Credo Technology Correlations
CRDO Stock | USD 28.88 0.06 0.21% |
The current 90-days correlation between Credo Technology and Ituran Location and is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Credo Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credo Technology Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Credo Technology Correlation With Market
Weak diversification
The correlation between Credo Technology Group and NYA is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Credo Technology Group and NYA in the same portfolio, assuming nothing else is changed.
Credo |
Moving together with Credo Stock
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0.77 | ACLS | Axcelis Technologies Tech Boost | PairCorr |
0.67 | AMAT | Applied Materials Fiscal Year End 21st of November 2024 | PairCorr |
0.83 | ASML | ASML Holding NV Financial Report 17th of July 2024 | PairCorr |
0.67 | ASYS | Amtech Systems Fiscal Year End 12th of December 2024 | PairCorr |
0.67 | COHU | Cohu Inc | PairCorr |
0.74 | UCTT | Ultra Clean Holdings | PairCorr |
Moving against Credo Stock
0.4 | PLAB | Photronics Fiscal Year End 11th of December 2024 | PairCorr |
0.54 | ENFN | Enfusion | PairCorr |
0.42 | TGAN | Transphorm Technology Earnings Call This Week | PairCorr |
0.38 | WU | Western Union | PairCorr |
0.34 | BAERW | Bridger Aerospace | PairCorr |
0.33 | EVLV | Evolv Technologies | PairCorr |
Related Correlations Analysis
-0.16 | -0.01 | 0.01 | 0.02 | ITRN | ||
-0.16 | -0.5 | 0.18 | -0.15 | MYNA | ||
-0.01 | -0.5 | 0.58 | -0.56 | JNPR | ||
0.01 | 0.18 | 0.58 | -0.8 | DGII | ||
0.02 | -0.15 | -0.56 | -0.8 | KN | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Credo Stock performing well and Credo 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 Credo 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ITRN | 1.29 | 0.00 | 0.01 | 0.03 | 1.58 | 3.73 | 11.92 | |||
MYNA | 3.84 | (0.18) | 0.00 | 4.70 | 0.00 | 9.49 | 28.88 | |||
JNPR | 0.48 | (0.06) | 0.00 | (0.23) | 0.00 | 0.92 | 2.79 | |||
DGII | 1.80 | (0.46) | 0.00 | (0.28) | 0.00 | 3.38 | 23.24 | |||
KN | 1.34 | 0.01 | 0.02 | 0.04 | 1.33 | 2.96 | 6.61 |
Credo Technology Corporate Management
Chi Cheng | CTO Cofounder | Profile | |
Daniel ONeil | Vice Relations | Profile | |
Adam ThorngateGottlund | General Secretary | Profile | |
Daniel Fleming | Chief Officer | Profile | |
Scott Feller | Vice Marketing | Profile | |
Yat Lam | COO Cofounder | Profile |