NVIDIA Correlations

NVDA Stock

USD 188.32 5.16 2.82%

The current 90-days correlation between NVIDIA and Intel is 0.12 (i.e., Average diversification). The correlation of NVIDIA 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.

NVIDIA Correlation With Market

Modest diversification

The correlation between NVIDIA and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NVIDIA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NVIDIA Stock

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

For information on how to trade NVIDIA Stock refer to our How to Trade NVIDIA Stock guide.

Moving together with NVIDIA Stock

0.62	VECO	Veeco Instruments	Pair Corr
0.65	WOLF	Wolfspeed Trending	Pair Corr
0.62	AIP	Arteris	Pair Corr
0.68	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.65	688689	Changzhou Galaxy Century	Pair Corr
0.62	FSLR	First Solar	Pair Corr

Moving against NVIDIA Stock

0.51	ON	ON Semiconductor	Pair Corr
0.43	MX	MagnaChip Semiconductor	Pair Corr
0.41	NA	Nano Labs	Pair Corr
0.33	DIOD	Diodes Incorporated	Pair Corr
0.47	ENPH	Enphase Energy Earnings Call Next Week	Pair Corr
0.34	4DS	4DS Memory	Pair Corr
0.41	ICG	Intchains Group	Pair Corr
0.36	GFS	Globalfoundries	Pair Corr
0.34	XPER	Xperi Corp	Pair Corr
0.32	STM	STMicroelectronics NV ADR	Pair Corr

Related Correlations Analysis

	INTC	TSM	MRVL	MU	AMD	AVGO
INTC		0.89	0.63	0.91	0.41	0.58	INTC
TSM	0.89		0.67	0.95	0.48	0.75	TSM
MRVL	0.63	0.67		0.54	0.68	0.16	MRVL
MU	0.91	0.95	0.54		0.4	0.79	MU
AMD	0.41	0.48	0.68	0.4		0.19	AMD
AVGO	0.58	0.75	0.16	0.79	0.19		AVGO
	INTC	TSM	MRVL	MU	AMD	AVGO

Risk-Adjusted Indicators

There is a big difference between NVIDIA Stock performing well and NVIDIA 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 NVIDIA'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
INTC	2.79	0.69	0.26	0.50	2.40	(3.67)	7.12	(3.66)	26.01
TSM	1.63	0.30	0.15	0.38	1.65	(1.84)	3.62	(2.77)	8.47
MRVL	2.29	0.27	0.06	0.22	4.02	(2.27)	4.64	(5.53)	25.68
MU	2.41	0.60	0.20	0.49	2.49	(2.52)	5.84	(3.96)	11.62
AMD	2.53	0.66	0.23	0.77	2.41	(2.98)	5.69	(5.44)	24.84
AVGO	1.67	0.26	0.11	0.68	1.90	(1.74)	3.14	(3.55)	13.61

NVIDIA Corporate Management

Ajay Puri	Executive VP of Worldwide Field Operations	Profile
Mylene Mangalindan	VP Communications	Profile
Timothy JD	General VP	Profile
Prof Dally	Chief Research	Profile
Brian Kelleher	Senior Engineering	Profile
JD CFA	Vice Relations	Profile

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