Cirrus Logic Correlations
CRUS Stock | USD 105.98 1.50 1.40% |
The current 90-days correlation between Cirrus Logic and Skyworks Solutions is 0.95 (i.e., Almost no diversification). The correlation of Cirrus Logic 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.
Cirrus Logic Correlation With Market
Very poor diversification
The correlation between Cirrus Logic and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cirrus Logic and DJI in the same portfolio, assuming nothing else is changed.
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Moving against Cirrus Stock
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Risk-Adjusted Indicators
There is a big difference between Cirrus Stock performing well and Cirrus Logic 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 Cirrus Logic'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SWKS | 2.19 | 0.13 | 0.04 | 0.11 | 3.58 | 4.86 | 33.17 | |||
QRVO | 2.57 | 0.15 | 0.04 | 0.11 | 4.22 | 6.01 | 33.49 | |||
ADI | 2.06 | 0.13 | 0.05 | 0.12 | 2.86 | 4.10 | 27.68 | |||
LSCC | 3.29 | (0.33) | 0.00 | (0.09) | 0.00 | 5.96 | 32.01 | |||
MCHP | 3.24 | 0.48 | 0.11 | 0.23 | 4.30 | 10.16 | 40.64 |
Cirrus Logic Corporate Management
Venkatesh Nathamuni | Chief Officer | Profile | |
Jeffrey Woolard | Chief Officer | Profile | |
Carl Alberty | Executive Products | Profile | |
Denise Grode | Executive Officer | Profile |