GSI Technology Correlations

GSIT Stock

USD 5.63 0.00 0.00%

The current 90-days correlation between GSI Technology and Wisekey International Holding is 0.06 (i.e., Significant diversification). The correlation of GSI 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.

GSI Technology Correlation With Market

Modest diversification

The correlation between GSI Technology and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GSI Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GSI Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GSI Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy GSI Stock please use our How to Invest in GSI Technology guide.

Moving together with GSI Stock

0.77	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.7	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.74	INTC	Intel Earnings Call This Week	Pair Corr
0.74	NVDA	NVIDIA Aggressive Push	Pair Corr
0.72	NVMI	Nova	Pair Corr
0.7	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.71	AMBA	Ambarella	Pair Corr
0.67	AVGO	Broadcom Aggressive Push	Pair Corr
0.78	TSEM	Tower Semiconductor	Pair Corr
0.8	CAMT	Camtek	Pair Corr
0.75	ENLV	Enlivex Therapeutics	Pair Corr
0.79	GILT	Gilat Satellite Networks	Pair Corr
0.69	ITRN	Ituran Location	Pair Corr
0.68	LITE	Lumentum Holdings	Pair Corr
0.67	MSFT	Microsoft	Pair Corr
0.71	RGTIW	Rigetti Computing Trending	Pair Corr
0.61	RDWR	Radware	Pair Corr
0.73	RGTI	Rigetti Computing Trending	Pair Corr
0.78	AAOI	Applied Opt	Pair Corr

Moving against GSI Stock

0.52	ARQQW	Arqit Quantum Warrants	Pair Corr
0.44	QMCO	Quantum	Pair Corr

Related Correlations Analysis

	WKEY	NA	LEDS	LAES	MRAM	AXTI	GENC	DAIO	TRAK
WKEY		0.5	0.78	0.88	0.62	0.66	0.82	0.78	-0.11	WKEY
NA	0.5		0.37	0.72	0.48	0.73	0.59	0.65	-0.59	NA
LEDS	0.78	0.37		0.67	0.42	0.53	0.74	0.61	0.04	LEDS
LAES	0.88	0.72	0.67		0.61	0.81	0.8	0.82	-0.43	LAES
MRAM	0.62	0.48	0.42	0.61		0.82	0.8	0.86	-0.42	MRAM
AXTI	0.66	0.73	0.53	0.81	0.82		0.8	0.92	-0.68	AXTI
GENC	0.82	0.59	0.74	0.8	0.8	0.8		0.92	-0.25	GENC
DAIO	0.78	0.65	0.61	0.82	0.86	0.92	0.92		-0.51	DAIO
TRAK	-0.11	-0.59	0.04	-0.43	-0.42	-0.68	-0.25	-0.51		TRAK
	WKEY	NA	LEDS	LAES	MRAM	AXTI	GENC	DAIO	TRAK

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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

DAIO	+ 0.92	AXTI
DAIO	+ 0.92	GENC
LAES	+ 0.88	WKEY
DAIO	+ 0.86	MRAM
GENC	+ 0.82	WKEY
DAIO	+ 0.82	LAES

High negative correlations

TRAK	- 0.68	AXTI
TRAK	- 0.59	NA
TRAK	- 0.51	DAIO
TRAK	- 0.43	LAES
TRAK	- 0.42	MRAM
TRAK	- 0.25	GENC

Risk-Adjusted Indicators

There is a big difference between GSI Stock performing well and GSI 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 GSI 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
WKEY	5.04	0.54	0.17	0.32	4.10	(6.38)	13.02	(7.28)	25.33
NA	7.28	1.78	0.25	(43.15)	5.39	(9.73)	21.54	(10.01)	94.81
LEDS	3.60	0.07	0.02	0.19	4.65	(3.63)	9.95	(6.04)	27.15
LAES	4.84	0.52	0.11	0.39	5.16	(5.58)	13.01	(8.35)	32.68
MRAM	1.88	0.45	0.15	1.13	2.01	(2.23)	4.05	(2.74)	18.09
AXTI	4.09	0.94	0.25	0.49	3.81	(5.00)	10.92	(6.45)	33.42
GENC	2.42	0.17	0.07	0.27	2.84	(2.69)	4.75	(5.36)	19.77
DAIO	1.83	0.65	0.26	1.91	1.62	(2.30)	4.17	(2.99)	14.32
TRAK	1.43	(0.21)	0.00	(0.15)	0.00	0.00	3.30	(3.70)	7.64

GSI Technology Corporate Management

Ping Wu	VP of U.S. Operations	Profile
Didier Lasserre	VP of Sales	Profile
Patrick Chuang	Senior Design	Profile
Douglas CPA	Chief Officer	Profile
Douglas Schirle	Chief Officer	Profile

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