Indie Semiconductor Correlations

INDI Stock

USD 2.23 0.01 0.45%

The current 90-days correlation between indie Semiconductor and inTest is 0.36 (i.e., Weak diversification). The correlation of Indie Semiconductor 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.

Indie Semiconductor Correlation With Market

Very weak diversification

The correlation between indie Semiconductor and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding indie Semiconductor 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 indie Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more detail on how to invest in Indie Stock please use our How to Invest in Indie Semiconductor guide.

Moving together with Indie Stock

0.85	S	SentinelOne	Pair Corr
0.62	NN	Nextnav Acquisition Corp	Pair Corr
0.78	VRNS	Varonis Systems	Pair Corr
0.86	VRNT	Verint Systems Earnings Call Tomorrow	Pair Corr
0.8	EXTR	Extreme Networks	Pair Corr
0.75	FLEX	Flex	Pair Corr
0.91	CRM	Salesforce	Pair Corr
0.9	HPE	Hewlett Packard Ente	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.85	MSI	Motorola Solutions	Pair Corr
0.88	TDC	Teradata Corp	Pair Corr
0.79	WBX	Wallbox NV	Pair Corr
0.92	ZBRA	Zebra Technologies	Pair Corr
0.72	LFUS	Littelfuse	Pair Corr
0.89	LITE	Lumentum Holdings	Pair Corr
0.7	AVPTW	AvePoint	Pair Corr
0.74	NTGR	NETGEAR	Pair Corr
0.8	PATH	Uipath Inc Earnings Call Today	Pair Corr
0.9	AIRG	Airgain	Pair Corr

Moving against Indie Stock

0.83	VRSN	VeriSign	Pair Corr
0.7	MQ	Marqeta	Pair Corr
0.49	JG	Aurora Mobile	Pair Corr
0.86	NOK	Nokia Corp ADR	Pair Corr
0.64	MLGO	MicroAlgo	Pair Corr
0.9	BRK-A	Berkshire Hathaway	Pair Corr
0.68	WM	Waste Management	Pair Corr

Related Correlations Analysis

	ACLS	INTT	LRCX	PLAB	AEHR	KLAC	KLIC	ENTG	TER
ACLS		0.54	-0.18	0.93	0.81	-0.27	0.96	0.29	0.86	ACLS
INTT	0.54		0.15	0.33	0.48	0.26	0.51	0.18	0.61	INTT
LRCX	-0.18	0.15		-0.16	-0.31	0.88	-0.15	0.71	-0.1	LRCX
PLAB	0.93	0.33	-0.16		0.77	-0.32	0.94	0.4	0.78	PLAB
AEHR	0.81	0.48	-0.31	0.77		-0.46	0.85	0.1	0.79	AEHR
KLAC	-0.27	0.26	0.88	-0.32	-0.46		-0.28	0.52	-0.14	KLAC
KLIC	0.96	0.51	-0.15	0.94	0.85	-0.28		0.37	0.9	KLIC
ENTG	0.29	0.18	0.71	0.4	0.1	0.52	0.37		0.35	ENTG
TER	0.86	0.61	-0.1	0.78	0.79	-0.14	0.9	0.35		TER
	ACLS	INTT	LRCX	PLAB	AEHR	KLAC	KLIC	ENTG	TER

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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

KLIC	+ 0.96	ACLS
KLIC	+ 0.94	PLAB
PLAB	+ 0.93	ACLS
TER	+ 0.9	KLIC
KLAC	+ 0.88	LRCX
TER	+ 0.86	ACLS

High negative correlations

KLAC	- 0.46	AEHR
KLAC	- 0.32	PLAB
AEHR	- 0.31	LRCX
KLIC	- 0.28	KLAC
KLAC	- 0.27	ACLS
LRCX	- 0.18	ACLS

Risk-Adjusted Indicators

There is a big difference between Indie Stock performing well and Indie Semiconductor 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 Indie Semiconductor'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
ACLS	1.98	(0.36)	0.00	(0.51)	0.00	0.00	3.46	(5.01)	18.06
INTT	2.51	0.01	0.00	(0.03)	0.00	0.00	5.86	(4.53)	14.26
LRCX	2.04	0.09	0.03	0.02	2.72	(2.07)	4.40	(5.09)	14.02
PLAB	1.38	(0.29)	0.00	(0.44)	0.00	0.00	2.41	(3.59)	7.31
AEHR	4.34	(0.12)	0.00	(0.18)	0.00	0.00	7.69	(7.91)	52.75
KLAC	1.69	0.21	0.08	0.12	2.33	(1.65)	4.13	(3.68)	11.35
KLIC	1.55	(0.41)	0.00	(0.51)	0.00	0.00	2.73	(4.89)	9.74
ENTG	2.03	(0.06)	0.00	(0.12)	0.00	0.00	3.84	(5.19)	11.25
TER	2.17	(0.40)	0.00	(0.47)	0.00	0.00	3.19	(5.23)	24.25

Indie Semiconductor Corporate Management

Lionel Federspiel	Executive Engineering	Profile
Vincent Wang	Executive Marketing	Profile
Audrey Wong	Chief Secretary	Profile
Steven Machuga	Chief Officer	Profile

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