Silicon Laboratories Correlations

SLAB Stock

USD 117.05 5.98 5.38%

The current 90-days correlation between Silicon Laboratories and Diodes Incorporated is 0.84 (i.e., Very poor diversification). The correlation of Silicon Laboratories 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.

Silicon Laboratories Correlation With Market

Poor diversification

The correlation between Silicon Laboratories and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silicon Laboratories 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 Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Silicon Stock refer to our How to Trade Silicon Stock guide.

Moving together with Silicon Stock

0.98	DIOD	Diodes Incorporated Buyout Trend	Pair Corr
0.88	DQ	Daqo New Energy	Pair Corr
0.88	MU	Micron Technology Aggressive Push	Pair Corr
0.98	MX	MagnaChip Semiconductor	Pair Corr
0.89	NA	Nano Labs	Pair Corr
0.97	ON	ON Semiconductor	Pair Corr
0.8	PI	Impinj Inc	Pair Corr
0.95	VECO	Veeco Instruments	Pair Corr
0.75	ENPH	Enphase Energy	Pair Corr
0.96	ENTG	Entegris	Pair Corr
0.89	WOLF	Wolfspeed	Pair Corr
0.97	AIP	Arteris	Pair Corr
0.88	ARM	Arm Holdings plc	Pair Corr
0.97	ASX	ASE Industrial Holding	Pair Corr
0.91	CAN	Canaan Inc Earnings Call This Week	Pair Corr
0.84	KOPN	Kopin Earnings Call Tomorrow	Pair Corr
0.91	MCHP	Microchip Technology Buyout Trend	Pair Corr
0.95	MKSI	MKS Instruments	Pair Corr
0.89	MOBX	Mobix Labs	Pair Corr
0.83	MPWR	Monolithic Power Systems	Pair Corr
0.69	MRAM	Everspin Technologies	Pair Corr
0.93	MRVL	Marvell Technology	Pair Corr
0.81	MTSI	MACOM Technology Sol	Pair Corr
0.96	NVEC	NVE Corporation	Pair Corr
0.87	NVDA	NVIDIA Aggressive Push	Pair Corr
0.93	NVMI	Nova	Pair Corr
0.93	NVTS	Navitas Semiconductor	Pair Corr
0.95	NXPI	NXP Semiconductors	Pair Corr
0.79	OLED	Universal Display	Pair Corr
0.89	S	SentinelOne	Pair Corr
0.64	U	Unity Software	Pair Corr
0.8	AI	C3 Ai Inc	Pair Corr
0.97	BB	BlackBerry Aggressive Push	Pair Corr
0.62	BL	Blackline	Pair Corr
0.96	DT	Dynatrace Holdings LLC	Pair Corr
0.87	DV	DoubleVerify Holdings Downward Rally	Pair Corr
0.71	FI	Fiserv,	Pair Corr
0.63	FN	Fabrinet	Pair Corr

Moving against Silicon Stock

0.56

Global Blue Group

Pair Corr

Related Correlations Analysis

	DIOD	MTSI	FORM	AMKR	POWI	CRUS	MXL	LSCC
DIOD		0.82	0.95	0.97	0.95	0.92	0.95	0.87	DIOD
MTSI	0.82		0.9	0.88	0.76	0.79	0.87	0.63	MTSI
FORM	0.95	0.9		0.97	0.91	0.9	0.95	0.82	FORM
AMKR	0.97	0.88	0.97		0.91	0.89	0.96	0.79	AMKR
POWI	0.95	0.76	0.91	0.91		0.95	0.87	0.93	POWI
CRUS	0.92	0.79	0.9	0.89	0.95		0.83	0.92	CRUS
MXL	0.95	0.87	0.95	0.96	0.87	0.83		0.75	MXL
LSCC	0.87	0.63	0.82	0.79	0.93	0.92	0.75		LSCC
	DIOD	MTSI	FORM	AMKR	POWI	CRUS	MXL	LSCC

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Risk-Adjusted Indicators

There is a big difference between Silicon Stock performing well and Silicon Laboratories 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 Laboratories' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DIOD	2.87	(0.12)	(0.19)	4.75	(6.29)	25.29
MTSI	2.89	0.11	(0.07)	5.57	(5.87)	28.49
FORM	2.96	(0.08)	(0.16)	4.62	(6.50)	40.25
AMKR	2.74	(0.13)	(0.19)	3.78	(6.12)	31.58
POWI	2.45	0.03	(0.10)	4.58	(6.54)	22.41
CRUS	2.16	0.12	(0.05)	3.04	(6.33)	22.49
MXL	4.23	(0.31)	(0.25)	6.11	(9.52)	35.30
LSCC	3.36	0.25	(0.02)	5.96	(9.17)	32.01

Silicon Laboratories Corporate Management

Nestor JD	Chief Policy	Profile
Sandeep Kumar	Executive Officer	Profile
Robert Conrad	Senior Operations	Profile
Serena Townsend	Chief Officer	Profile
Nestor Gutierrez	Chief Policy	Profile
Sharon Hagi	Chief Security Officer	Profile
Benny Chang	Chief Products	Profile

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