SemiLEDS Correlations

LEDS Stock

USD 1.92 0.13 7.26%

The current 90-days correlation between SemiLEDS and Wisekey International Holding is 0.16 (i.e., Average diversification). The correlation of SemiLEDS 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.

SemiLEDS Correlation With Market

Modest diversification

The correlation between SemiLEDS and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SemiLEDS and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in SemiLEDS. 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 information on how to buy SemiLEDS Stock please use our How to Invest in SemiLEDS guide.

Moving together with SemiLEDS Stock

0.73

HIMX

Himax Technologies

Pair Corr

Moving against SemiLEDS Stock

0.8	PI	Impinj Inc	Pair Corr
0.74	ON	ON Semiconductor	Pair Corr
0.74	XPER	Xperi Corp	Pair Corr
0.73	FORM	FormFactor	Pair Corr
0.7	ENPH	Enphase Energy	Pair Corr
0.69	NA	Nano Labs	Pair Corr
0.69	FSLR	First Solar	Pair Corr
0.68	DIOD	Diodes Incorporated	Pair Corr
0.68	VECO	Veeco Instruments	Pair Corr
0.65	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.65	CAN	Canaan Inc	Pair Corr
0.64	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.63	JKS	JinkoSolar Holding	Pair Corr
0.54	ICG	Intchains Group	Pair Corr
0.54	TER	Teradyne	Pair Corr
0.5	FTCI	FTC Solar	Pair Corr
0.48	WOLF	Wolfspeed	Pair Corr
0.46	MXL	MaxLinear	Pair Corr
0.39	GFS	Globalfoundries Sell-off Trend	Pair Corr
0.33	AIP	Arteris	Pair Corr
0.33	TRT	Trio Tech International	Pair Corr
0.7	KLIC	Kulicke and Soffa	Pair Corr
0.7	MAXN	Maxeon Solar Technologies Downward Rally	Pair Corr
0.62	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.59	MRAM	Everspin Technologies	Pair Corr
0.57	INDI	indie Semiconductor	Pair Corr
0.57	NVEC	NVE Corporation	Pair Corr
0.53	MOBX	Mobix Labs	Pair Corr
0.5	MTSI	MACOM Technology Sol	Pair Corr
0.44	MRVL	Marvell Technology	Pair Corr
0.34	MKSI	MKS Instruments	Pair Corr

Related Correlations Analysis

	WKEY	GSIT	LAES	WISA	ASX	SIMO	HIMX	UMC	NA	LAESV
WKEY		0.35	0.78	0.57	0.27	-0.01	-0.16	-0.24	0.58	0.0	WKEY
GSIT	0.35		0.44	0.34	0.77	0.27	0.35	-0.3	0.28	0.0	GSIT
LAES	0.78	0.44		0.44	0.28	-0.08	-0.15	0.01	0.33	0.0	LAES
WISA	0.57	0.34	0.44		0.32	-0.13	-0.42	-0.26	0.71	0.0	WISA
ASX	0.27	0.77	0.28	0.32		0.43	0.44	-0.14	0.21	0.0	ASX
SIMO	-0.01	0.27	-0.08	-0.13	0.43		0.14	0.33	0.21	0.0	SIMO
HIMX	-0.16	0.35	-0.15	-0.42	0.44	0.14		-0.42	-0.43	0.0	HIMX
UMC	-0.24	-0.3	0.01	-0.26	-0.14	0.33	-0.42		-0.07	0.0	UMC
NA	0.58	0.28	0.33	0.71	0.21	0.21	-0.43	-0.07		0.0	NA
LAESV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LAESV
	WKEY	GSIT	LAES	WISA	ASX	SIMO	HIMX	UMC	NA	LAESV

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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

LAES	+ 0.78	WKEY
ASX	+ 0.77	GSIT
NA	+ 0.71	WISA
NA	+ 0.58	WKEY
WISA	+ 0.57	WKEY
LAES	+ 0.44	GSIT

High negative correlations

NA	- 0.43	HIMX
UMC	- 0.42	HIMX
HIMX	- 0.42	WISA
UMC	- 0.3	GSIT
UMC	- 0.26	WISA
UMC	- 0.24	WKEY

Risk-Adjusted Indicators

There is a big difference between SemiLEDS Stock performing well and SemiLEDS 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 SemiLEDS'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
WKEY	12.93	3.14	0.31	19.24	9.40	(18.11)	36.67	(21.25)	163.77
GSIT	4.53	0.26	0.03	0.05	5.60	(4.77)	7.59	(10.79)	55.45
LAES	16.24	5.86	0.43	6.60	11.57	(22.00)	60.15	(21.48)	143.29
WISA	4.31	(1.04)	0.00	0.96	0.00	0.00	10.68	(8.05)	34.97
ASX	1.98	0.08	0.00	(0.02)	0.00	0.00	3.80	(3.85)	14.62
SIMO	2.15	0.03	0.00	(0.06)	0.00	0.00	4.76	(4.93)	13.69
HIMX	5.30	1.02	0.13	0.31	6.61	(6.06)	10.63	(8.00)	72.71
UMC	1.52	0.06	0.05	0.02	2.04	(1.55)	3.58	(3.62)	8.20
NA	5.19	(0.74)	0.00	(3.59)	0.00	0.00	9.87	(10.12)	31.77
LAESV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

SemiLEDS Corporate Executives

Elected by the shareholders, the SemiLEDS's board of directors comprises two types of representatives: SemiLEDS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SemiLEDS. The board's role is to monitor SemiLEDS's management team and ensure that shareholders' interests are well served. SemiLEDS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SemiLEDS's outside directors are responsible for providing unbiased perspectives on the board's policies.

HsinLiang Lee

CFO Secretary

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