Wolfspeed Correlations

WOLF Stock

USD 1.39 0.12 7.95%

The current 90-days correlation between Wolfspeed and Lattice Semiconductor is 0.07 (i.e., Significant 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

Very good diversification

The correlation between Wolfspeed and DJI is -0.22 (i.e., Very good 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 bureau of economic analysis.

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

Moving together with Wolfspeed Stock

0.65

MAPSW

WM Technology

Pair Corr

Moving against Wolfspeed Stock

0.68	MU	Micron Technology	Pair Corr
0.63	AVGO	Broadcom Aggressive Push	Pair Corr
0.62	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.62	NVDA	NVIDIA Aggressive Push	Pair Corr
0.61	NVMI	Nova	Pair Corr
0.6	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.6	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.56	VRRM	Verra Mobility Corp	Pair Corr
0.52	CAMT	Camtek	Pair Corr
0.5	TSEM	Tower Semiconductor	Pair Corr
0.47	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.37	OLED	Universal Display	Pair Corr
0.33	AMBA	Ambarella	Pair Corr
0.66	IBM	International Business Earnings Call This Week	Pair Corr
0.62	LITE	Lumentum Holdings	Pair Corr
0.59	LPL	LG Display Earnings Call This Week	Pair Corr
0.56	KPLT	Katapult Holdings	Pair Corr
0.54	MSFT	Microsoft	Pair Corr
0.51	FRGE	Forge Global Holdings	Pair Corr
0.46	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.45	AVPTW	AvePoint	Pair Corr
0.45	RGTIW	Rigetti Computing Trending	Pair Corr
0.4	ITRN	Ituran Location	Pair Corr
0.72	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.65	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.62	AVNW	Aviat Networks	Pair Corr
0.59	RDWR	Radware	Pair Corr
0.59	ALLT	Allot Communications	Pair Corr

Related Correlations Analysis

	NXPI	ADI	MCHP	MPWR	ON	LSCC	GSIT	MXL	TXN
NXPI		0.98	0.95	0.91	0.94	0.75	0.65	0.91	0.97	NXPI
ADI	0.98		0.98	0.95	0.94	0.72	0.64	0.92	0.99	ADI
MCHP	0.95	0.98		0.94	0.96	0.63	0.63	0.91	0.99	MCHP
MPWR	0.91	0.95	0.94		0.83	0.68	0.57	0.84	0.92	MPWR
ON	0.94	0.94	0.96	0.83		0.65	0.71	0.93	0.97	ON
LSCC	0.75	0.72	0.63	0.68	0.65		0.63	0.66	0.68	LSCC
GSIT	0.65	0.64	0.63	0.57	0.71	0.63		0.77	0.69	GSIT
MXL	0.91	0.92	0.91	0.84	0.93	0.66	0.77		0.94	MXL
TXN	0.97	0.99	0.99	0.92	0.97	0.68	0.69	0.94		TXN
	NXPI	ADI	MCHP	MPWR	ON	LSCC	GSIT	MXL	TXN

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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
NXPI	1.88	0.29	0.15	0.35	1.84	(2.28)	4.49	(2.63)	13.96
ADI	1.31	0.31	0.25	0.38	0.92	(1.61)	3.01	(1.88)	12.17
MCHP	2.16	0.98	0.57	2.33	0.87	(2.79)	6.40	(2.54)	15.85
MPWR	1.95	0.51	0.17	(1.76)	1.75	(2.35)	4.99	(3.08)	17.55
ON	2.41	0.65	0.27	0.54	2.14	(2.81)	6.14	(3.70)	17.47
LSCC	2.43	0.09	0.07	0.18	2.63	(3.00)	5.44	(4.70)	21.11
GSIT	3.12	1.03	0.38	1.03	2.22	(4.24)	8.97	(4.33)	17.46
MXL	2.49	0.61	0.20	0.57	2.80	(2.89)	5.76	(4.03)	18.12
TXN	1.38	0.40	0.33	0.43	0.74	(1.65)	3.95	(2.17)	11.52

Wolfspeed Corporate Management

Cengiz Balkas	Senior Lines	Profile
John Palmour	Founder Wolfspeed	Profile
Rick Madormo	Senior Marketing	Profile
Marvin Riley	Independent Director	Profile
Priya Almelkar	Senior Officer	Profile
David Costar	VP Officer	Profile

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