Xperi Corp Correlations

XPER Stock

USD 7.66 0.10 1.32%

The current 90-days correlation between Xperi Corp and ADEIA P is 0.48 (i.e., Very weak diversification). The correlation of Xperi Corp 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.

Xperi Corp Correlation With Market

Very weak diversification

The correlation between Xperi Corp and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xperi Corp and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with Xperi Stock

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0.68	AMBA	Ambarella	Pair Corr
0.7	AVGO	Broadcom Aggressive Push	Pair Corr
0.64	TSEM	Tower Semiconductor	Pair Corr
0.8	VRRM	Verra Mobility Corp	Pair Corr
0.72	FRGE	Forge Global Holdings	Pair Corr
0.66	IBM	International Business Earnings Call This Week	Pair Corr
0.69	LPL	LG Display Earnings Call This Week	Pair Corr
0.71	ITRN	Ituran Location	Pair Corr
0.68	LITE	Lumentum Holdings	Pair Corr
0.89	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.72	MSFT	Microsoft	Pair Corr
0.76	AVPTW	AvePoint	Pair Corr
0.8	NTGR	NETGEAR	Pair Corr
0.67	QBTS	D Wave Quantum Aggressive Push	Pair Corr

Moving against Xperi Stock

0.59

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BAYNGR 5 15

Pair Corr

Related Correlations Analysis

	ADEA	ZETA	CWAN	ONTF	VREX	LASR	OSPN	ICHR
ADEA		0.79	-0.09	0.63	0.36	0.8	0.79	0.54	ADEA
ZETA	0.79		-0.17	0.46	0.3	0.62	0.59	0.52	ZETA
CWAN	-0.09	-0.17		0.06	0.06	-0.3	0.1	-0.22	CWAN
ONTF	0.63	0.46	0.06		0.2	0.83	0.75	-0.03	ONTF
VREX	0.36	0.3	0.06	0.2		0.24	0.5	0.38	VREX
LASR	0.8	0.62	-0.3	0.83	0.24		0.7	0.31	LASR
OSPN	0.79	0.59	0.1	0.75	0.5	0.7		0.3	OSPN
ICHR	0.54	0.52	-0.22	-0.03	0.38	0.31	0.3		ICHR
	ADEA	ZETA	CWAN	ONTF	VREX	LASR	OSPN	ICHR

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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

LASR	+ 0.83	ONTF
LASR	+ 0.8	ADEA
ZETA	+ 0.79	ADEA
OSPN	+ 0.79	ADEA
OSPN	+ 0.75	ONTF
OSPN	+ 0.7	LASR

High negative correlations

LASR	- 0.3	CWAN
ICHR	- 0.22	CWAN
CWAN	- 0.17	ZETA
CWAN	- 0.09	ADEA
ICHR	- 0.03	ONTF

Risk-Adjusted Indicators

There is a big difference between Xperi Stock performing well and Xperi Corp 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 Xperi Corp'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
ADEA	1.59	0.11	0.07	0.23	1.58	(1.95)	3.16	(2.48)	12.94
ZETA	2.86	0.22	0.11	0.25	2.75	(3.06)	6.81	(4.48)	25.43
CWAN	1.47	(0.26)	0.00	(0.08)	0.00	0.00	2.80	(3.11)	10.58
ONTF	1.56	0.01	0.03	0.14	1.54	(1.80)	3.38	(2.12)	11.18
VREX	2.80	(0.35)	0.00	(0.02)	0.00	0.00	5.88	(6.14)	29.80
LASR	3.13	1.51	0.67	1.71	1.35	(3.99)	6.94	(3.17)	40.82
OSPN	1.56	(0.06)	(0.02)	0.08	2.37	(1.61)	2.75	(2.32)	14.36
ICHR	3.08	0.15	0.06	0.19	4.81	(3.21)	8.28	(5.50)	33.78

Xperi Corp Corporate Management

Geir Skaaden	Chief Products and Services Officer	Profile
Petronel Bigioi	Chief Product	Profile
Kris Graves	Chief Human Resource Officer	Profile
Amy Brennan	Senior Communication	Profile
Rebecca Marquez	Chief Secretary	Profile

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