Marvell Technology Correlations

M2RV34 Stock

55.05 2.25 4.26%

The current 90-days correlation between Marvell Technology and Taiwan Semiconductor Manufacturing is 0.12 (i.e., Average diversification). The correlation of Marvell Technology 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.

Marvell Technology Correlation With Market

Average diversification

The correlation between Marvell Technology and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marvell Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Marvell Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marvell Technology 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 Marvell Technology - 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 Marvell Technology to buy it.

Moving together with Marvell Stock

0.78	TSMC34	Taiwan Semiconductor	Pair Corr
0.77	AAPL34	Apple Inc	Pair Corr
0.76	MSFT34	Microsoft	Pair Corr
0.91	GOGL35	Alphabet	Pair Corr
0.91	GOGL34	Alphabet	Pair Corr
0.92	AMZO34	Amazon Inc	Pair Corr
0.91	H1SB34	HSBC Holdings plc	Pair Corr
0.78	BERK34	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	TSMC34	AAPL34	BABA34	MSFT34	B1SA34	GOGL35	GOGL34	AMZO34	H1SB34	BERK34
TSMC34		0.75	0.48	0.65	0.33	0.78	0.78	0.72	0.72	0.46	TSMC34
AAPL34	0.75		0.13	0.75	0.3	0.71	0.71	0.71	0.78	0.82	AAPL34
BABA34	0.48	0.13		-0.05	-0.06	0.24	0.24	0.1	0.11	-0.23	BABA34
MSFT34	0.65	0.75	-0.05		0.33	0.68	0.69	0.81	0.7	0.61	MSFT34
B1SA34	0.33	0.3	-0.06	0.33		0.08	0.09	0.03	0.09	0.12	B1SA34
GOGL35	0.78	0.71	0.24	0.68	0.08		1.0	0.89	0.88	0.67	GOGL35
GOGL34	0.78	0.71	0.24	0.69	0.09	1.0		0.89	0.88	0.66	GOGL34
AMZO34	0.72	0.71	0.1	0.81	0.03	0.89	0.89		0.89	0.69	AMZO34
H1SB34	0.72	0.78	0.11	0.7	0.09	0.88	0.88	0.89		0.76	H1SB34
BERK34	0.46	0.82	-0.23	0.61	0.12	0.67	0.66	0.69	0.76		BERK34
	TSMC34	AAPL34	BABA34	MSFT34	B1SA34	GOGL35	GOGL34	AMZO34	H1SB34	BERK34

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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

GOGL34	+ 1.0	GOGL35
AMZO34	+ 0.89	GOGL35
AMZO34	+ 0.89	GOGL34
H1SB34	+ 0.89	AMZO34
H1SB34	+ 0.88	GOGL35
H1SB34	+ 0.88	GOGL34

High negative correlations

BERK34	- 0.23	BABA34
B1SA34	- 0.06	BABA34
MSFT34	- 0.05	BABA34

Risk-Adjusted Indicators

There is a big difference between Marvell Stock performing well and Marvell Technology 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 Marvell Technology'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
TSMC34	1.85	0.21	0.06	0.55	2.17	(2.02)	4.36	(3.99)	15.95
AAPL34	1.13	0.17	0.04	1.56	1.17	(1.26)	2.77	(2.66)	6.27
BABA34	2.28	0.33	0.07	(1.40)	2.34	(2.66)	4.70	(3.50)	15.57
MSFT34	1.09	0.15	0.01	(8.31)	1.49	(1.13)	2.15	(1.92)	9.01
B1SA34	1.07	0.00	(0.09)	(3.49)	1.26	(1.23)	2.21	(1.81)	5.52
GOGL35	1.29	0.18	0.01	(0.62)	1.64	(1.37)	2.59	(2.88)	8.33
GOGL34	1.30	0.18	0.02	(3.78)	1.60	(1.48)	2.60	(3.06)	10.23
AMZO34	1.50	0.41	0.16	2.82	1.55	(1.68)	3.42	(2.37)	9.46
H1SB34	1.00	0.23	0.08	10.89	1.04	(1.14)	2.00	(2.14)	7.71
BERK34	0.96	0.18	0.03	(3.25)	1.16	(1.00)	2.09	(1.80)	6.49

Marvell Technology Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Marvell Technology stock to make a market-neutral strategy. Peer analysis of Marvell Technology could also be used in its relative valuation, which is a method of valuing Marvell Technology by comparing valuation metrics with similar companies.

Taiwan Semiconductor Manufacturing Apple Inc Alibaba Group Holding Microsoft Banco Santander Chile Alphabet Alphabet Amazon Inc HSBC Holdings plc Berkshire Hathaway American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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