)	10.66
NVTS	6.03	0.41	0.09	0.18	5.83	(6.86)	20.60	(10.34)	40.69

Silicon Motion Corporate Management

Thomas Sepenzis	Senior Strategy	Profile
Michelle Lin	Vice Controller	Profile
Riyadh Lai	Chief Officer	Profile
ChiaChang Kou	President, Founder	Profile
Jason Tsai	Interim Finance	Profile

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