Monolithic Power Correlations

MPWR Stock

USD 560.24 11.84 2.07%

The current 90-days correlation between Monolithic Power Systems and Synaptics Incorporated is 0.54 (i.e., Very weak diversification). The correlation of Monolithic Power 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.

Monolithic Power Correlation With Market

Weak diversification

The correlation between Monolithic Power Systems and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monolithic Power Systems 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 Monolithic Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Monolithic Stock

0.89	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.82	ADI	Analog Devices	Pair Corr
0.95	MCHP	Microchip Technology	Pair Corr
0.66	NXPI	NXP Semiconductors	Pair Corr
0.88	QRVO	Qorvo Inc	Pair Corr
0.86	AMKR	Amkor Technology	Pair Corr
0.76	SLAB	Silicon Laboratories	Pair Corr
0.85	SWKS	Skyworks Solutions	Pair Corr
0.95	CDW	CDW Corp	Pair Corr

Moving against Monolithic Stock

0.89	CAN	Canaan Inc Aggressive Push	Pair Corr
0.79	RMBS	Rambus Inc	Pair Corr
0.6	SITM	Sitime	Pair Corr
0.5	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.88	NN	Nextnav Acquisition Corp	Pair Corr
0.88	APP	Applovin Corp	Pair Corr
0.87	EPAM	EPAM Systems	Pair Corr
0.85	ZM	Zoom Video Communications	Pair Corr
0.82	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.79	FICO	Fair Isaac	Pair Corr
0.75	CRM	Salesforce	Pair Corr
0.72	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.66	WDAY	Workday Downward Rally	Pair Corr
0.62	S	SentinelOne	Pair Corr
0.47	GB	Global Blue Group	Pair Corr
0.37	IT	Gartner	Pair Corr
0.89	HUBS	HubSpot	Pair Corr
0.88	IONQ	IONQ Inc	Pair Corr
0.83	GTLB	Gitlab Inc Earnings Call This Week	Pair Corr
0.78	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.66	INTU	Intuit Inc	Pair Corr
0.61	TTD	Trade Desk	Pair Corr

Related Correlations Analysis

	MTSI	FORM	MXL	LASR	SYNA	DIOD	SITM	SIMO	SMTC
MTSI		-0.39	0.6	0.27	0.26	-0.11	0.95	-0.52	0.78	MTSI
FORM	-0.39		-0.21	0.01	0.34	0.72	-0.39	0.85	-0.4	FORM
MXL	0.6	-0.21		0.03	0.28	-0.1	0.58	-0.36	0.6	MXL
LASR	0.27	0.01	0.03		-0.08	0.26	0.18	-0.03	0.12	LASR
SYNA	0.26	0.34	0.28	-0.08		0.41	0.18	0.3	0.35	SYNA
DIOD	-0.11	0.72	-0.1	0.26	0.41		-0.21	0.65	-0.03	DIOD
SITM	0.95	-0.39	0.58	0.18	0.18	-0.21		-0.52	0.72	SITM
SIMO	-0.52	0.85	-0.36	-0.03	0.3	0.65	-0.52		-0.5	SIMO
SMTC	0.78	-0.4	0.6	0.12	0.35	-0.03	0.72	-0.5		SMTC
	MTSI	FORM	MXL	LASR	SYNA	DIOD	SITM	SIMO	SMTC

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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

SITM	+ 0.95	MTSI
SIMO	+ 0.85	FORM
SMTC	+ 0.78	MTSI
DIOD	+ 0.72	FORM
SMTC	+ 0.72	SITM
SIMO	+ 0.65	DIOD

High negative correlations

SIMO	- 0.52	SITM
SIMO	- 0.52	MTSI
SMTC	- 0.5	SIMO
SMTC	- 0.4	FORM
SITM	- 0.39	FORM
FORM	- 0.39	MTSI

Risk-Adjusted Indicators

There is a big difference between Monolithic Stock performing well and Monolithic Power 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 Monolithic Power'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
MTSI	2.08	0.19	0.10	0.22	2.38	(2.40)	5.00	(3.42)	17.09
FORM	2.32	(0.60)	0.00	(0.15)	0.00	0.00	4.53	(5.08)	19.85
MXL	3.35	0.00	0.07	0.12	4.17	(3.76)	8.45	(6.75)	27.68
LASR	2.72	(0.24)	(0.02)	0.00	4.60	(3.01)	4.41	(3.69)	51.57
SYNA	2.29	(0.26)	(0.04)	0.00	2.95	(2.53)	4.72	(4.79)	14.26
DIOD	2.29	(0.32)	0.00	(0.02)	0.00	0.00	4.92	(4.41)	12.81
SITM	2.57	0.38	0.15	0.30	2.69	(2.65)	6.98	(4.87)	23.86
SIMO	1.89	(0.35)	0.00	(0.20)	0.00	0.00	3.26	(4.40)	12.89
SMTC	3.11	0.70	0.23	0.62	2.84	(3.75)	6.20	(5.66)	19.03

Monolithic Power Corporate Executives

Elected by the shareholders, the Monolithic Power's board of directors comprises two types of representatives: Monolithic Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Monolithic. The board's role is to monitor Monolithic Power's management team and ensure that shareholders' interests are well served. Monolithic Power'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, Monolithic Power's outside directors are responsible for providing unbiased perspectives on the board's policies.

Theodore CPA	Executive CFO	Profile
Meera Rao	CFO and Principal Accounting Officer	Profile
Theodore Blegen	Executive CFO	Profile
Bernie Blegen	CFO, Corporate Controller	Profile

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