MACOM Technology Correlations

MTSI Stock

USD 105.65 6.59 5.87%

The current 90-days correlation between MACOM Technology Sol and Power Integrations is 0.45 (i.e., Very weak diversification). The correlation of MACOM Technology 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.

MACOM Technology Correlation With Market

Modest diversification

The correlation between MACOM Technology Solutions and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MACOM Technology Solutions 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 MACOM Technology Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with MACOM Stock

0.85	VLN	Valens	Pair Corr
0.65	S	SentinelOne	Pair Corr
0.71	VRAR	Glimpse Group Tech Boost	Pair Corr
0.81	VRNS	Varonis Systems	Pair Corr
0.77	VRNT	Verint Systems	Pair Corr
0.89	EXTR	Extreme Networks	Pair Corr
0.84	FLEX	Flex	Pair Corr
0.81	CRM	Salesforce	Pair Corr
0.91	HPE	Hewlett Packard Ente	Pair Corr
0.66	MSI	Motorola Solutions	Pair Corr
0.86	TDC	Teradata Corp	Pair Corr
0.76	WBX	Wallbox NV	Pair Corr
0.93	ZBRA	Zebra Technologies	Pair Corr
0.61	JNPR	Juniper Networks	Pair Corr
0.61	LFUS	Littelfuse	Pair Corr
0.97	LITE	Lumentum Holdings	Pair Corr
0.63	NTGR	NETGEAR	Pair Corr
0.85	AIRG	Airgain	Pair Corr

Moving against MACOM Stock

0.88	VRSN	VeriSign	Pair Corr
0.62	JG	Aurora Mobile	Pair Corr
0.61	MQ	Marqeta	Pair Corr
0.82	NOK	Nokia Corp ADR	Pair Corr
0.49	MLGO	MicroAlgo Trending	Pair Corr
0.81	BRK-A	Berkshire Hathaway	Pair Corr
0.69	ALTR	Altair Engineering	Pair Corr

Related Correlations Analysis

	POWI	DIOD	CRUS	AMKR	SLAB	FORM	SIMO	SMTC	SGH	AOSL
POWI		0.7	0.48	0.62	0.57	0.59	0.28	0.4	0.0	0.63	POWI
DIOD	0.7		-0.03	0.97	0.16	0.96	-0.08	0.85	0.0	0.89	DIOD
CRUS	0.48	-0.03		-0.09	0.76	-0.13	0.63	-0.38	0.0	0.07	CRUS
AMKR	0.62	0.97	-0.09		0.15	0.96	-0.16	0.89	0.0	0.92	AMKR
SLAB	0.57	0.16	0.76	0.15		0.04	0.42	-0.13	0.0	0.36	SLAB
FORM	0.59	0.96	-0.13	0.96	0.04		-0.13	0.88	0.0	0.85	FORM
SIMO	0.28	-0.08	0.63	-0.16	0.42	-0.13		-0.35	0.0	-0.03	SIMO
SMTC	0.4	0.85	-0.38	0.89	-0.13	0.88	-0.35		0.0	0.82	SMTC
SGH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SGH
AOSL	0.63	0.89	0.07	0.92	0.36	0.85	-0.03	0.82	0.0		AOSL
	POWI	DIOD	CRUS	AMKR	SLAB	FORM	SIMO	SMTC	SGH	AOSL

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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

AMKR	+ 0.97	DIOD
FORM	+ 0.96	DIOD
FORM	+ 0.96	AMKR
AOSL	+ 0.92	AMKR
AOSL	+ 0.89	DIOD
SMTC	+ 0.89	AMKR

High negative correlations

SMTC	- 0.38	CRUS
SMTC	- 0.35	SIMO
SIMO	- 0.16	AMKR
SIMO	- 0.13	FORM
SMTC	- 0.13	SLAB
FORM	- 0.13	CRUS

Risk-Adjusted Indicators

There is a big difference between MACOM Stock performing well and MACOM 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 MACOM 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
POWI	1.97	(0.20)	0.00	(0.17)	0.00	0.00	3.76	(3.90)	11.80
DIOD	2.02	(0.52)	0.00	(0.49)	0.00	0.00	3.58	(4.35)	10.47
CRUS	1.70	0.02	0.01	0.01	2.45	(1.59)	2.80	(3.83)	14.61
AMKR	1.81	(0.47)	0.00	(0.49)	0.00	0.00	2.61	(4.41)	14.52
SLAB	2.01	(0.08)	0.00	(0.06)	0.00	0.00	3.25	(4.52)	16.60
FORM	2.30	(0.67)	0.00	(0.73)	0.00	0.00	3.73	(6.50)	11.92
SIMO	2.11	(0.07)	0.00	(0.07)	0.00	0.00	4.51	(4.88)	10.95
SMTC	4.78	(0.57)	0.00	(0.19)	0.00	0.00	8.93	(9.90)	43.48
SGH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AOSL	3.57	(0.56)	0.00	(0.30)	0.00	0.00	5.72	(7.54)	22.05

MACOM Technology Corporate Management

Robert Dennehy	Sr. VP of Operations	Profile
Conor CMA	Vice Operations	Profile
Conor Hegarty	Principal Financial Officer and Principal Accounting Officer	Profile
Wayne Struble	Senior Technology	Profile
Stephen Ferranti	Vice Relations	Profile

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