Lattice Semiconductor Correlations

LSCC Stock

USD 60.67 0.13 0.21%

The current 90-days correlation between Lattice Semiconductor and Qorvo Inc is 0.02 (i.e., Significant diversification). The correlation of Lattice 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.

Lattice Semiconductor Correlation With Market

Good diversification

The correlation between Lattice Semiconductor and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lattice Semiconductor 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 Lattice 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 main economic indicators.

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

Moving against Lattice Stock

0.41	VLN	Valens	Pair Corr
0.31	FLEX	Flex	Pair Corr
0.62	MSI	Motorola Solutions	Pair Corr
0.61	TDC	Teradata Corp	Pair Corr
0.54	ZBRA	Zebra Technologies	Pair Corr
0.43	LITE	Lumentum Holdings Buyout Trend	Pair Corr
0.39	HOLOW	MicroCloud Hologram	Pair Corr
0.39	NTGR	NETGEAR	Pair Corr
0.36	CRM	Salesforce	Pair Corr
0.35	PDYN	Palladyne AI Corp Symbol Change	Pair Corr
0.54	ZCAR	Zoomcar Holdings	Pair Corr
0.43	CLFD	Clearfield	Pair Corr

Related Correlations Analysis

	QRVO	SITM	MCHP	SLAB	NXPI	ADI	ON	RMBS	AMKR	MPWR
QRVO		0.23	0.02	0.44	0.2	0.07	-0.06	0.61	0.25	0.53	QRVO
SITM	0.23		0.1	-0.25	-0.17	-0.11	0.57	0.17	0.75	-0.09	SITM
MCHP	0.02	0.1		0.34	0.58	0.9	0.38	-0.17	0.22	0.08	MCHP
SLAB	0.44	-0.25	0.34		0.77	0.48	-0.12	0.6	-0.02	0.75	SLAB
NXPI	0.2	-0.17	0.58	0.77		0.61	0.07	0.43	-0.02	0.53	NXPI
ADI	0.07	-0.11	0.9	0.48	0.61		0.04	-0.14	-0.06	0.15	ADI
ON	-0.06	0.57	0.38	-0.12	0.07	0.04		0.05	0.88	0.02	ON
RMBS	0.61	0.17	-0.17	0.6	0.43	-0.14	0.05		0.29	0.7	RMBS
AMKR	0.25	0.75	0.22	-0.02	-0.02	-0.06	0.88	0.29		0.14	AMKR
MPWR	0.53	-0.09	0.08	0.75	0.53	0.15	0.02	0.7	0.14		MPWR
	QRVO	SITM	MCHP	SLAB	NXPI	ADI	ON	RMBS	AMKR	MPWR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ADI	+ 0.9	MCHP
AMKR	+ 0.88	ON
NXPI	+ 0.77	SLAB
AMKR	+ 0.75	SITM
MPWR	+ 0.75	SLAB
MPWR	+ 0.7	RMBS

High negative correlations

SLAB	- 0.25	SITM
RMBS	- 0.17	MCHP
NXPI	- 0.17	SITM
RMBS	- 0.14	ADI
ON	- 0.12	SLAB
ADI	- 0.11	SITM

Risk-Adjusted Indicators

There is a big difference between Lattice Stock performing well and Lattice 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 Lattice 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
QRVO	1.85	0.14	0.05	0.05	2.15	(2.00)	4.00	(4.08)	19.23
SITM	3.84	(0.15)	0.00	0.14	0.00	0.00	5.63	(8.89)	33.58
MCHP	2.06	(0.03)	0.00	(0.06)	0.00	0.00	3.78	(5.01)	20.48
SLAB	1.99	0.01	0.00	(0.03)	0.00	0.00	3.25	(4.70)	16.60
NXPI	1.73	0.00	0.01	(0.08)	2.07	(2.03)	4.18	(2.94)	13.47
ADI	1.66	0.04	0.01	0.00	2.07	(1.77)	2.62	(3.66)	13.98
ON	2.34	(0.48)	0.00	(0.37)	0.00	0.00	4.34	(6.27)	13.14
RMBS	2.49	0.17	0.07	(0.89)	3.00	(2.81)	4.84	(5.28)	16.88
AMKR	1.83	(0.40)	0.00	(0.44)	0.00	0.00	3.14	(4.41)	15.35
MPWR	2.60	0.12	0.02	0.04	3.65	(2.59)	6.10	(5.25)	19.42

Lattice Semiconductor Corporate Management

Tonya Stevens	Corporate Officer	Profile
Pravinchandra Desale	Senior Development	Profile
Lorenzo Flores	Chief Officer	Profile
Mark Nelson	Senior Sales	Profile
Glenn ORourke	Senior Quality	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC