Monolithic Power Correlations
| MPWR Stock | USD 764.40 17.43 2.33% |
The current 90-days correlation between Monolithic Power Systems and Cimpress NV is 0.73 (i.e., Poor diversification). The correlation of Monolithic Power 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.
Monolithic Power Correlation With Market
Good diversification
The correlation between Monolithic Power Systems and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monolithic Power Systems and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Monolithic Stock
| 0.93 | DIOD | Diodes Incorporated | PairCorr |
| 0.88 | MU | Micron Technology | PairCorr |
| 0.88 | MX | MagnaChip Semiconductor | PairCorr |
| 0.88 | ON | ON Semiconductor | PairCorr |
| 0.93 | PI | Impinj Inc | PairCorr |
| 0.95 | MCHP | Microchip Technology Sell-off Trend | PairCorr |
| 0.94 | MRAM | Everspin Technologies | PairCorr |
| 0.87 | MRVL | Marvell Technology | PairCorr |
| 0.94 | MTSI | MACOM Technology Sol | PairCorr |
| 0.94 | MCHPP | Microchip Technology | PairCorr |
| 0.93 | NVEC | NVE Corporation | PairCorr |
| 0.92 | NVDA | NVIDIA | PairCorr |
| 0.69 | NVTS | Navitas Semiconductor | PairCorr |
| 0.91 | BB | BlackBerry | PairCorr |
| 0.97 | KD | Kyndryl Holdings | PairCorr |
| 0.97 | KN | Knowles Cor | PairCorr |
| 0.94 | UI | Ubiquiti Networks | PairCorr |
| 0.88 | ZS | Zscaler | PairCorr |
| 0.75 | DMRC | Digimarc | PairCorr |
| 0.69 | VEEA | Veea Inc Symbol Change | PairCorr |
| 0.7 | VSAT | ViaSat Inc Buyout Trend | PairCorr |
| 0.89 | EPAM | EPAM Systems | PairCorr |
| 0.77 | ERIC | Telefonaktiebolaget Earnings Call This Week | PairCorr |
| 0.87 | WKEY | Wisekey International | PairCorr |
| 0.97 | EXTR | Extreme Networks | PairCorr |
| 0.88 | IBM | International Business | PairCorr |
Moving against Monolithic Stock
| 0.39 | MOBX | Mobix Labs | PairCorr |
| 0.36 | WOLF | Wolfspeed Buyout Trend | PairCorr |
| 0.76 | FI | Fiserv, | PairCorr |
| 0.4 | VIAV | Viavi Solutions | PairCorr |
Related Correlations Analysis
| 0.66 | 0.43 | -0.35 | 0.64 | 0.15 | CMPR | ||
| 0.66 | 0.8 | -0.73 | 0.61 | 0.09 | DH | ||
| 0.43 | 0.8 | -0.56 | 0.45 | -0.01 | CSXXY | ||
| -0.35 | -0.73 | -0.56 | -0.39 | 0.15 | STGW | ||
| 0.64 | 0.61 | 0.45 | -0.39 | 0.16 | XWEL | ||
| 0.15 | 0.09 | -0.01 | 0.15 | 0.16 | SSY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Monolithic Stock performing well and Monolithic Power 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 Monolithic Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMPR | 2.11 | 0.22 | 0.03 | (0.55) | 2.78 | 4.47 | 18.48 | |||
| DH | 2.75 | 0.53 | 0.13 | 1.17 | 2.80 | 5.68 | 36.59 | |||
| CSXXY | 2.37 | 0.11 | 0.01 | 0.29 | 3.18 | 8.04 | 18.80 | |||
| STGW | 2.99 | (0.29) | 0.00 | 1.05 | 0.00 | 5.27 | 24.48 | |||
| XWEL | 3.47 | (0.06) | 0.00 | (0.03) | 0.00 | 6.38 | 30.28 | |||
| SSY | 3.15 | (0.11) | 0.00 | (0.47) | 0.00 | 8.89 | 19.50 |
Monolithic Power Corporate Executives
Elected by the shareholders, the Monolithic Power's board of directors comprises two types of representatives: Monolithic Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Monolithic. The board's role is to monitor Monolithic Power's management team and ensure that shareholders' interests are well served. Monolithic Power'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, Monolithic Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Theodore CPA | Executive CFO | Profile | |
| Meera Rao | CFO and Principal Accounting Officer | Profile | |
| Theodore Blegen | Executive CFO | Profile | |
| Bernie Blegen | CFO, Corporate Controller | Profile |