Wolfspeed Correlations

WOLF Stock

USD 18.93 1.52 8.73%

The current 90-days correlation between Wolfspeed and POET Technologies is 0.31 (i.e., Weak diversification). The correlation of Wolfspeed 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.

Wolfspeed Correlation With Market

Average diversification

The correlation between Wolfspeed and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wolfspeed and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Wolfspeed Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wolfspeed. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in Wolfspeed Stock please use our How to Invest in Wolfspeed guide.

Moving together with Wolfspeed Stock

0.72	MX	MagnaChip Semiconductor	Pair Corr
0.72	INDI	indie Semiconductor	Pair Corr
0.66	NVTS	Navitas Semiconductor Upward Rally	Pair Corr
0.76	OLED	Universal Display	Pair Corr
0.66	UCTT	Ultra Clean Holdings	Pair Corr
0.66	JD	JD Inc Adr Aggressive Push	Pair Corr
0.68	MSFT	Microsoft	Pair Corr

Moving against Wolfspeed Stock

0.68	TSEM	Tower Semiconductor	Pair Corr
0.64	VLKAF	Volkswagen AG	Pair Corr
0.6	MU	Micron Technology Aggressive Push	Pair Corr
0.56	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.48	AMAT	Applied Materials	Pair Corr
0.47	AMKR	Amkor Technology	Pair Corr
0.46	SAR	Saratoga Investment Corp Earnings Call This Week	Pair Corr
0.45	AMZN	Amazon Inc	Pair Corr
0.38	ACN	Accenture plc	Pair Corr
0.31	QCOM	Qualcomm Incorporated	Pair Corr
0.81	DD	Dupont De Nemours	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr
0.68	FTV	Fortive Corp	Pair Corr
0.67	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.61	VWAGY	Volkswagen AG 110	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.54	KO	Coca Cola	Pair Corr
0.53	JNJ	Johnson Johnson	Pair Corr
0.49	VLKPF	Volkswagen AG VZO	Pair Corr
0.45	MMM	3M Company	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.41	PFE	Pfizer Inc	Pair Corr
0.4	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	POET	CEVA	AIP	CAN	AMBQ	BMBL	ARQQ	BZAI	PSFE	AOSL
POET		0.52	0.09	0.5	0.92	0.61	0.64	0.63	0.69	0.71	POET
CEVA	0.52		-0.38	0.73	0.55	0.82	0.77	0.82	0.83	0.73	CEVA
AIP	0.09	-0.38		-0.43	0.17	-0.47	-0.43	-0.49	-0.37	-0.36	AIP
CAN	0.5	0.73	-0.43		0.45	0.87	0.75	0.88	0.85	0.89	CAN
AMBQ	0.92	0.55	0.17	0.45		0.61	0.61	0.59	0.72	0.65	AMBQ
BMBL	0.61	0.82	-0.47	0.87	0.61		0.88	0.93	0.95	0.95	BMBL
ARQQ	0.64	0.77	-0.43	0.75	0.61	0.88		0.93	0.88	0.84	ARQQ
BZAI	0.63	0.82	-0.49	0.88	0.59	0.93	0.93		0.93	0.9	BZAI
PSFE	0.69	0.83	-0.37	0.85	0.72	0.95	0.88	0.93		0.9	PSFE
AOSL	0.71	0.73	-0.36	0.89	0.65	0.95	0.84	0.9	0.9		AOSL
	POET	CEVA	AIP	CAN	AMBQ	BMBL	ARQQ	BZAI	PSFE	AOSL

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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

PSFE	+ 0.95	BMBL
AOSL	+ 0.95	BMBL
BZAI	+ 0.93	BMBL
BZAI	+ 0.93	ARQQ
PSFE	+ 0.93	BZAI
AMBQ	+ 0.92	POET

High negative correlations

BZAI	- 0.49	AIP
BMBL	- 0.47	AIP
ARQQ	- 0.43	AIP
CAN	- 0.43	AIP
AIP	- 0.38	CEVA
PSFE	- 0.37	AIP

Risk-Adjusted Indicators

There is a big difference between Wolfspeed Stock performing well and Wolfspeed 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 Wolfspeed'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
POET	5.92	0.50	0.07	(1.08)	6.10	(6.91)	13.11	(9.96)	38.39
CEVA	3.04	(0.60)	0.00	(0.11)	0.00	0.00	4.76	(7.03)	21.79
AIP	3.76	0.42	0.06	(0.35)	4.66	(4.32)	7.54	(7.51)	43.24
CAN	6.98	(0.25)	0.00	0.14	0.00	0.00	18.42	(12.40)	56.12
AMBQ	3.14	0.03	(0.01)	(0.09)	3.93	(3.12)	5.43	(6.64)	16.72
BMBL	2.68	(0.66)	0.00	1.14	0.00	0.00	3.85	(5.00)	29.73
ARQQ	5.68	(0.90)	0.00	0.70	0.00	0.00	10.14	(10.64)	46.11
BZAI	4.61	(1.21)	0.00	40.76	0.00	0.00	6.40	(10.00)	42.88
PSFE	2.72	(0.64)	0.00	7.40	0.00	0.00	3.92	(5.16)	31.41
AOSL	3.01	(0.26)	0.00	0.22	0.00	0.00	4.89	(7.39)	42.18

Wolfspeed Corporate Management

Cengiz Balkas	Senior Officer	Profile
John Palmour	Founder Wolfspeed	Profile
Rick Madormo	Senior Marketing	Profile
Adam Milton	Senior Operations	Profile
Thomas Agron	Senior Operations	Profile
Marvin Riley	Independent Director	Profile
Priya Almelkar	Senior Officer	Profile

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