GSI Technology Correlations

GSIT Stock

USD 2.99 0.15 4.78%

The current 90-days correlation between GSI Technology and SEALSQ Corp is 0.08 (i.e., Significant diversification). The correlation of GSI Technology 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.

GSI Technology Correlation With Market

Average diversification

The correlation between GSI Technology and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GSI Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GSI 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 gross domestic product.

For more information on how to buy GSI Stock please use our How to Invest in GSI Technology guide.

Moving against GSI Stock

0.39	CTS	CTS Corporation	Pair Corr
0.33	PDFS	PDF Solutions	Pair Corr
0.46	INFY	Infosys Ltd ADR Sell-off Trend	Pair Corr
0.37	MLNK	Meridianlink	Pair Corr
0.37	PRGS	Progress Software	Pair Corr

Related Correlations Analysis

	LAES	NA	LAESV	LEDS	WKEY	WISA	IMOS	SIMO	UMC	PRSO
LAES		-0.04	0.0	0.18	0.87	0.07	-0.24	-0.06	-0.29	0.75	LAES
NA	-0.04		0.0	-0.42	-0.01	0.23	-0.17	0.17	0.23	0.21	NA
LAESV	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LAESV
LEDS	0.18	-0.42	0.0		0.24	-0.51	0.43	0.13	-0.58	-0.13	LEDS
WKEY	0.87	-0.01	0.0	0.24		0.01	-0.31	-0.01	-0.46	0.6	WKEY
WISA	0.07	0.23	0.0	-0.51	0.01		-0.56	-0.42	0.24	0.46	WISA
IMOS	-0.24	-0.17	0.0	0.43	-0.31	-0.56		0.19	-0.16	-0.37	IMOS
SIMO	-0.06	0.17	0.0	0.13	-0.01	-0.42	0.19		0.34	0.04	SIMO
UMC	-0.29	0.23	0.0	-0.58	-0.46	0.24	-0.16	0.34		0.06	UMC
PRSO	0.75	0.21	0.0	-0.13	0.6	0.46	-0.37	0.04	0.06		PRSO
	LAES	NA	LAESV	LEDS	WKEY	WISA	IMOS	SIMO	UMC	PRSO

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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

WKEY	+ 0.87	LAES
PRSO	+ 0.75	LAES
PRSO	+ 0.6	WKEY
PRSO	+ 0.46	WISA
IMOS	+ 0.43	LEDS
UMC	+ 0.34	SIMO

High negative correlations

UMC	- 0.58	LEDS
IMOS	- 0.56	WISA
WISA	- 0.51	LEDS
UMC	- 0.46	WKEY
SIMO	- 0.42	WISA
LEDS	- 0.42	NA

Risk-Adjusted Indicators

There is a big difference between GSI Stock performing well and GSI Technology 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 GSI Technology'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
LAES	16.20	5.07	0.39	(1.72)	11.10	(22.97)	60.15	(21.48)	143.29
NA	7.74	1.12	0.15	1.03	7.28	(9.62)	15.50	(13.43)	107.72
LAESV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LEDS	3.55	0.55	0.10	0.43	5.10	(3.65)	6.98	(5.59)	24.28
WKEY	12.63	3.18	0.30	(2.20)	8.88	(17.68)	36.67	(21.25)	163.77
WISA	4.26	(0.41)	0.00	0.37	0.00	0.00	10.68	(8.05)	34.97
IMOS	1.45	0.02	0.01	0.04	1.89	(1.45)	3.22	(2.94)	15.33
SIMO	2.02	0.12	0.04	0.16	2.85	(1.89)	4.76	(4.30)	14.22
UMC	1.35	(0.10)	0.00	(0.36)	0.00	0.00	2.52	(3.62)	8.20
PRSO	5.75	0.30	0.05	(0.61)	6.02	(7.09)	17.02	(10.53)	44.01

GSI Technology Corporate Management

Ping Wu	VP of U.S. Operations	Profile
Didier Lasserre	VP of Sales	Profile
Patrick Chuang	Senior Design	Profile
Douglas CPA	Chief Officer	Profile
Douglas Schirle	Chief Officer	Profile

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