Synaptics Incorporated Correlations

SYNA Stock

USD 67.09 0.19 0.28%

The current 90-days correlation between Synaptics Incorporated and Allegro Microsystems is 0.68 (i.e., Poor diversification). The correlation of Synaptics Incorporated 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.

Synaptics Incorporated Correlation With Market

Poor diversification

The correlation between Synaptics Incorporated and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synaptics Incorporated and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Synaptics Stock

0.87	MU	Micron Technology	Pair Corr
0.85	AMD	Advanced Micro Devices	Pair Corr
0.9	TSM	Taiwan Semiconductor	Pair Corr
0.83	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.87	MRVL	Marvell Technology	Pair Corr
0.88	NVDA	NVIDIA	Pair Corr
0.77	NVMI	Nova	Pair Corr
0.93	OLED	Universal Display Earnings Call This Week	Pair Corr
0.96	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.84	AMBA	Ambarella	Pair Corr
0.89	AVGO	Broadcom	Pair Corr
0.84	TSEM	Tower Semiconductor	Pair Corr
0.79	CAMT	Camtek Earnings Call This Week	Pair Corr
0.9	VRRM	Verra Mobility Corp	Pair Corr
0.68	ENLV	Enlivex Therapeutics	Pair Corr
0.86	FRGE	Forge Global Holdings	Pair Corr
0.86	IBM	International Business Earnings Call Today	Pair Corr
0.88	LPL	LG Display Earnings Call Today	Pair Corr
0.61	GILT	Gilat Satellite Networks	Pair Corr
0.84	ITRN	Ituran Location	Pair Corr
0.89	LITE	Lumentum Holdings	Pair Corr
0.88	MITK	Mitek Systems Earnings Call Tomorrow	Pair Corr
0.92	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.69	AVPTW	AvePoint	Pair Corr
0.74	NTGR	NETGEAR Earnings Call This Week	Pair Corr
0.67	RGTIW	Rigetti Computing Downward Rally	Pair Corr
0.7	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.79	QUBT	Quantum Computing Downward Rally	Pair Corr
0.79	RDWR	Radware Earnings Call This Week	Pair Corr
0.67	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.84	AAOI	Applied Opt	Pair Corr

Moving against Synaptics Stock

0.54	ARQQW	Arqit Quantum Warrants	Pair Corr
0.51	07274NBG7	BAYNGR 5 15	Pair Corr
0.45	QMCO	Quantum	Pair Corr

Related Correlations Analysis

	MCHP	ALGM	QRVO	MPWR	SWKS	LSCC	NXPI	MTSI	SLAB	POWI
MCHP		0.98	0.97	0.91	0.93	0.63	0.96	0.97	0.96	0.87	MCHP
ALGM	0.98		0.95	0.89	0.89	0.59	0.95	0.96	0.95	0.82	ALGM
QRVO	0.97	0.95		0.95	0.96	0.7	0.94	0.95	0.94	0.86	QRVO
MPWR	0.91	0.89	0.95		0.96	0.66	0.89	0.91	0.94	0.83	MPWR
SWKS	0.93	0.89	0.96	0.96		0.7	0.91	0.93	0.93	0.89	SWKS
LSCC	0.63	0.59	0.7	0.66	0.7		0.73	0.61	0.59	0.76	LSCC
NXPI	0.96	0.95	0.94	0.89	0.91	0.73		0.91	0.92	0.9	NXPI
MTSI	0.97	0.96	0.95	0.91	0.93	0.61	0.91		0.96	0.83	MTSI
SLAB	0.96	0.95	0.94	0.94	0.93	0.59	0.92	0.96		0.83	SLAB
POWI	0.87	0.82	0.86	0.83	0.89	0.76	0.9	0.83	0.83		POWI
	MCHP	ALGM	QRVO	MPWR	SWKS	LSCC	NXPI	MTSI	SLAB	POWI

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Risk-Adjusted Indicators

There is a big difference between Synaptics Stock performing well and Synaptics Incorporated 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 Synaptics Incorporated'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
MCHP	2.15	0.86	0.58	0.79	0.83	(2.77)	6.40	(2.54)	15.85
ALGM	2.49	0.67	0.33	0.48	1.99	(3.11)	7.71	(3.60)	16.88
QRVO	1.52	0.48	0.35	0.58	0.88	(1.85)	3.78	(2.31)	17.45
MPWR	1.96	0.51	0.15	(1.72)	1.75	(2.40)	4.99	(3.08)	17.55
SWKS	1.32	0.24	0.18	0.38	1.06	(1.50)	3.90	(2.63)	10.34
LSCC	2.39	0.08	0.08	0.21	2.56	(2.93)	5.44	(3.94)	21.11
NXPI	1.86	0.27	0.15	0.38	1.81	(2.29)	4.49	(2.63)	13.96
MTSI	1.46	0.36	0.20	0.53	1.23	(1.59)	4.74	(2.51)	9.83
SLAB	2.03	0.74	0.25	(34.09)	1.70	(2.38)	5.73	(2.60)	17.01
POWI	1.99	0.07	0.06	0.21	2.08	(2.29)	4.58	(4.32)	15.27

Synaptics Incorporated Corporate Management

Lisa Bodensteiner	Chief VP	Profile
Lisa JD	Chief VP	Profile
Esther Song	Corporate CP	Profile
Craig Stein	VP Division	Profile
Rahul Patel	Chief Officer	Profile
Michael Brooker	Senior Officer	Profile

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