MaxLinear Correlations

MXL Stock

USD 12.97 0.14 1.09%

The current 90-days correlation between MaxLinear and Himax Technologies is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MaxLinear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MaxLinear moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MaxLinear Correlation With Market

Modest diversification

The correlation between MaxLinear 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 MaxLinear 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 MaxLinear. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy MaxLinear Stock please use our How to buy in MaxLinear Stock guide.

Moving together with MaxLinear Stock

0.87	DIOD	Diodes Incorporated	Pair Corr
0.77	NA	Nano Labs	Pair Corr
0.67	ON	ON Semiconductor	Pair Corr
0.81	PI	Impinj Inc	Pair Corr
0.83	VECO	Veeco Instruments	Pair Corr
0.88	AIP	Arteris	Pair Corr
0.84	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.72	CAN	Canaan Inc	Pair Corr
0.87	FORM	FormFactor	Pair Corr
0.68	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.82	FSLR	First Solar	Pair Corr
0.62	FTCI	FTC Solar	Pair Corr
0.65	XPER	Xperi Corp	Pair Corr
0.88	TER	Teradyne	Pair Corr
0.84	TSM	Taiwan Semiconductor	Pair Corr
0.61	VLN	Valens	Pair Corr
0.83	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.86	INDI	indie Semiconductor	Pair Corr

Moving against MaxLinear Stock

0.34	MX	MagnaChip Semiconductor	Pair Corr
0.46	LEDS	SemiLEDS Tech Boost	Pair Corr
0.45	UMC	United Microelectronics Aggressive Push	Pair Corr
0.37	INTC	Intel Trending	Pair Corr
0.34	LSCC	Lattice Semiconductor	Pair Corr

Related Correlations Analysis

	ASX	HIMX	UMC	LEDS	SLAB	POWI	DIOD	AMKR	LSCC	AOSL
ASX		0.44	-0.14	0.24	0.61	0.47	0.33	0.28	0.4	0.24	ASX
HIMX	0.44		-0.42	0.73	0.7	-0.05	-0.37	-0.37	0.34	-0.23	HIMX
UMC	-0.14	-0.42		-0.13	-0.3	0.13	-0.18	-0.25	0.43	-0.29	UMC
LEDS	0.24	0.73	-0.13		0.61	-0.24	-0.68	-0.69	0.48	-0.54	LEDS
SLAB	0.61	0.7	-0.3	0.61		0.15	-0.23	-0.23	0.43	-0.08	SLAB
POWI	0.47	-0.05	0.13	-0.24	0.15		0.66	0.59	0.41	0.66	POWI
DIOD	0.33	-0.37	-0.18	-0.68	-0.23	0.66		0.97	-0.23	0.86	DIOD
AMKR	0.28	-0.37	-0.25	-0.69	-0.23	0.59	0.97		-0.34	0.89	AMKR
LSCC	0.4	0.34	0.43	0.48	0.43	0.41	-0.23	-0.34		-0.19	LSCC
AOSL	0.24	-0.23	-0.29	-0.54	-0.08	0.66	0.86	0.89	-0.19		AOSL
	ASX	HIMX	UMC	LEDS	SLAB	POWI	DIOD	AMKR	LSCC	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
AOSL	+ 0.89	AMKR
AOSL	+ 0.86	DIOD
LEDS	+ 0.73	HIMX
SLAB	+ 0.7	HIMX
DIOD	+ 0.66	POWI

High negative correlations

AMKR	- 0.69	LEDS
DIOD	- 0.68	LEDS
AOSL	- 0.54	LEDS
UMC	- 0.42	HIMX
AMKR	- 0.37	HIMX
DIOD	- 0.37	HIMX

Risk-Adjusted Indicators

There is a big difference between MaxLinear Stock performing well and MaxLinear 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 MaxLinear'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
ASX	1.98	0.08	0.00	(0.02)	0.00	0.00	3.80	(3.85)	14.62
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
LEDS	3.46	0.74	0.13	0.44	4.98	(3.63)	6.98	(6.78)	24.28
SLAB	2.05	0.17	0.05	0.04	2.72	(2.11)	3.33	(4.70)	16.60
POWI	1.93	(0.09)	0.00	(0.18)	0.00	0.00	3.76	(4.06)	11.80
DIOD	2.00	(0.34)	0.00	(0.47)	0.00	0.00	3.55	(4.35)	10.47
AMKR	1.90	(0.36)	0.00	(0.49)	0.00	0.00	3.14	(4.41)	15.35
LSCC	2.25	0.22	0.06	0.06	2.63	(2.41)	4.85	(4.31)	13.59
AOSL	3.76	(0.62)	0.00	(0.52)	0.00	0.00	5.72	(8.75)	22.05

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