Alpha Correlations

AOSL Stock

USD 30.25 0.93 3.17%

The current 90-days correlation between Alpha and Omega and POET Technologies is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alpha moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alpha and Omega moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Alpha Correlation With Market

Poor diversification

The correlation between Alpha and Omega and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha and Omega and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alpha Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha and Omega. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Alpha Stock

0.82	DIOD	Diodes Incorporated	Pair Corr
0.73	FTCI	FTC Solar	Pair Corr
0.64	600206	Grinm Advanced Materials	Pair Corr
0.62	603290	StarPower Semiconductor	Pair Corr
0.63	002185	Tianshui Huatian Tec	Pair Corr

Moving against Alpha Stock

0.32	ACU	Aurora Solar Technologies	Pair Corr
0.33	300046	Hubei Tech Semiconductors	Pair Corr

Related Correlations Analysis

	POET	SKYT	COHU	ARQQ	SSYS	OPFI	INDI	CRSR	AEHR	LAES
POET		0.7	0.31	0.81	0.58	-0.37	0.63	-0.64	0.24	0.86	POET
SKYT	0.7		0.43	0.79	0.59	0.0	0.41	-0.69	0.6	0.73	SKYT
COHU	0.31	0.43		0.25	0.14	0.06	0.49	-0.28	0.58	0.6	COHU
ARQQ	0.81	0.79	0.25		0.5	-0.04	0.3	-0.64	0.4	0.77	ARQQ
SSYS	0.58	0.59	0.14	0.5		-0.1	0.43	-0.33	0.29	0.55	SSYS
OPFI	-0.37	0.0	0.06	-0.04	-0.1		-0.59	0.37	0.4	-0.25	OPFI
INDI	0.63	0.41	0.49	0.3	0.43	-0.59		-0.4	0.08	0.69	INDI
CRSR	-0.64	-0.69	-0.28	-0.64	-0.33	0.37	-0.4		-0.34	-0.66	CRSR
AEHR	0.24	0.6	0.58	0.4	0.29	0.4	0.08	-0.34		0.4	AEHR
LAES	0.86	0.73	0.6	0.77	0.55	-0.25	0.69	-0.66	0.4		LAES
	POET	SKYT	COHU	ARQQ	SSYS	OPFI	INDI	CRSR	AEHR	LAES

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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

LAES	+ 0.86	POET
ARQQ	+ 0.81	POET
ARQQ	+ 0.79	SKYT
LAES	+ 0.77	ARQQ
LAES	+ 0.73	SKYT
SKYT	+ 0.7	POET

High negative correlations

CRSR	- 0.69	SKYT
LAES	- 0.66	CRSR
CRSR	- 0.64	ARQQ
CRSR	- 0.64	POET
INDI	- 0.59	OPFI
CRSR	- 0.4	INDI

Risk-Adjusted Indicators

There is a big difference between Alpha Stock performing well and Alpha 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 Alpha'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
POET	4.31	0.40	0.11	0.23	4.21	(5.15)	12.59	(7.61)	37.00
SKYT	5.00	0.87	0.21	0.42	4.41	(6.19)	10.17	(7.42)	55.10
COHU	2.56	0.17	0.08	0.16	3.04	(2.81)	6.14	(5.02)	17.47
ARQQ	5.34	(0.02)	0.05	0.07	6.25	(6.44)	11.40	(8.71)	46.11
SSYS	2.90	0.06	0.04	0.10	3.58	(3.52)	6.26	(7.89)	22.52
OPFI	2.54	(0.22)	0.00	(0.07)	0.00	0.00	5.38	(4.87)	22.06
INDI	3.67	0.22	0.14	0.13	3.08	(5.02)	12.78	(5.13)	25.00
CRSR	2.30	(0.31)	0.00	(0.03)	0.00	0.00	5.61	(5.41)	15.75
AEHR	5.57	0.26	0.08	0.15	5.47	(7.58)	11.32	(9.28)	53.23
LAES	5.89	1.17	0.24	0.39	4.82	(7.40)	18.84	(11.17)	54.77

Alpha Corporate Executives

Elected by the shareholders, the Alpha's board of directors comprises two types of representatives: Alpha inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alpha. The board's role is to monitor Alpha's management team and ensure that shareholders' interests are well served. Alpha's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alpha's outside directors are responsible for providing unbiased perspectives on the board's policies.

Yifan Liang

CFO and Corporate Secretary

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