Xperi Corp Correlations

XPER Stock

USD 9.72 0.50 5.42%

The current 90-days correlation between Xperi Corp and American Software is -0.04 (i.e., Good diversification). The correlation of Xperi Corp 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.

Xperi Corp Correlation With Market

Very weak diversification

The correlation between Xperi Corp and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xperi Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xperi Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Xperi Stock, please use our How to Invest in Xperi Corp guide.

Moving together with Xperi Stock

0.74

WOLF

Wolfspeed Trending

Pair Corr

Moving against Xperi Stock

0.49	WDAY	Workday Downward Rally	Pair Corr
0.35	EPAM	EPAM Systems	Pair Corr
0.48	INTU	Intuit Inc	Pair Corr

Related Correlations Analysis

	AMSWA	ENFN	ALKT	MNTV	CWAN	EXFY	MODN	ENV	ONTF	MIXT
AMSWA		0.78	0.74	0.58	0.66	0.06	0.74	0.23	0.32	-0.86	AMSWA
ENFN	0.78		0.64	0.45	0.82	0.44	0.65	0.36	0.52	-0.66	ENFN
ALKT	0.74	0.64		0.2	0.8	0.27	0.46	0.57	0.66	-0.82	ALKT
MNTV	0.58	0.45	0.2		0.32	0.0	0.63	-0.08	-0.11	-0.49	MNTV
CWAN	0.66	0.82	0.8	0.32		0.6	0.49	0.66	0.71	-0.69	CWAN
EXFY	0.06	0.44	0.27	0.0	0.6		-0.04	0.78	0.43	-0.06	EXFY
MODN	0.74	0.65	0.46	0.63	0.49	-0.04		-0.05	0.21	-0.69	MODN
ENV	0.23	0.36	0.57	-0.08	0.66	0.78	-0.05		0.52	-0.28	ENV
ONTF	0.32	0.52	0.66	-0.11	0.71	0.43	0.21	0.52		-0.38	ONTF
MIXT	-0.86	-0.66	-0.82	-0.49	-0.69	-0.06	-0.69	-0.28	-0.38		MIXT
	AMSWA	ENFN	ALKT	MNTV	CWAN	EXFY	MODN	ENV	ONTF	MIXT

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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

CWAN	+ 0.82	ENFN
CWAN	+ 0.8	ALKT
ENFN	+ 0.78	AMSWA
ENV	+ 0.78	EXFY
ALKT	+ 0.74	AMSWA
MODN	+ 0.74	AMSWA

High negative correlations

MIXT	- 0.86	AMSWA
MIXT	- 0.82	ALKT
MIXT	- 0.69	MODN
MIXT	- 0.69	CWAN
MIXT	- 0.66	ENFN
MIXT	- 0.49	MNTV

Risk-Adjusted Indicators

There is a big difference between Xperi Stock performing well and Xperi Corp 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 Xperi Corp'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
AMSWA	1.44	0.34	0.12	(0.68)	1.18	(1.67)	3.79	(2.53)	10.40
ENFN	1.63	0.18	0.11	0.26	1.58	(1.95)	3.93	(2.90)	10.11
ALKT	2.01	0.04	0.06	0.13	2.40	(2.24)	5.03	(4.89)	12.66
MNTV	0.90	0.60	2.02	(0.52)	0.00	(1.77)	0.43	(0.21)	20.63
CWAN	1.46	0.24	0.15	0.30	1.42	(1.56)	2.80	(2.78)	18.70
EXFY	3.66	0.43	0.16	0.35	2.89	(5.30)	11.36	(4.19)	27.58
MODN	0.50	0.17	0.05	(1.71)	0.29	(0.69)	1.01	(0.50)	10.58
ENV	0.09	0.00	(0.81)	0.13	0.09	(0.10)	0.22	(0.22)	0.68
ONTF	1.67	(0.15)	(0.03)	0.03	1.98	(1.84)	3.04	(3.03)	11.36
MIXT	2.00	(0.18)	0.00	(2.62)	0.00	0.00	3.52	(3.34)	12.12

Xperi Corp Corporate Management

Geir Skaaden	Chief Products and Services Officer	Profile
Petronel Bigioi	Chief Product	Profile
Kris Graves	Chief Human Resource Officer	Profile
Amy Brennan	Senior Communication	Profile
Rebecca Marquez	Chief Secretary	Profile

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