Semtech Correlations

SMTC Stock

USD 72.97 1.96 2.76%

The current 90-days correlation between Semtech and Camtek is 0.35 (i.e., Weak diversification). The correlation of Semtech 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.

Semtech Correlation With Market

Weak diversification

The correlation between Semtech and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Semtech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Semtech Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Semtech. 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.

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

Moving together with Semtech Stock

0.72	INTC	Intel	Pair Corr
0.63	JBHT	JB Hunt Transport	Pair Corr
0.71	TORO	Toro	Pair Corr

Moving against Semtech Stock

0.4

ACU

Aurora Solar Technologies

Pair Corr

Related Correlations Analysis

	CAMT	ONTO	CRUS	ALGM	FORM	ESE	OLED	ARW	LFUS	CVLT
CAMT		0.36	0.61	0.45	0.19	0.06	0.51	0.34	0.36	0.06	CAMT
ONTO	0.36		0.07	-0.02	0.66	-0.65	-0.37	-0.12	0.27	-0.49	ONTO
CRUS	0.61	0.07		0.77	-0.2	0.18	0.74	0.66	0.54	0.43	CRUS
ALGM	0.45	-0.02	0.77		-0.42	0.07	0.77	0.83	0.72	0.65	ALGM
FORM	0.19	0.66	-0.2	-0.42		-0.19	-0.65	-0.69	-0.34	-0.92	FORM
ESE	0.06	-0.65	0.18	0.07	-0.19		0.32	0.01	-0.23	0.13	ESE
OLED	0.51	-0.37	0.74	0.77	-0.65	0.32		0.82	0.48	0.81	OLED
ARW	0.34	-0.12	0.66	0.83	-0.69	0.01	0.82		0.74	0.86	ARW
LFUS	0.36	0.27	0.54	0.72	-0.34	-0.23	0.48	0.74		0.53	LFUS
CVLT	0.06	-0.49	0.43	0.65	-0.92	0.13	0.81	0.86	0.53		CVLT
	CAMT	ONTO	CRUS	ALGM	FORM	ESE	OLED	ARW	LFUS	CVLT

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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

CVLT	+ 0.86	ARW
ARW	+ 0.83	ALGM
ARW	+ 0.82	OLED
CVLT	+ 0.81	OLED
ALGM	+ 0.77	CRUS
OLED	+ 0.77	ALGM

High negative correlations

CVLT	- 0.92	FORM
ARW	- 0.69	FORM
OLED	- 0.65	FORM
ESE	- 0.65	ONTO
CVLT	- 0.49	ONTO
FORM	- 0.42	ALGM

Risk-Adjusted Indicators

There is a big difference between Semtech Stock performing well and Semtech 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 Semtech'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
CAMT	3.08	0.18	0.06	0.16	3.29	(3.45)	7.97	(5.48)	21.02
ONTO	2.91	0.34	0.11	0.20	3.59	(3.22)	6.07	(5.41)	17.49
CRUS	1.53	(0.06)	(0.01)	0.02	2.45	(1.40)	4.02	(3.20)	13.84
ALGM	2.12	(0.33)	0.00	(0.08)	0.00	0.00	4.92	(4.49)	13.78
FORM	3.33	0.86	0.26	0.63	2.91	(3.98)	7.26	(5.12)	32.46
ESE	1.39	(0.14)	0.00	(0.13)	0.00	0.00	2.54	(3.16)	7.84
OLED	1.88	(0.31)	0.00	(0.15)	0.00	0.00	3.28	(4.26)	13.35
ARW	1.20	(0.17)	0.00	(0.08)	0.00	0.00	2.33	(2.70)	8.90
LFUS	1.42	(0.12)	0.00	(0.03)	0.00	0.00	2.53	(3.42)	7.32
CVLT	1.90	(0.66)	0.00	(0.50)	0.00	0.00	3.15	(4.21)	21.84

Semtech Corporate Management

Michael Rodensky	Senior Sales	Profile
Tom Mueller	Executive Group	Profile
Francois Tremblay	CTO Group	Profile
Julie McGee	VP Officer	Profile
Jeffrey Gutierrez	Secretary	Profile

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