Skyworks Solutions Correlations

SWKS Stock

USD 86.80 0.52 0.60%

The current 90-days correlation between Skyworks Solutions and Microchip Technology is 0.76 (i.e., Poor diversification). The correlation of Skyworks Solutions 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.

Skyworks Solutions Correlation With Market

Very weak diversification

The correlation between Skyworks Solutions and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Skyworks Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skyworks Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Skyworks Stock please use our How to Invest in Skyworks Solutions guide.

Moving together with Skyworks Stock

0.83	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.63	ADI	Analog Devices	Pair Corr
0.88	MCHP	Microchip Technology	Pair Corr
0.85	MPWR	Monolithic Power Systems	Pair Corr
0.62	NXPI	NXP Semiconductors	Pair Corr
0.96	QRVO	Qorvo Inc	Pair Corr
0.92	AMKR	Amkor Technology	Pair Corr
0.65	SLAB	Silicon Laboratories	Pair Corr
0.89	CDW	CDW Corp	Pair Corr

Moving against Skyworks Stock

0.81	CAN	Canaan Inc Aggressive Push	Pair Corr
0.79	SITM	Sitime	Pair Corr
0.75	RMBS	Rambus Inc	Pair Corr
0.7	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.45	LSCC	Lattice Semiconductor	Pair Corr
0.88	NN	Nextnav Acquisition Corp	Pair Corr
0.88	FICO	Fair Isaac	Pair Corr
0.88	APP	Applovin Corp	Pair Corr
0.86	CRM	Salesforce	Pair Corr
0.8	ZM	Zoom Video Communications	Pair Corr
0.72	S	SentinelOne	Pair Corr
0.67	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.67	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.66	EPAM	EPAM Systems	Pair Corr
0.6	IT	Gartner	Pair Corr
0.55	GB	Global Blue Group	Pair Corr
0.45	AUR	Aurora Innovation Buyout Trend	Pair Corr
0.37	U	Unity Software Aggressive Push	Pair Corr
0.88	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.86	HUBS	HubSpot	Pair Corr
0.86	IONQ	IONQ Inc	Pair Corr
0.8	GTLB	Gitlab Inc Earnings Call This Week	Pair Corr
0.79	TTD	Trade Desk	Pair Corr
0.76	GLW	Corning Incorporated	Pair Corr

Related Correlations Analysis

	MCHP	LSCC	SYNA	NXPI	TXN	ON	ADI	QRVO	WOLF	MPWR
MCHP		-0.13	0.07	0.76	0.06	0.67	0.85	0.86	0.35	0.95	MCHP
LSCC	-0.13		0.22	0.14	0.28	0.09	0.29	-0.4	0.28	-0.15	LSCC
SYNA	0.07	0.22		0.29	0.43	0.54	0.15	0.03	-0.27	-0.09	SYNA
NXPI	0.76	0.14	0.29		0.39	0.84	0.83	0.54	0.49	0.66	NXPI
TXN	0.06	0.28	0.43	0.39		0.51	0.28	-0.24	0.0	-0.05	TXN
ON	0.67	0.09	0.54	0.84	0.51		0.69	0.39	0.16	0.48	ON
ADI	0.85	0.29	0.15	0.83	0.28	0.69		0.61	0.51	0.82	ADI
QRVO	0.86	-0.4	0.03	0.54	-0.24	0.39	0.61		0.18	0.88	QRVO
WOLF	0.35	0.28	-0.27	0.49	0.0	0.16	0.51	0.18		0.4	WOLF
MPWR	0.95	-0.15	-0.09	0.66	-0.05	0.48	0.82	0.88	0.4		MPWR
	MCHP	LSCC	SYNA	NXPI	TXN	ON	ADI	QRVO	WOLF	MPWR

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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

MPWR	+ 0.95	MCHP
MPWR	+ 0.88	QRVO
QRVO	+ 0.86	MCHP
ADI	+ 0.85	MCHP
ON	+ 0.84	NXPI
ADI	+ 0.83	NXPI

High negative correlations

QRVO	- 0.4	LSCC
WOLF	- 0.27	SYNA
QRVO	- 0.24	TXN
MPWR	- 0.15	LSCC
LSCC	- 0.13	MCHP
MPWR	- 0.09	SYNA

Risk-Adjusted Indicators

There is a big difference between Skyworks Stock performing well and Skyworks Solutions 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 Skyworks Solutions' 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
MCHP	1.76	(0.40)	0.00	(0.17)	0.00	0.00	3.23	(4.17)	10.27
LSCC	2.38	0.05	0.06	0.14	2.87	(2.43)	5.22	(4.15)	18.48
SYNA	2.29	(0.26)	(0.04)	0.00	2.95	(2.53)	4.72	(4.79)	14.26
NXPI	1.78	(0.31)	0.00	(0.10)	0.00	0.00	3.04	(4.35)	10.93
TXN	1.52	(0.23)	0.00	(0.05)	0.00	0.00	3.01	(3.18)	9.50
ON	1.95	(0.30)	0.00	(0.06)	0.00	0.00	3.50	(4.26)	11.37
ADI	1.54	(0.26)	0.00	(0.05)	0.00	0.00	2.90	(3.05)	9.32
QRVO	1.84	(0.86)	0.00	(0.46)	0.00	0.00	2.52	(3.45)	30.69
WOLF	6.83	(0.54)	(0.01)	0.01	9.30	(7.55)	20.41	(11.56)	60.51
MPWR	2.53	(0.94)	0.00	(0.38)	0.00	0.00	3.68	(6.62)	23.31

Skyworks Solutions Corporate Management

Philip Carter	VP Officer	Profile
Karilee Durham	Senior Resources	Profile
Brian Mirkin	Senior Solutions	Profile
Reza Kasnavi	Senior Manufacturing	Profile

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