Alpha Correlations

AOSL Stock

USD 28.65 0.47 1.67%

The current 90-days correlation between Alpha and Omega and Penguin Solutions, is 0.56 (i.e., Very weak 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 0.61 (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 state.

Moving together with Alpha Stock

0.91	MU	Micron Technology	Pair Corr
0.95	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.96	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.86	INTC	Intel Earnings Call This Week	Pair Corr
0.91	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.95	NVDA	NVIDIA Aggressive Push	Pair Corr
0.9	NVMI	Nova	Pair Corr
0.86	OLED	Universal Display	Pair Corr
0.95	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.83	AMBA	Ambarella	Pair Corr
0.94	AVGO	Broadcom Aggressive Push	Pair Corr
0.91	TSEM	Tower Semiconductor	Pair Corr
0.92	CAMT	Camtek	Pair Corr
0.9	VRRM	Verra Mobility Corp	Pair Corr
0.75	ENLV	Enlivex Therapeutics	Pair Corr
0.86	FRGE	Forge Global Holdings	Pair Corr
0.9	IBM	International Business Earnings Call This Week	Pair Corr
0.92	LPL	LG Display Earnings Call This Week	Pair Corr
0.73	GILT	Gilat Satellite Networks	Pair Corr
0.84	ITRN	Ituran Location	Pair Corr
0.94	LITE	Lumentum Holdings	Pair Corr
0.82	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.93	MSFT	Microsoft	Pair Corr
0.64	AVPTW	AvePoint	Pair Corr
0.66	NTGR	NETGEAR Earnings Call This Week	Pair Corr
0.73	RGTIW	Rigetti Computing Trending	Pair Corr
0.71	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.88	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.88	RDWR	Radware	Pair Corr
0.73	RGTI	Rigetti Computing Trending	Pair Corr
0.92	AAOI	Applied Opt	Pair Corr

Moving against Alpha Stock

0.7	ARQQW	Arqit Quantum Warrants	Pair Corr
0.57	QMCO	Quantum	Pair Corr
0.4	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	MX	PENG	MXL	DIOD	SITM	ACLS	CLFD	UCTT
MX		0.75	0.83	0.91	0.87	0.88	0.94	0.66	MX
PENG	0.75		0.92	0.88	0.66	0.86	0.79	0.85	PENG
MXL	0.83	0.92		0.94	0.75	0.92	0.9	0.85	MXL
DIOD	0.91	0.88	0.94		0.87	0.98	0.97	0.79	DIOD
SITM	0.87	0.66	0.75	0.87		0.88	0.92	0.49	SITM
ACLS	0.88	0.86	0.92	0.98	0.88		0.94	0.75	ACLS
CLFD	0.94	0.79	0.9	0.97	0.92	0.94		0.69	CLFD
UCTT	0.66	0.85	0.85	0.79	0.49	0.75	0.69		UCTT
	MX	PENG	MXL	DIOD	SITM	ACLS	CLFD	UCTT

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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
MX	2.46	0.54	0.21	0.66	2.06	(3.09)	6.29	(4.46)	17.85
PENG	1.77	0.39	0.21	0.41	1.54	(2.00)	4.10	(3.69)	11.42
MXL	2.49	0.61	0.20	0.57	2.80	(2.89)	5.76	(4.03)	18.12
DIOD	1.99	0.49	0.24	0.50	1.60	(2.28)	5.17	(2.97)	17.03
SITM	2.37	0.49	0.15	0.38	3.21	(2.62)	6.58	(3.25)	29.08
ACLS	2.33	0.44	0.20	0.41	2.18	(2.73)	6.44	(4.54)	13.36
CLFD	1.68	0.59	0.41	0.61	0.80	(2.01)	4.50	(2.04)	11.21
UCTT	2.80	0.13	0.08	0.19	3.36	(3.30)	8.15	(4.96)	23.72

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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