MaxLinear Correlations

MXL Stock

USD 17.25 1.93 12.60%

The current 90-days correlation between MaxLinear and Silicon Motion Technology is 0.37 (i.e., Weak 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

Very weak diversification

The correlation between MaxLinear and DJI is 0.44 (i.e., Very weak 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 against MaxLinear Stock

0.75	INTA	Intapp Inc	Pair Corr
0.56	FCUV	Focus Universal	Pair Corr
0.51	OST	Ostin Technology	Pair Corr
0.51	HTCR	HeartCore Enterprises	Pair Corr
0.43	NNDM	Nano Dimension	Pair Corr
0.33	S	SentinelOne Sell-off Trend	Pair Corr

Related Correlations Analysis

	SIMO	MTSI	SMTC	PENG	AOSL	ONTO	MPWR
SIMO		0.97	0.91	0.29	0.51	-0.72	0.92	SIMO
MTSI	0.97		0.92	0.34	0.58	-0.67	0.9	MTSI
SMTC	0.91	0.92		0.48	0.62	-0.58	0.86	SMTC
PENG	0.29	0.34	0.48		0.91	-0.2	0.17	PENG
AOSL	0.51	0.58	0.62	0.91		-0.38	0.41	AOSL
ONTO	-0.72	-0.67	-0.58	-0.2	-0.38		-0.64	ONTO
MPWR	0.92	0.9	0.86	0.17	0.41	-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
MPWR	+ 0.92	SIMO
SMTC	+ 0.92	MTSI
SMTC	+ 0.91	SIMO
AOSL	+ 0.91	PENG
MPWR	+ 0.9	MTSI

High negative correlations

ONTO	- 0.72	SIMO
ONTO	- 0.67	MTSI
MPWR	- 0.64	ONTO
ONTO	- 0.58	SMTC
ONTO	- 0.38	AOSL
ONTO	- 0.2	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	1.92	0.67	0.47	0.69	0.93	(2.43)	5.97	(2.11)	13.37
MTSI	1.43	0.33	0.18	0.56	1.13	(1.56)	4.74	(2.51)	9.83
SMTC	2.63	0.79	0.37	0.65	1.87	(3.19)	8.07	(3.70)	16.53
PENG	1.66	0.29	0.20	0.44	1.29	(1.95)	3.91	(2.22)	12.38
AOSL	2.49	0.24	0.13	0.39	2.43	(2.92)	6.70	(3.65)	18.02
ONTO	2.68	0.35	0.00	0.07	0.00	0.00	5.06	(5.13)	35.49
MPWR	1.92	0.63	0.14	(1.00)	1.56	(2.33)	4.99	(2.94)	17.55

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