Indie Semiconductor Correlations

Stocks . USA . 
Stock . indie Semiconductor
INDI Stock  USD 1.91  0.05  2.69%   
The current 90-days correlation between indie Semiconductor and inTest is 0.38 (i.e., Weak diversification). The correlation of Indie Semiconductor 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.

Indie Semiconductor Correlation With Market

Poor diversification

The correlation between indie Semiconductor and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding indie Semiconductor and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Indie Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in indie Semiconductor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For more detail on how to invest in Indie Stock please use our How to Invest in Indie Semiconductor guide.

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Risk-Adjusted Indicators

There is a big difference between Indie Stock performing well and Indie Semiconductor 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 Indie Semiconductor'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.

Indie Semiconductor Corporate Management

Lionel FederspielExecutive EngineeringProfile
Vincent WangExecutive MarketingProfile
Audrey WongChief SecretaryProfile
Steven MachugaChief OfficerProfile
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