Semtech Correlations

SMTC Stock

USD 53.62 2.75 5.41%

The current 90-days correlation between Semtech and Silicon Laboratories is 0.11 (i.e., Average diversification). The correlation of Semtech 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.

Semtech Correlation With Market

Significant diversification

The correlation between Semtech and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Semtech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Semtech Stock

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

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

Moving together with Semtech Stock

0.71	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.65	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.61	INTC	Intel Earnings Call This Week	Pair Corr
0.7	NVDA	NVIDIA Aggressive Push	Pair Corr
0.64	NVMI	Nova	Pair Corr
0.62	AVGO	Broadcom Aggressive Push	Pair Corr
0.63	CAMT	Camtek	Pair Corr
0.62	IBM	International Business Earnings Call This Week	Pair Corr
0.63	LITE	Lumentum Holdings	Pair Corr
0.62	MSFT	Microsoft	Pair Corr
0.62	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.66	AAOI	Applied Opt	Pair Corr

Moving against Semtech Stock

0.58	ARQQW	Arqit Quantum Warrants	Pair Corr
0.43	QMCO	Quantum	Pair Corr

Related Correlations Analysis

	SLAB	MXL	POWI	DIOD	LSCC	MTSI
SLAB		0.55	0.89	0.74	0.66	0.97	SLAB
MXL	0.55		0.44	0.94	0.32	0.58	MXL
POWI	0.89	0.44		0.67	0.79	0.86	POWI
DIOD	0.74	0.94	0.67		0.46	0.76	DIOD
LSCC	0.66	0.32	0.79	0.46		0.64	LSCC
MTSI	0.97	0.58	0.86	0.76	0.64		MTSI
	SLAB	MXL	POWI	DIOD	LSCC	MTSI

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Risk-Adjusted Indicators

There is a big difference between Semtech Stock performing well and Semtech 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 Semtech'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
SLAB	2.00	0.58	0.28	0.52	1.63	(2.33)	5.73	(2.60)	17.01
MXL	2.43	0.89	0.20	(1.84)	2.75	(2.88)	5.76	(4.03)	18.12
POWI	2.01	0.10	0.07	0.20	2.11	(2.36)	4.58	(4.32)	15.27
DIOD	1.97	0.74	0.29	16.15	1.45	(2.28)	5.17	(2.81)	17.03
LSCC	2.43	0.09	0.07	0.18	2.63	(3.00)	5.44	(4.70)	21.11
MTSI	1.43	0.42	0.23	0.54	1.16	(1.56)	4.74	(2.27)	9.83

Semtech Corporate Management

Michael Rodensky	Senior Sales	Profile
Tom Mueller	Executive Group	Profile
Francois Tremblay	CTO Group	Profile
Julie McGee	VP Officer	Profile
Jeffrey Gutierrez	Secretary	Profile

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