QuickLogic Correlations

Stocks . USA . 
Stock . QuickLogic
QUIK Stock  USD 6.12  0.17  2.86%   
The current 90-days correlation between QuickLogic and Pixelworks is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as QuickLogic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if QuickLogic moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

QuickLogic Correlation With Market

Average diversification

The correlation between QuickLogic and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding QuickLogic and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in QuickLogic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy QuickLogic Stock please use our How to buy in QuickLogic Stock guide.

Moving together with QuickLogic Stock

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  0.76PI Impinj IncPairCorr
  0.79VECO Veeco InstrumentsPairCorr
  0.64ENPH Enphase EnergyPairCorr
  0.82AIP ArterisPairCorr
  0.78AMD Advanced Micro Devices Aggressive PushPairCorr
  0.63CAN Canaan IncPairCorr
  0.86FORM FormFactorPairCorr
  0.87CVV CVD Equipment Earnings Call This WeekPairCorr
  0.74FSLR First SolarPairCorr
  0.65GFS Globalfoundries Sell-off TrendPairCorr
  0.91FTCI FTC SolarPairCorr
  0.77MXL MaxLinearPairCorr
  0.73XPER Xperi CorpPairCorr
  0.79TER TeradynePairCorr
  0.72TSM Taiwan SemiconductorPairCorr
  0.73GCTS GCT Semiconductor Holding Symbol ChangePairCorr
  0.76INDI indie SemiconductorPairCorr

Moving against QuickLogic Stock

  0.59LEDS SemiLEDS Tech BoostPairCorr
  0.35INTC Intel Downward RallyPairCorr
  0.35LSCC Lattice SemiconductorPairCorr

Related Correlations Analysis

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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   
AXTI
+ 0.44
PXLW
LSCC
+ 0.39
POWI
POWI
+ 0.36
AXTI
POWI
+ 0.35
PXLW
EMKR
+ 0.34
LSCC
  
High negative correlations   
EMKR
- 0.64
AXTI
EMKR
- 0.51
POWI
LSCC
- 0.29
AXTI
EMKR
- 0.29
PXLW
LSCC
- 0.05
PXLW

Risk-Adjusted Indicators

There is a big difference between QuickLogic Stock performing well and QuickLogic 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 QuickLogic'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.

QuickLogic Corporate Management

Brian FaithVP of Worldwide MarketingProfile
Owen BatemanVP SalesProfile
Elias NaderPrincipal CFOProfile
Andrew ChanCoFounderProfile
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