NVE Correlations

NVEC Stock

USD 65.99 0.59 0.90%

The current 90-days correlation between NVE Corporation and QuickLogic is 0.42 (i.e., Very weak diversification). The correlation of NVE 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.

NVE Correlation With Market

Weak diversification

The correlation between NVE Corp. and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NVE Corp. 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 NVE Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with NVE Stock

0.82	NA	Nano Labs	Pair Corr
0.84	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.77	MXL	MaxLinear	Pair Corr
0.88	KLIC	Kulicke and Soffa Potential Growth	Pair Corr
0.77	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.83	NVDA	NVIDIA	Pair Corr
0.62	AEIS	Advanced Energy Indu	Pair Corr
0.77	AI	C3 Ai Inc	Pair Corr
0.73	KE	Kimball Electronics	Pair Corr
0.63	VERX	Vertex	Pair Corr
0.67	EVCM	EverCommerce	Pair Corr
0.77	WKEY	Wisekey International	Pair Corr

Moving against NVE Stock

0.61	LEDS	SemiLEDS Tech Boost	Pair Corr
0.54	MQ	Marqeta	Pair Corr
0.41	HIMX	Himax Technologies	Pair Corr
0.75	ENFN	Enfusion	Pair Corr
0.44	ZS	Zscaler	Pair Corr
0.38	DOCN	DigitalOcean Holdings	Pair Corr

Related Correlations Analysis

	SLAB	POWI	DIOD	MXL	AMKR	QUIK	MTSI	GSIT	AOSL	FORM
SLAB		0.16	-0.1	-0.04	-0.09	-0.13	0.01	0.57	0.1	-0.2	SLAB
POWI	0.16		0.63	0.47	0.56	0.39	0.49	0.4	0.65	0.51	POWI
DIOD	-0.1	0.63		0.89	0.97	0.84	0.91	0.43	0.87	0.95	DIOD
MXL	-0.04	0.47	0.89		0.92	0.79	0.95	0.46	0.79	0.88	MXL
AMKR	-0.09	0.56	0.97	0.92		0.84	0.94	0.4	0.88	0.96	AMKR
QUIK	-0.13	0.39	0.84	0.79	0.84		0.76	0.49	0.6	0.88	QUIK
MTSI	0.01	0.49	0.91	0.95	0.94	0.76		0.46	0.85	0.89	MTSI
GSIT	0.57	0.4	0.43	0.46	0.4	0.49	0.46		0.45	0.34	GSIT
AOSL	0.1	0.65	0.87	0.79	0.88	0.6	0.85	0.45		0.78	AOSL
FORM	-0.2	0.51	0.95	0.88	0.96	0.88	0.89	0.34	0.78		FORM
	SLAB	POWI	DIOD	MXL	AMKR	QUIK	MTSI	GSIT	AOSL	FORM

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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	AMKR
FORM	+ 0.95	DIOD
MTSI	+ 0.95	MXL
MTSI	+ 0.94	AMKR
AMKR	+ 0.92	MXL

High negative correlations

FORM	- 0.2	SLAB
QUIK	- 0.13	SLAB
DIOD	- 0.1	SLAB
AMKR	- 0.09	SLAB
MXL	- 0.04	SLAB

Risk-Adjusted Indicators

There is a big difference between NVE Stock performing well and NVE 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 NVE'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
SLAB	2.00	0.08	0.00	(0.02)	0.00	0.00	3.25	(4.70)	16.60
POWI	1.90	(0.21)	0.00	0.42	0.00	0.00	3.76	(4.06)	11.80
DIOD	1.97	(0.45)	0.00	(0.54)	0.00	0.00	3.55	(4.35)	10.47
MXL	3.88	(0.35)	0.00	(0.26)	0.00	0.00	6.45	(8.03)	27.60
AMKR	1.83	(0.37)	0.00	(0.48)	0.00	0.00	3.14	(4.41)	15.35
QUIK	4.69	(0.17)	0.00	(0.19)	0.00	0.00	10.93	(10.24)	36.71
MTSI	2.33	(0.20)	0.00	(0.23)	0.00	0.00	4.30	(5.71)	20.65
GSIT	4.56	0.27	0.04	0.16	5.68	(4.76)	7.59	(10.79)	55.45
AOSL	3.70	(0.76)	0.00	(2.78)	0.00	0.00	5.72	(8.75)	22.05
FORM	2.31	(0.33)	0.00	(0.48)	0.00	0.00	3.98	(6.50)	15.16

NVE Corporate Management

Joseph Schmitz	Chief Officer	Profile
Jay Brown	VP	Profile
John Myers	Vice Development	Profile
Daniel Nelson	Accounting Officer	Profile

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