Power Integrations Correlations
| POWI Stock | USD 54.88 0.71 1.28% |
The current 90-days correlation between Power Integrations and Diodes Incorporated is 0.67 (i.e., Poor diversification). The correlation of Power Integrations 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.
Power Integrations Correlation With Market
Weak diversification
The correlation between Power Integrations and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Power Integrations and DJI in the same portfolio, assuming nothing else is changed.
Power |
Moving together with Power Stock
| 0.64 | HPE | Hewlett Packard Ente | PairCorr |
| 0.8 | HPQ | HP Inc | PairCorr |
| 0.63 | WBX | Wallbox NV | PairCorr |
| 0.78 | LFUS | Littelfuse | PairCorr |
| 0.67 | AIRG | Airgain | PairCorr |
Moving against Power Stock
| 0.51 | MQ | Marqeta | PairCorr |
| 0.48 | VRSN | VeriSign | PairCorr |
| 0.34 | JG | Aurora Mobile | PairCorr |
| 0.53 | NOK | Nokia Corp ADR | PairCorr |
| 0.52 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.39 | ALTR | Altair Engineering | 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 Power Stock performing well and Power Integrations 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 Power Integrations' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIOD | 1.96 | (0.45) | 0.00 | (0.54) | 0.00 | 3.55 | 10.47 | |||
| MTSI | 2.32 | (0.26) | 0.00 | (0.27) | 0.00 | 4.30 | 20.65 | |||
| CRUS | 1.67 | (0.02) | 0.00 | (0.08) | 0.00 | 2.65 | 14.61 | |||
| AMKR | 1.82 | (0.38) | 0.00 | (0.49) | 0.00 | 3.14 | 15.35 | |||
| SLAB | 2.01 | 0.06 | 0.00 | (0.02) | 0.00 | 3.25 | 16.60 | |||
| MXL | 3.82 | (0.48) | 0.00 | (0.32) | 0.00 | 6.45 | 27.60 | |||
| LASR | 2.66 | (0.25) | 0.00 | (0.28) | 0.00 | 5.67 | 16.59 | |||
| LSCC | 2.15 | 0.06 | 0.00 | (0.03) | 0.00 | 4.59 | 13.59 |
Power Integrations Corporate Management
| Radu Barsan | VP of Technology | Profile | |
| Clifford Walker | VP of Corporate Devel. and Information Technology | Profile | |
| Douglas Bailey | VP of Marketing | Profile | |
| Sunil Gupta | Vice Operations | Profile |