NXP Semiconductors Correlations

NXPI Stock

USD 226.53 2.13 0.93%

The current 90-days correlation between NXP Semiconductors and Canadian Solar is 0.18 (i.e., Average diversification). The correlation of NXP Semiconductors 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.

NXP Semiconductors Correlation With Market

Very weak diversification

The correlation between NXP Semiconductors NV and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NXP Semiconductors NV 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 NXP Semiconductors NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with NXP Stock

0.76	MCHP	Microchip Technology	Pair Corr
0.71	ARW	Arrow Electronics	Pair Corr

Moving against NXP Stock

0.49	NTGR	NETGEAR	Pair Corr
0.48	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.47	EBON	Ebang International	Pair Corr
0.37	KVHI	KVH Industries	Pair Corr
0.49	BMYMP	Bristol Myers Squibb	Pair Corr
0.49	NDAQ	Nasdaq Inc	Pair Corr
0.46	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.46	WMT	Walmart Aggressive Push	Pair Corr
0.42	BAC	Bank of America Aggressive Push	Pair Corr
0.34	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.33	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	FSLR	RUN	CSIQ	SEDG	NOVA	JKS	MAXN
FSLR		0.85	0.67	0.83	0.83	-0.03	0.15	FSLR
RUN	0.85		0.47	0.95	0.95	-0.25	0.13	RUN
CSIQ	0.67	0.47		0.53	0.33	0.68	-0.04	CSIQ
SEDG	0.83	0.95	0.53		0.85	-0.12	0.18	SEDG
NOVA	0.83	0.95	0.33	0.85		-0.41	0.2	NOVA
JKS	-0.03	-0.25	0.68	-0.12	-0.41		-0.15	JKS
MAXN	0.15	0.13	-0.04	0.18	0.2	-0.15		MAXN
	FSLR	RUN	CSIQ	SEDG	NOVA	JKS	MAXN

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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

SEDG	+ 0.95	RUN
NOVA	+ 0.95	RUN
RUN	+ 0.85	FSLR
NOVA	+ 0.85	SEDG
SEDG	+ 0.83	FSLR
NOVA	+ 0.83	FSLR

High negative correlations

JKS	- 0.41	NOVA
JKS	- 0.25	RUN
MAXN	- 0.15	JKS
JKS	- 0.12	SEDG
MAXN	- 0.04	CSIQ
JKS	- 0.03	FSLR

Risk-Adjusted Indicators

There is a big difference between NXP Stock performing well and NXP Semiconductors 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 NXP Semiconductors' 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
FSLR	2.56	(0.28)	0.00	(0.90)	0.00	0.00	5.38	(5.97)	25.32
RUN	3.56	(0.55)	0.00	0.48	0.00	0.00	6.23	(9.35)	40.96
CSIQ	4.32	0.20	0.00	(0.21)	6.25	(3.99)	9.83	(8.50)	35.56
SEDG	4.91	(0.69)	0.00	(0.96)	0.00	0.00	8.55	(10.53)	33.63
NOVA	5.83	(0.16)	0.00	0.16	0.00	0.00	14.31	(9.06)	66.13
JKS	4.55	0.57	0.06	(1.02)	6.15	(4.81)	9.45	(7.53)	36.24
MAXN	8.54	(0.20)	0.00	0.50	0.00	0.00	15.60	(17.22)	59.83

NXP Semiconductors Corporate Executives

Elected by the shareholders, the NXP Semiconductors' board of directors comprises two types of representatives: NXP Semiconductors inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NXP. The board's role is to monitor NXP Semiconductors' management team and ensure that shareholders' interests are well served. NXP Semiconductors' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NXP Semiconductors' outside directors are responsible for providing unbiased perspectives on the board's policies.

	William Betz	Executive CFO	Profile
	Lars Reger	Executive CTO	Profile

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