Wolfspeed Correlations

WOLF Stock

USD 0.49 0.09 15.52%

The current 90-days correlation between Wolfspeed and Lattice Semiconductor is 0.37 (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

Modest diversification

The correlation between Wolfspeed and DJI is 0.28 (i.e., Modest 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

IMTE

Integrated Media Tec

Pair Corr

Moving against Wolfspeed Stock

0.55	AEHR	Aehr Test Systems Buyout Trend	Pair Corr
0.52	NVDA	NVIDIA Aggressive Push	Pair Corr
0.48	KLAC	KLA Tencor	Pair Corr
0.46	MU	Micron Technology Aggressive Push	Pair Corr
0.46	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.45	NVMI	Nova Tech Boost	Pair Corr
0.43	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.39	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.35	ACLS	Axcelis Technologies	Pair Corr
0.35	AMAT	Applied Materials	Pair Corr
0.58	ZS	Zscaler	Pair Corr
0.57	NET	Cloudflare	Pair Corr
0.53	AVGO	Broadcom Aggressive Push	Pair Corr
0.52	ORCL	Oracle	Pair Corr
0.51	IBM	International Business	Pair Corr
0.37	ASML	ASML Holding NV	Pair Corr
0.33	ARW	Arrow Electronics	Pair Corr
0.32	CAMT	Camtek	Pair Corr
0.31	U	Unity Software	Pair Corr
0.49	CRWD	Crowdstrike Holdings	Pair Corr
0.48	MSFT	Microsoft Aggressive Push	Pair Corr
0.45	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.43	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.41	META	Meta Platforms Aggressive Push	Pair Corr
0.4	QLYS	Qualys Inc	Pair Corr

Related Correlations Analysis

	NXPI	ADI	MCHP	MPWR	ON	LSCC	GSIT	MXL	TXN
NXPI		0.89	0.86	0.82	0.85	0.59	0.44	0.81	0.89	NXPI
ADI	0.89		0.98	0.96	0.93	0.56	0.62	0.9	0.97	ADI
MCHP	0.86	0.98		0.94	0.96	0.42	0.62	0.86	0.97	MCHP
MPWR	0.82	0.96	0.94		0.86	0.51	0.77	0.82	0.9	MPWR
ON	0.85	0.93	0.96	0.86		0.48	0.5	0.86	0.95	ON
LSCC	0.59	0.56	0.42	0.51	0.48		0.15	0.64	0.53	LSCC
GSIT	0.44	0.62	0.62	0.77	0.5	0.15		0.41	0.46	GSIT
MXL	0.81	0.9	0.86	0.82	0.86	0.64	0.41		0.91	MXL
TXN	0.89	0.97	0.97	0.9	0.95	0.53	0.46	0.91		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	2.72	0.21	0.04	(0.53)	3.72	(2.92)	5.56	(6.44)	32.00
ADI	2.06	0.17	0.06	0.12	2.89	(2.28)	4.10	(4.63)	27.68
MCHP	3.27	0.48	0.11	0.21	4.33	(3.60)	10.16	(7.22)	40.64
MPWR	2.97	0.28	0.07	0.14	4.39	(2.93)	8.15	(6.34)	37.16
ON	3.25	0.28	0.07	0.16	4.26	(3.42)	8.88	(8.35)	33.71
LSCC	3.29	(0.30)	0.00	(0.09)	0.00	0.00	5.96	(9.17)	32.01
GSIT	3.43	0.55	0.16	0.48	3.31	(4.36)	8.76	(5.71)	18.72
MXL	3.53	0.16	0.04	0.10	5.02	(3.66)	5.84	(8.81)	35.30
TXN	2.13	0.17	0.06	0.13	3.00	(2.18)	4.00	(5.75)	23.70

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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