Sequans Communications Correlations

SQNS Stock

USD 2.89 0.04 1.40%

The current 90-days correlation between Sequans Communications and QuickLogic is 0.18 (i.e., Average diversification). The correlation of Sequans Communications 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.

Sequans Communications Correlation With Market

Modest diversification

The correlation between Sequans Communications SA and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sequans Communications SA 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 Sequans Communications SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sequans Stock

0.75	AIP	Arteris	Pair Corr
0.74	CAN	Canaan Inc	Pair Corr
0.69	GFS	Globalfoundries	Pair Corr
0.65	MXL	MaxLinear	Pair Corr
0.83	ICHR	Ichor Holdings	Pair Corr

Moving against Sequans Stock

0.68	FTCI	FTC Solar	Pair Corr
0.59	PI	Impinj Inc	Pair Corr
0.58	SPI	SPI Energy	Pair Corr
0.53	AMD	Advanced Micro Devices	Pair Corr
0.5	WOLF	Wolfspeed	Pair Corr
0.49	ADI	Analog Devices	Pair Corr
0.42	ARM	Arm Holdings plc	Pair Corr
0.42	STM	STMicroelectronics NV ADR Fiscal Year End 23rd of January 2025	Pair Corr
0.4	MX	MagnaChip Semiconductor	Pair Corr
0.39	WISA	WiSA Technologies	Pair Corr
0.37	ENPH	Enphase Energy	Pair Corr
0.36	VECO	Veeco Instruments	Pair Corr
0.68	MPWR	Monolithic Power Systems	Pair Corr
0.63	MCHP	Microchip Technology	Pair Corr
0.6	IMOS	ChipMOS Technologies	Pair Corr
0.52	UMC	United Microelectronics Aggressive Push	Pair Corr
0.52	GSIT	GSI Technology	Pair Corr
0.33	TXN	Texas Instruments Fiscal Year End 28th of January 2025	Pair Corr
0.32	KLAC	KLA Tencor	Pair Corr

Related Correlations Analysis

	QUIK	POWI	SLAB	FORM	NVTS	MX	CEVA	MXL	LASR	MTSI
QUIK		0.32	0.39	0.66	0.08	0.51	-0.16	-0.02	0.1	-0.08	QUIK
POWI	0.32		0.4	0.07	0.47	-0.07	0.46	0.36	0.38	0.53	POWI
SLAB	0.39	0.4		0.54	0.72	0.19	0.39	0.65	-0.05	0.24	SLAB
FORM	0.66	0.07	0.54		0.14	0.73	-0.3	-0.04	-0.09	-0.39	FORM
NVTS	0.08	0.47	0.72	0.14		0.01	0.57	0.73	0.01	0.48	NVTS
MX	0.51	-0.07	0.19	0.73	0.01		-0.61	-0.39	-0.08	-0.63	MX
CEVA	-0.16	0.46	0.39	-0.3	0.57	-0.61		0.85	-0.12	0.94	CEVA
MXL	-0.02	0.36	0.65	-0.04	0.73	-0.39	0.85		-0.16	0.78	MXL
LASR	0.1	0.38	-0.05	-0.09	0.01	-0.08	-0.12	-0.16		0.02	LASR
MTSI	-0.08	0.53	0.24	-0.39	0.48	-0.63	0.94	0.78	0.02		MTSI
	QUIK	POWI	SLAB	FORM	NVTS	MX	CEVA	MXL	LASR	MTSI

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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

MTSI	+ 0.94	CEVA
MXL	+ 0.85	CEVA
MTSI	+ 0.78	MXL
MX	+ 0.73	FORM
MXL	+ 0.73	NVTS
NVTS	+ 0.72	SLAB

High negative correlations

MTSI	- 0.63	MX
CEVA	- 0.61	MX
MXL	- 0.39	MX
MTSI	- 0.39	FORM
CEVA	- 0.3	FORM
LASR	- 0.16	MXL

Risk-Adjusted Indicators

There is a big difference between Sequans Stock performing well and Sequans Communications 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 Sequans Communications' 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
QUIK	2.67	0.10	0.03	0.09	3.55	(2.60)	6.21	(5.83)	16.02
POWI	1.84	(0.01)	0.00	0.02	2.26	(1.77)	3.98	(3.51)	10.93
SLAB	2.22	0.12	0.06	0.08	2.51	(2.47)	5.45	(4.19)	15.52
FORM	2.20	(0.06)	0.00	(0.02)	0.00	0.00	4.73	(5.08)	19.85
NVTS	5.29	0.60	0.10	0.34	5.23	(6.46)	14.85	(8.27)	34.65
MX	1.88	(0.26)	0.00	(0.55)	0.00	0.00	3.47	(4.02)	17.81
CEVA	2.11	0.44	0.25	0.35	1.58	(2.94)	5.31	(3.10)	20.28
MXL	3.35	0.46	0.11	0.21	4.00	(3.86)	7.61	(6.46)	18.39
LASR	2.94	(0.03)	0.00	0.01	4.63	(3.37)	4.41	(4.23)	51.57
MTSI	1.99	0.38	0.18	0.33	1.86	(2.27)	4.03	(3.42)	18.24

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