Sitime Correlations

SITM Stock

USD 322.91 0.01 0%

The current 90-days correlation between Sitime and Universal Display is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sitime moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitime moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sitime Correlation With Market

Weak diversification

The correlation between Sitime and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sitime and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sitime Stock

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

To learn how to invest in Sitime Stock, please use our How to Invest in Sitime guide.

Moving together with Sitime Stock

0.76	INTC	Intel	Pair Corr
0.75	KLAC	KLA Tencor	Pair Corr
0.69	LEDS	SemiLEDS	Pair Corr
0.79	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.71	QCOM	Qualcomm Incorporated	Pair Corr
0.69	AMAT	Applied Materials Earnings Call This Week	Pair Corr
0.88	PBMRF	PT Bumi Resources	Pair Corr
0.67	ILLR	Triller Group	Pair Corr
0.87	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.83	BK	Bank of New York	Pair Corr
0.62	PATH	Uipath Inc	Pair Corr
0.72	UEC	Uranium Energy Corp Sell-off Trend	Pair Corr
0.74	PLG	Platinum Group Metals	Pair Corr
0.61	DD	Dupont De Nemours Earnings Call Today	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.84	GE	GE Aerospace	Pair Corr
0.76	IBM	International Business	Pair Corr
0.72	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against Sitime Stock

0.63	TXN	Texas Instruments	Pair Corr
0.38	PBCRF	PT Bank Central	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.51	T	ATT Inc	Pair Corr
0.51	KO	Coca Cola Aggressive Push	Pair Corr
0.48	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	OLED	CRUS	ONTO	QRVO	BLSH	SANM	SOUN	KVYO	SMTC	DSGX
OLED		0.67	0.48	0.73	0.26	0.02	0.56	-0.41	0.34	-0.17	OLED
CRUS	0.67		0.84	0.59	0.13	0.33	0.66	-0.54	0.77	-0.47	CRUS
ONTO	0.48	0.84		0.31	0.12	0.5	0.78	-0.64	0.84	-0.66	ONTO
QRVO	0.73	0.59	0.31		0.26	-0.08	0.26	-0.07	0.22	-0.05	QRVO
BLSH	0.26	0.13	0.12	0.26		-0.47	0.12	0.15	-0.1	0.14	BLSH
SANM	0.02	0.33	0.5	-0.08	-0.47		0.25	-0.48	0.51	-0.71	SANM
SOUN	0.56	0.66	0.78	0.26	0.12	0.25		-0.68	0.66	-0.3	SOUN
KVYO	-0.41	-0.54	-0.64	-0.07	0.15	-0.48	-0.68		-0.69	0.57	KVYO
SMTC	0.34	0.77	0.84	0.22	-0.1	0.51	0.66	-0.69		-0.49	SMTC
DSGX	-0.17	-0.47	-0.66	-0.05	0.14	-0.71	-0.3	0.57	-0.49		DSGX
	OLED	CRUS	ONTO	QRVO	BLSH	SANM	SOUN	KVYO	SMTC	DSGX

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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

ONTO	+ 0.84	CRUS
SMTC	+ 0.84	ONTO
SOUN	+ 0.78	ONTO
SMTC	+ 0.77	CRUS
QRVO	+ 0.73	OLED
CRUS	+ 0.67	OLED

High negative correlations

DSGX	- 0.71	SANM
SMTC	- 0.69	KVYO
KVYO	- 0.68	SOUN
DSGX	- 0.66	ONTO
KVYO	- 0.64	ONTO
KVYO	- 0.54	CRUS

Risk-Adjusted Indicators

There is a big difference between Sitime Stock performing well and Sitime 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 Sitime'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
OLED	1.88	(0.29)	0.00	(0.08)	0.00	0.00	3.44	(3.88)	13.35
CRUS	1.55	0.09	0.07	0.14	2.34	(1.54)	3.95	(3.20)	13.84
ONTO	2.73	0.43	0.18	0.26	3.00	(3.32)	6.21	(4.22)	22.18
QRVO	1.64	(0.22)	0.00	(0.01)	0.00	0.00	4.36	(3.17)	12.53
BLSH	5.98	0.29	0.13	0.14	5.32	(7.54)	10.99	(8.97)	96.31
SANM	2.75	0.56	0.18	0.86	2.58	(3.42)	7.21	(3.96)	32.99
SOUN	4.48	0.30	0.09	0.19	4.70	(4.78)	10.25	(8.38)	37.97
KVYO	2.45	(0.25)	0.00	(0.08)	0.00	0.00	4.98	(6.07)	17.04
SMTC	2.70	0.37	0.18	0.27	2.34	(3.50)	5.45	(4.50)	22.10
DSGX	1.32	(0.41)	0.00	(0.22)	0.00	0.00	2.34	(2.61)	13.83

Sitime Corporate Management

Arthur Chadwick	Ex CFO	Profile
Samsheer Ahmad	Senior Officer	Profile
David Sweet	Partner	Profile
Atul Shingal	Executive Operations	Profile
Danny Flavelle	Partner	Profile

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