Sitime Correlations

SITM Stock

USD 170.46 3.43 2.05%

The current 90-days correlation between Sitime and Lattice Semiconductor is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sitime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitime moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sitime Correlation With Market

Average diversification

The correlation between Sitime 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 Sitime and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sitime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Sitime Stock, please use our How to Invest in Sitime guide.

Moving together with Sitime Stock

0.89	DIOD	Diodes Incorporated	Pair Corr
0.77	NA	Nano Labs Earnings Call Today	Pair Corr
0.77	ON	ON Semiconductor	Pair Corr
0.91	PI	Impinj Inc	Pair Corr
0.88	VECO	Veeco Instruments	Pair Corr
0.68	ENPH	Enphase Energy Buyout Trend	Pair Corr
0.68	AIP	Arteris	Pair Corr
0.88	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.81	CAN	Canaan Inc	Pair Corr
0.88	FORM	FormFactor	Pair Corr
0.64	CVV	CVD Equipment	Pair Corr
0.88	FSLR	First Solar	Pair Corr
0.61	GFS	Globalfoundries	Pair Corr
0.86	MXL	MaxLinear	Pair Corr
0.71	XPER	Xperi Corp	Pair Corr
0.77	TER	Teradyne	Pair Corr
0.63	TSM	Taiwan Semiconductor	Pair Corr
0.9	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.79	INDI	indie Semiconductor	Pair Corr

Moving against Sitime Stock

0.45	MX	MagnaChip Semiconductor	Pair Corr
0.43	DQ	Daqo New Energy	Pair Corr
0.58	LEDS	SemiLEDS	Pair Corr
0.44	INTC	Intel Aggressive Push	Pair Corr
0.39	HIMX	Himax Technologies	Pair Corr
0.31	KLAC	KLA Tencor	Pair Corr

Related Correlations Analysis

	LSCC	QRVO	MCHP	SLAB	POWI	DIOD	MXL	AMKR	MTSI	CRUS
LSCC		-0.14	0.65	0.45	0.43	-0.22	-0.33	-0.33	-0.28	0.68	LSCC
QRVO	-0.14		-0.15	0.48	-0.03	0.04	0.34	0.08	0.24	-0.07	QRVO
MCHP	0.65	-0.15		0.1	0.78	0.32	0.15	0.21	0.17	0.48	MCHP
SLAB	0.45	0.48	0.1		0.11	-0.27	-0.15	-0.28	-0.14	0.63	SLAB
POWI	0.43	-0.03	0.78	0.11		0.65	0.43	0.58	0.55	0.48	POWI
DIOD	-0.22	0.04	0.32	-0.27	0.65		0.86	0.97	0.9	-0.08	DIOD
MXL	-0.33	0.34	0.15	-0.15	0.43	0.86		0.89	0.93	-0.27	MXL
AMKR	-0.33	0.08	0.21	-0.28	0.58	0.97	0.89		0.93	-0.14	AMKR
MTSI	-0.28	0.24	0.17	-0.14	0.55	0.9	0.93	0.93		-0.14	MTSI
CRUS	0.68	-0.07	0.48	0.63	0.48	-0.08	-0.27	-0.14	-0.14		CRUS
	LSCC	QRVO	MCHP	SLAB	POWI	DIOD	MXL	AMKR	MTSI	CRUS

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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
MTSI	+ 0.93	MXL
MTSI	+ 0.93	AMKR
MTSI	+ 0.9	DIOD
AMKR	+ 0.89	MXL
MXL	+ 0.86	DIOD

High negative correlations

AMKR	- 0.33	LSCC
MXL	- 0.33	LSCC
AMKR	- 0.28	SLAB
MTSI	- 0.28	LSCC
CRUS	- 0.27	MXL
DIOD	- 0.27	SLAB

Risk-Adjusted Indicators

There is a big difference between Sitime Stock performing well and Sitime 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 Sitime'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
LSCC	2.28	0.27	0.08	0.08	2.63	(2.47)	4.87	(4.31)	13.59
QRVO	1.84	0.26	0.09	0.06	2.14	(2.00)	4.00	(4.08)	19.23
MCHP	1.92	0.06	0.00	(0.07)	0.00	0.00	3.78	(4.43)	20.48
SLAB	2.12	0.27	0.08	0.10	2.70	(2.26)	3.94	(4.70)	16.60
POWI	1.98	(0.01)	0.00	(0.12)	0.00	0.00	3.78	(4.06)	11.80
DIOD	2.03	(0.30)	0.00	(0.47)	0.00	0.00	3.68	(4.35)	10.65
MXL	4.00	(0.30)	0.00	(0.28)	0.00	0.00	6.45	(8.03)	27.60
AMKR	1.93	(0.31)	0.00	(0.46)	0.00	0.00	3.14	(4.41)	15.35
MTSI	2.30	(0.19)	0.00	(0.26)	0.00	0.00	4.30	(5.71)	20.65
CRUS	1.67	0.06	0.00	(0.05)	0.00	0.00	2.65	(3.83)	14.61

Sitime Corporate Management

Arthur Chadwick	Ex CFO	Profile
Samsheer Ahmad	Senior Officer	Profile
David Sweet	Partner	Profile
Atul Shingal	Executive Operations	Profile
Danny Flavelle	Partner	Profile

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