Odyssey Semiconductor Correlations
| ODII Stock | USD 0.07 0.04 225.00% |
The current 90-days correlation between Odyssey Semiconductor and Alphawave IP Group is -0.08 (i.e., Good diversification). The correlation of Odyssey 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.
Odyssey Semiconductor Correlation With Market
Average diversification
The correlation between Odyssey Semiconductor Technolo and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Odyssey Semiconductor Technolo and DJI in the same portfolio, assuming nothing else is changed.
Odyssey |
The ability to find closely correlated positions to Odyssey Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Odyssey Semiconductor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Odyssey Semiconductor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Odyssey Semiconductor Technologies to buy it.
Moving together with Odyssey OTC Stock
| 0.8 | MRVL | Marvell Technology | PairCorr |
| 0.7 | TKURF | Tokyu REIT | PairCorr |
| 0.8 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.62 | DYAI | Dyadic International | PairCorr |
| 0.63 | YMM | Full Truck Alliance | PairCorr |
| 0.72 | YLWDF | Yellow Pages Limited | PairCorr |
| 0.75 | SMLR | Semler Scientific | PairCorr |
| 0.67 | DASH | DoorDash, Class A | PairCorr |
| 0.65 | C | Citigroup Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Odyssey OTC Stock
| 0.82 | AMD | Advanced Micro Devices | PairCorr |
| 0.79 | PKX | POSCO Holdings | PairCorr |
| 0.79 | HYMTF | Hyundai Motor | PairCorr |
| 0.67 | QCOM | Qualcomm Incorporated | PairCorr |
| 0.6 | ADI | Analog Devices | PairCorr |
| 0.51 | TXN | Texas Instruments Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | ARM | Arm Holdings plc | PairCorr |
| 0.61 | SKM | SK Telecom | PairCorr |
| 0.43 | CMGR | Clubhouse Media Group | PairCorr |
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 Odyssey OTC Stock performing well and Odyssey Semiconductor OTC Stock 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 Odyssey 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AWEVF | 4.43 | (0.42) | 0.00 | 4.48 | 0.00 | 10.39 | 37.22 | |||
| AIP | 2.63 | 0.34 | 0.14 | 0.14 | 2.59 | 5.76 | 25.32 | |||
| ODII | 4.77 | 2.54 | 0.00 | 1.37 | 0.00 | 16.67 | 29.00 | |||
| ROHCY | 1.72 | (0.28) | 0.00 | (0.85) | 0.00 | 2.98 | 12.24 | |||
| AMSSY | 6.45 | (0.14) | 0.00 | 0.15 | 0.00 | 16.59 | 60.41 | |||
| ICG | 5.39 | 0.85 | 0.11 | 0.33 | 7.47 | 15.09 | 61.05 | |||
| GUER | 5.79 | (0.63) | 0.00 | 0.44 | 0.00 | 14.29 | 54.44 | |||
| NVEC | 1.49 | (0.03) | (0.01) | 0.00 | 1.97 | 2.82 | 16.16 |
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Our tools can tell you how much better you can do entering a position in Odyssey 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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Odyssey Semiconductor Corporate Management
Elected by the shareholders, the Odyssey Semiconductor's board of directors comprises two types of representatives: Odyssey Semiconductor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Odyssey. The board's role is to monitor Odyssey Semiconductor's management team and ensure that shareholders' interests are well served. Odyssey Semiconductor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Odyssey Semiconductor's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Laura Krauss | Controller Officer | Profile | |
| James Shealy | S CoFounder | Profile | |
| Richard Brown | CTO CoFounder | Profile | |
| Mark Davidson | CEO Director | Profile |