MaxLinear Correlations

MXL Stock

USD 16.36 0.89 5.16%

The current 90-days correlation between MaxLinear and Silicon Motion Technology is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MaxLinear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MaxLinear moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MaxLinear Correlation With Market

Modest diversification

The correlation between MaxLinear and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MaxLinear and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MaxLinear Stock

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

For more information on how to buy MaxLinear Stock please use our How to buy in MaxLinear Stock guide.

Moving together with MaxLinear Stock

0.79	MU	Micron Technology	Pair Corr
0.82	MX	MagnaChip Semiconductor Earnings Call This Week	Pair Corr
0.9	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.73	ENTG	Entegris Earnings Call This Week	Pair Corr
0.96	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.64	TRT	Trio Tech International	Pair Corr
0.94	TSM	Taiwan Semiconductor	Pair Corr
0.65	UMC	United Microelectronics Earnings Call This Week	Pair Corr
0.94	INDI	indie Semiconductor	Pair Corr
0.81	INTC	Intel	Pair Corr
0.9	KLAC	KLA Tencor	Pair Corr
0.82	KLIC	Kulicke and Soffa Earnings Call This Week	Pair Corr
0.89	MRAM	Everspin Technologies Earnings Call This Week	Pair Corr
0.85	MRVL	Marvell Technology	Pair Corr
0.88	MTSI	MACOM Technology Sol Earnings Call This Week	Pair Corr
0.95	NVDA	NVIDIA Sell-off Trend	Pair Corr
0.89	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.91	ACLS	Axcelis Technologies	Pair Corr
0.91	AMKR	Amkor Technology Earnings Call This Week	Pair Corr
0.91	AVGO	Broadcom	Pair Corr
0.93	TSEM	Tower Semiconductor	Pair Corr
0.91	DSWL	Deswell Industries	Pair Corr
0.81	VRNT	Verint Systems	Pair Corr
0.85	FFIV	F5 Networks Earnings Call This Week	Pair Corr
0.93	HPE	Hewlett Packard Ente	Pair Corr
0.77	IBM	International Business	Pair Corr
0.74	LGL	LGL Group	Pair Corr
0.92	VSH	Vishay Intertechnology	Pair Corr
0.9	IPGP	IPG Photonics Earnings Call This Week	Pair Corr
0.83	LASR	nLIGHT Inc	Pair Corr
0.89	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against MaxLinear Stock

0.79	MPTI	M tron Industries, Tech Boost	Pair Corr
0.62	HUBS	HubSpot Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SIMO	MTSI	SMTC	PENG	AOSL	ONTO	MPWR
SIMO		0.97	0.89	0.76	0.89	-0.71	0.91	SIMO
MTSI	0.97		0.91	0.79	0.92	-0.66	0.9	MTSI
SMTC	0.89	0.91		0.94	0.96	-0.55	0.84	SMTC
PENG	0.76	0.79	0.94		0.91	-0.41	0.69	PENG
AOSL	0.89	0.92	0.96	0.91		-0.52	0.89	AOSL
ONTO	-0.71	-0.66	-0.55	-0.41	-0.52		-0.64	ONTO
MPWR	0.91	0.9	0.84	0.69	0.89	-0.64		MPWR
	SIMO	MTSI	SMTC	PENG	AOSL	ONTO	MPWR

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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

MTSI	+ 0.97	SIMO
AOSL	+ 0.96	SMTC
PENG	+ 0.94	SMTC
AOSL	+ 0.92	MTSI
MPWR	+ 0.91	SIMO
SMTC	+ 0.91	MTSI

High negative correlations

ONTO	- 0.71	SIMO
ONTO	- 0.66	MTSI
MPWR	- 0.64	ONTO
ONTO	- 0.55	SMTC
ONTO	- 0.52	AOSL
ONTO	- 0.41	PENG

Risk-Adjusted Indicators

There is a big difference between MaxLinear Stock performing well and MaxLinear 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 MaxLinear'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
SIMO	1.95	0.64	0.47	0.58	0.97	(2.46)	5.97	(2.11)	13.37
MTSI	1.43	0.33	0.20	0.48	1.13	(1.56)	4.74	(2.51)	9.83
SMTC	2.63	0.79	0.38	0.57	1.84	(3.18)	8.07	(3.70)	16.53
PENG	1.68	0.40	0.28	0.45	1.18	(2.00)	4.10	(2.22)	12.38
AOSL	2.67	0.31	0.23	0.32	2.24	(3.30)	7.49	(3.66)	20.50
ONTO	2.65	(0.51)	0.00	(0.05)	0.00	0.00	5.06	(5.13)	35.49
MPWR	1.89	0.09	0.18	0.24	1.47	(2.32)	4.99	(2.76)	17.55

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