Nordic Semiconductor Correlations
| NDCVF Stock | USD 9.18 0.36 4.08% |
The current 90-days correlation between Nordic Semiconductor ASA and Synaptics Incorporated is -0.32 (i.e., Very good diversification). The correlation of Nordic 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.
Nordic Semiconductor Correlation With Market
Very good diversification
The correlation between Nordic Semiconductor ASA and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nordic Semiconductor ASA and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Nordic Pink Sheet
Moving against Nordic Pink Sheet
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| 0.58 | VULNF | Vulcan Energy Resources | PairCorr |
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| 0.53 | FRCOF | Fast Retailing | PairCorr |
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Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nordic Pink Sheet performing well and Nordic 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 Nordic 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYNA | 2.08 | (0.05) | 0.00 | (0.01) | 0.00 | 4.22 | 14.26 | |||
| MTSI | 1.99 | 0.38 | 0.18 | 0.33 | 1.86 | 4.03 | 18.24 | |||
| SLAB | 2.22 | 0.12 | 0.06 | 0.08 | 2.51 | 5.45 | 15.52 | |||
| POWI | 1.84 | (0.01) | 0.00 | 0.02 | 2.26 | 3.98 | 10.93 | |||
| AOSL | 4.12 | 0.24 | 0.05 | 0.15 | 5.13 | 9.01 | 44.57 | |||
| NA | 14.36 | 3.83 | 0.32 | (1.94) | 10.43 | 33.64 | 160.41 | |||
| IMOS | 1.09 | (0.27) | 0.00 | 0.79 | 0.00 | 2.03 | 7.78 | |||
| WKEY | 8.40 | 3.01 | 0.39 | (4.89) | 6.03 | 16.50 | 161.10 | |||
| SIMO | 1.93 | (0.04) | 0.00 | (0.01) | 0.00 | 3.71 | 15.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nordic Semiconductor without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Nordic Semiconductor Corporate Management
| OleFredrik Morken | Ex Chain | Profile | |
| Linda Pettersson | Sr Board | Profile | |
| Kjetil Holstad | Ex Management | Profile | |
| Katarina Finneng | Ex Communication | Profile |