Impinj Correlations

PI Stock

USD 120.80 2.56 2.17%

The current 90-days correlation between Impinj Inc and Credo Technology Group is 0.43 (i.e., Very weak diversification). The correlation of Impinj 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.

Impinj Correlation With Market

Very weak diversification

The correlation between Impinj Inc and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Impinj Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Impinj Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Impinj Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Impinj Stock

0.73	VECO	Veeco Instruments	Pair Corr
0.62	TER	Teradyne Earnings Call This Week	Pair Corr
0.67	TSM	Taiwan Semiconductor	Pair Corr
0.65	KLAC	KLA Tencor	Pair Corr
0.61	KLIC	Kulicke and Soffa Earnings Call This Week	Pair Corr
0.68	LRCX	Lam Research Corp Earnings Call This Week	Pair Corr
0.71	NVDA	NVIDIA	Pair Corr
0.69	ACLS	Axcelis Technologies	Pair Corr
0.64	AMAT	Applied Materials	Pair Corr
0.71	ASML	ASML Holding NV	Pair Corr
0.74	AVGO	Broadcom	Pair Corr
0.69	COHU	Cohu Inc Earnings Call This Week	Pair Corr
0.64	HPE	Hewlett Packard Ente	Pair Corr
0.88	VNT	Vontier Corp Earnings Call This Week	Pair Corr
0.8	VPG	Vishay Precision	Pair Corr

Moving against Impinj Stock

0.71	ONTO	Onto Innovation	Pair Corr
0.46	FCUV	Focus Universal	Pair Corr

Related Correlations Analysis

	CRDO	ZBRA	UI	CIEN	CLFD	NTNX	MTSI	LITE
CRDO		0.9	0.69	0.69	0.92	0.31	0.95	0.97	CRDO
ZBRA	0.9		0.9	0.84	0.96	0.59	0.92	0.94	ZBRA
UI	0.69	0.9		0.86	0.87	0.78	0.78	0.8	UI
CIEN	0.69	0.84	0.86		0.82	0.76	0.76	0.76	CIEN
CLFD	0.92	0.96	0.87	0.82		0.59	0.96	0.95	CLFD
NTNX	0.31	0.59	0.78	0.76	0.59		0.49	0.42	NTNX
MTSI	0.95	0.92	0.78	0.76	0.96	0.49		0.96	MTSI
LITE	0.97	0.94	0.8	0.76	0.95	0.42	0.96		LITE
	CRDO	ZBRA	UI	CIEN	CLFD	NTNX	MTSI	LITE

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Risk-Adjusted Indicators

There is a big difference between Impinj Stock performing well and Impinj 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 Impinj'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
CRDO	3.11	1.29	0.56	0.99	1.68	(3.92)	8.69	(4.50)	20.20
ZBRA	1.60	0.17	0.28	0.32	0.95	(2.00)	3.80	(2.24)	15.62
UI	2.16	0.48	0.17	0.81	1.97	(2.45)	5.00	(3.41)	24.70
CIEN	1.63	0.32	0.14	0.46	2.27	(1.84)	5.18	(1.83)	19.28
CLFD	1.74	0.48	0.38	0.57	0.81	(2.12)	4.71	(2.50)	11.21
NTNX	1.41	0.23	0.09	0.62	1.20	(1.63)	3.22	(2.00)	11.06
MTSI	1.43	0.33	0.18	0.56	1.13	(1.56)	4.74	(2.51)	9.83
LITE	2.10	0.83	0.47	0.91	1.12	(2.66)	6.40	(3.54)	14.73

Impinj Corporate Management

Christina Balam	Senior Resources	Profile
Alberto Pesavento	Chief Officer	Profile
Jill West	Vice Communications	Profile
Denise Masters	Principal Accounting Officer	Profile
Yukio CPA	General Officer	Profile
Jukka Voutilainen	Senior Unit	Profile

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