Infineon Technologies Correlations

Summary

IFNNYDelisted Stock

USD 40.82 0.11 0.27%

The current 90-days correlation between Infineon Technologies and Renesas Electronics is 0.02 (i.e., Significant diversification). The correlation of Infineon Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Infineon Technologies Correlation With Market

Good diversification

The correlation between Infineon Technologies AG and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infineon Technologies AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Infineon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Infineon Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Infineon Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Infineon Technologies AG to buy it.

Moving together with Infineon OTC Stock

0.7	EMKR	EMCORE Fiscal Year End 10th of December 2024	Pair Corr
0.67	TSM	Taiwan Semiconductor Fiscal Year End 16th of January 2025	Pair Corr
0.78	MRVL	Marvell Technology	Pair Corr
0.77	MTSI	MACOM Technology Sol	Pair Corr
0.79	NVDA	NVIDIA	Pair Corr

Moving against Infineon OTC Stock

0.75	UMC	United Microelectronics	Pair Corr
0.65	ICG	Intchains Group	Pair Corr
0.58	STM	STMicroelectronics NV ADR Fiscal Year End 23rd of January 2025	Pair Corr
0.53	VSH	Vishay Intertechnology Tech Boost	Pair Corr
0.5	VLN	Valens	Pair Corr
0.48	WKEY	Wisekey International	Pair Corr
0.43	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.42	FORM	FormFactor	Pair Corr
0.34	AMD	Advanced Micro Devices	Pair Corr
0.7	NLST	Netlist	Pair Corr
0.63	MOBXW	Mobix Labs Symbol Change	Pair Corr
0.63	IMOS	ChipMOS Technologies	Pair Corr
0.63	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.62	NMGC	NeoMagic	Pair Corr
0.55	OPTI	Optec International	Pair Corr
0.52	MOBX	Mobix Labs Symbol Change	Pair Corr
0.47	PRKR	ParkerVision	Pair Corr

Related Correlations Analysis

	RNECF	POWI	ROHCY	MTSI	SLAB	DIOD	MXL	AMKR	MCHP	ON
RNECF		-0.13	0.57	-0.53	0.38	0.37	-0.33	0.7	0.53	0.3	RNECF
POWI	-0.13		0.03	0.64	0.46	0.58	0.39	-0.06	0.02	0.47	POWI
ROHCY	0.57	0.03		-0.61	0.6	0.56	-0.55	0.7	0.82	0.44	ROHCY
MTSI	-0.53	0.64	-0.61		-0.17	-0.07	0.61	-0.62	-0.66	-0.12	MTSI
SLAB	0.38	0.46	0.6	-0.17		0.76	0.05	0.75	0.77	0.65	SLAB
DIOD	0.37	0.58	0.56	-0.07	0.76		-0.02	0.56	0.63	0.67	DIOD
MXL	-0.33	0.39	-0.55	0.61	0.05	-0.02		-0.21	-0.32	0.05	MXL
AMKR	0.7	-0.06	0.7	-0.62	0.75	0.56	-0.21		0.86	0.47	AMKR
MCHP	0.53	0.02	0.82	-0.66	0.77	0.63	-0.32	0.86		0.64	MCHP
ON	0.3	0.47	0.44	-0.12	0.65	0.67	0.05	0.47	0.64		ON
	RNECF	POWI	ROHCY	MTSI	SLAB	DIOD	MXL	AMKR	MCHP	ON

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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

MCHP	+ 0.86	AMKR
MCHP	+ 0.82	ROHCY
MCHP	+ 0.77	SLAB
DIOD	+ 0.76	SLAB
AMKR	+ 0.75	SLAB
AMKR	+ 0.7	RNECF

High negative correlations

MCHP	- 0.66	MTSI
AMKR	- 0.62	MTSI
MTSI	- 0.61	ROHCY
MXL	- 0.55	ROHCY
MTSI	- 0.53	RNECF
MXL	- 0.33	RNECF

Risk-Adjusted Indicators

There is a big difference between Infineon OTC Stock performing well and Infineon Technologies OTC Stock 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 Infineon Technologies' 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
RNECF	4.04	(0.01)	0.00	0.14	0.00	0.00	12.71	(12.68)	33.81
POWI	1.90	(0.19)	(0.03)	0.03	2.45	(1.86)	3.97	(3.51)	11.40
ROHCY	1.85	(0.46)	0.00	(2.02)	0.00	0.00	2.98	(3.97)	12.24
MTSI	2.08	0.16	0.10	0.22	2.38	(2.40)	5.00	(3.42)	17.09
SLAB	2.13	(0.36)	0.00	(0.01)	0.00	0.00	3.67	(4.19)	14.95
DIOD	2.29	(0.31)	0.00	(0.01)	0.00	0.00	4.92	(4.41)	12.81
MXL	3.40	0.00	0.07	0.13	4.16	(3.85)	8.45	(6.75)	27.68
AMKR	1.98	(0.57)	0.00	(0.13)	0.00	0.00	3.95	(4.84)	10.30
MCHP	1.74	(0.38)	0.00	(0.15)	0.00	0.00	3.23	(4.17)	10.27
ON	1.94	(0.27)	0.00	(0.03)	0.00	0.00	3.50	(4.26)	11.37

View Infineon Technologies Related Equities

Renesas Electronics Power Integrations Rohm Co Ltd MACOM Technology Solutions Silicon Laboratories Diodes Incorporated MaxLinear Amkor Technology Microchip Technology ON Semiconductor NXP Semiconductors NV Wolfspeed Lattice Semiconductor Texas Instruments Incorporated Analog Devices

Risk & Return

Correlation

Infineon Technologies Corporate Management

Elected by the shareholders, the Infineon Technologies' board of directors comprises two types of representatives: Infineon Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Infineon. The board's role is to monitor Infineon Technologies' management team and ensure that shareholders' interests are well served. Infineon Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Infineon Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jochen Hanebeck	Member of the Management Board	Profile
Michael Eickstedt	Corp Counsel	Profile
Rutger Wijburg	COO Board	Profile
Constanze Hufenbecher	Chief Board	Profile
Alexander Foltin	Head of Investor Relations	Profile
Andreas Urschitz	Chief Board	Profile
Bernd Hops	Chief Policy	Profile

Still Interested in Infineon Technologies AG?

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