Skywater Technology Correlations
| SKYT Stock | USD 8.15 0.48 5.56% |
The current 90-days correlation between Skywater Technology and indie Semiconductor is -0.1 (i.e., Good diversification). The correlation of Skywater Technology 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Skywater Technology Correlation With Market
Good diversification
The correlation between Skywater Technology and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skywater Technology and DJI in the same portfolio, assuming nothing else is changed.
Skywater |
Moving together with Skywater Stock
| 0.61 | DIOD | Diodes Incorporated | PairCorr |
| 0.69 | FORM | FormFactor | PairCorr |
| 0.68 | CVV | CVD Equipment | PairCorr |
| 0.77 | FTCI | FTC Solar Earnings Call This Week | PairCorr |
| 0.73 | TER | Teradyne | PairCorr |
Moving against Skywater Stock
| 0.38 | TRT | Trio Tech International | PairCorr |
| 0.35 | MX | MagnaChip Semiconductor | PairCorr |
| 0.34 | ENTG | Entegris | PairCorr |
| 0.49 | LEDS | SemiLEDS | PairCorr |
| 0.44 | LSCC | Lattice Semiconductor | PairCorr |
| 0.4 | INTC | Intel | PairCorr |
| 0.4 | LRCX | Lam Research Corp | PairCorr |
| 0.35 | HIMX | Himax Technologies Downward Rally | PairCorr |
| 0.31 | KLAC | KLA Tencor | PairCorr |
Related Correlations Analysis
| 0.51 | 0.78 | 0.75 | -0.34 | INDI | ||
| 0.51 | 0.4 | 0.53 | -0.12 | FTCI | ||
| 0.78 | 0.4 | 0.72 | -0.4 | SITM | ||
| 0.75 | 0.53 | 0.72 | -0.32 | NVTS | ||
| -0.34 | -0.12 | -0.4 | -0.32 | ALGM | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Skywater Stock performing well and Skywater Technology 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 Skywater Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INDI | 3.42 | (0.28) | 0.00 | (0.19) | 0.00 | 7.16 | 25.61 | |||
| FTCI | 5.07 | 0.02 | 0.02 | 0.25 | 5.58 | 12.17 | 38.61 | |||
| SITM | 3.74 | (0.19) | 0.00 | (0.36) | 0.00 | 5.86 | 33.70 | |||
| NVTS | 5.99 | (0.23) | 0.00 | (0.21) | 0.00 | 13.92 | 39.07 | |||
| ALGM | 2.88 | 0.58 | 0.18 | 1.10 | 2.93 | 5.03 | 17.15 |
Skywater Technology Corporate Management
| Christopher Hilberg | General Officer | Profile | |
| Sudhakar Adivikolanu | Senior Technology | Profile | |
| Steve Manko | Chief Officer | Profile | |
| Brad Ferguson | Senior Programs | Profile | |
| Steven Kosier | Chief Officer | Profile | |
| Ross Miller | Senior Business | Profile |