Marvell Technology Correlations

MRVL Stock

USD 71.67 1.09 1.50%

The current 90-days correlation between Marvell Technology and Intel is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Marvell Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marvell Technology Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Marvell Technology Correlation With Market

Weak diversification

The correlation between Marvell Technology Group and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marvell Technology Group 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 Marvell Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Marvell Stock

0.62	VLN	Valens	Pair Corr
0.84	S	SentinelOne	Pair Corr
0.78	VRNS	Varonis Systems	Pair Corr
0.83	VRNT	Verint Systems	Pair Corr
0.8	EXTR	Extreme Networks	Pair Corr
0.85	FLEX	Flex	Pair Corr
0.87	CRM	Salesforce	Pair Corr
0.96	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.85	MSI	Motorola Solutions	Pair Corr
0.83	TDC	Teradata Corp	Pair Corr
0.8	WBX	Wallbox NV	Pair Corr
0.91	ZBRA	Zebra Technologies	Pair Corr
0.75	LFUS	Littelfuse	Pair Corr
0.93	LITE	Lumentum Holdings	Pair Corr
0.7	AVPTW	AvePoint Tech Boost	Pair Corr
0.82	NTGR	NETGEAR	Pair Corr
0.77	PATH	Uipath Inc	Pair Corr
0.92	AIRG	Airgain	Pair Corr

Moving against Marvell Stock

0.8	VRSN	VeriSign	Pair Corr
0.7	MQ	Marqeta	Pair Corr
0.48	JG	Aurora Mobile	Pair Corr
0.32	ZS	Zscaler	Pair Corr
0.84	NOK	Nokia Corp ADR	Pair Corr
0.57	MLGO	MicroAlgo Trending	Pair Corr
0.86	BRK-A	Berkshire Hathaway	Pair Corr
0.62	WM	Waste Management	Pair Corr

Related Correlations Analysis

	NVDA	INTC	TSM	MU	QCOM	AMD	AVGO
NVDA		-0.13	0.83	0.33	0.27	0.75	0.87	NVDA
INTC	-0.13		-0.41	0.37	0.06	-0.38	-0.37	INTC
TSM	0.83	-0.41		0.25	0.55	0.79	0.9	TSM
MU	0.33	0.37	0.25		0.27	0.11	0.21	MU
QCOM	0.27	0.06	0.55	0.27		0.2	0.4	QCOM
AMD	0.75	-0.38	0.79	0.11	0.2		0.8	AMD
AVGO	0.87	-0.37	0.9	0.21	0.4	0.8		AVGO
	NVDA	INTC	TSM	MU	QCOM	AMD	AVGO

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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

AVGO	+ 0.9	TSM
AVGO	+ 0.87	NVDA
TSM	+ 0.83	NVDA
AVGO	+ 0.8	AMD
AMD	+ 0.79	TSM
AMD	+ 0.75	NVDA

High negative correlations

TSM	- 0.41	INTC
AMD	- 0.38	INTC
AVGO	- 0.37	INTC
INTC	- 0.13	NVDA

Risk-Adjusted Indicators

There is a big difference between Marvell Stock performing well and Marvell 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 Marvell 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
NVDA	2.91	(0.05)	0.00	(0.02)	0.00	0.00	5.21	(6.22)	21.42
INTC	2.91	0.30	0.10	0.47	2.89	(3.62)	7.34	(5.58)	23.00
TSM	2.18	(0.12)	0.00	(0.13)	0.00	0.00	4.06	(4.55)	18.80
MU	3.30	(0.13)	0.00	(0.12)	0.00	0.00	6.23	(6.33)	22.15
QCOM	1.42	0.03	0.02	0.02	1.98	(1.31)	3.05	(3.72)	8.26
AMD	2.09	(0.14)	0.00	0.79	0.00	0.00	4.16	(4.76)	10.90
AVGO	2.54	(0.30)	0.00	(0.22)	0.00	0.00	4.52	(6.33)	22.91

Marvell Technology Corporate Management

Mark Esq	Executive Officer	Profile
Pani Dixon	Chief Controller	Profile
Dean Jarnac	Executive Sales	Profile
Sandeep Bharathi	Chief Officer	Profile

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