Monolithic Power Correlations

MPWR Stock

USD 953.25 9.70 1.03%

The current 90-days correlation between Monolithic Power Systems and NXP Semiconductors NV is 0.63 (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

Very weak diversification

The correlation between Monolithic Power Systems and DJI is 0.53 (i.e., Very weak 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.

Build AI portfolio with Monolithic Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monolithic Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Monolithic Stock

0.65	DIOD	Diodes Incorporated	Pair Corr
0.74	PI	Impinj Inc	Pair Corr
0.7	688123	Giantec Semiconductor	Pair Corr
0.77	603986	GigaDevice SemiconductorBei	Pair Corr
0.62	WOLF	Wolfspeed,	Pair Corr
0.64	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.68	ARM	Arm Holdings plc	Pair Corr
0.71	CAN	Canaan Inc	Pair Corr

Moving against Monolithic Stock

0.54	002745	MLS Co	Pair Corr
0.36	300672	Goke Microelectronics	Pair Corr
0.46	JKS	JinkoSolar Holding	Pair Corr
0.34	ICG	Intchains Group	Pair Corr

Related Correlations Analysis

	NXPI	ASX	XYZ	WDC	UI	GRMN	TTWO	EA	STX	TEAM
NXPI		-0.19	0.32	-0.11	0.16	0.51	0.47	-0.14	-0.01	0.5	NXPI
ASX	-0.19		-0.67	0.91	-0.35	-0.82	-0.54	0.44	0.83	0.21	ASX
XYZ	0.32	-0.67		-0.78	0.85	0.89	0.79	-0.35	-0.69	0.25	XYZ
WDC	-0.11	0.91	-0.78		-0.56	-0.81	-0.6	0.53	0.95	0.04	WDC
UI	0.16	-0.35	0.85	-0.56		0.66	0.77	-0.15	-0.51	0.31	UI
GRMN	0.51	-0.82	0.89	-0.81	0.66		0.81	-0.27	-0.73	0.1	GRMN
TTWO	0.47	-0.54	0.79	-0.6	0.77	0.81		-0.04	-0.56	0.23	TTWO
EA	-0.14	0.44	-0.35	0.53	-0.15	-0.27	-0.04		0.43	-0.25	EA
STX	-0.01	0.83	-0.69	0.95	-0.51	-0.73	-0.56	0.43		0.08	STX
TEAM	0.5	0.21	0.25	0.04	0.31	0.1	0.23	-0.25	0.08		TEAM
	NXPI	ASX	XYZ	WDC	UI	GRMN	TTWO	EA	STX	TEAM

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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

STX	+ 0.95	WDC
WDC	+ 0.91	ASX
GRMN	+ 0.89	XYZ
UI	+ 0.85	XYZ
STX	+ 0.83	ASX
TTWO	+ 0.81	GRMN

High negative correlations

GRMN	- 0.82	ASX
GRMN	- 0.81	WDC
WDC	- 0.78	XYZ
STX	- 0.73	GRMN
STX	- 0.69	XYZ
XYZ	- 0.67	ASX

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
NXPI	1.70	(0.08)	(0.01)	0.01	2.39	(1.63)	3.89	(3.87)	10.79
ASX	2.09	0.38	0.17	0.34	1.99	(2.40)	5.45	(3.59)	13.07
XYZ	2.08	(0.35)	0.00	(0.12)	0.00	0.00	2.96	(5.28)	14.15
WDC	3.38	0.69	0.20	0.49	3.00	(3.89)	8.75	(5.39)	22.10
UI	2.22	(0.22)	0.00	(0.06)	0.00	0.00	3.41	(4.07)	29.29
GRMN	1.20	(0.28)	0.00	(0.19)	0.00	0.00	2.10	(2.42)	15.12
TTWO	1.08	(0.05)	0.00	(0.02)	0.00	0.00	2.36	(1.84)	12.57
EA	0.60	0.24	0.28	0.68	0.16	(0.77)	0.52	(0.28)	15.20
STX	3.30	0.31	0.10	0.25	3.28	(3.91)	6.69	(6.56)	26.42
TEAM	1.80	(0.12)	0.00	(0.05)	0.00	0.00	4.50	(3.80)	12.54

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

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