Marvell Technology Correlations

MRVL Stock

USD 92.69 2.59 2.87%

The current 90-days correlation between Marvell Technology and Intel is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Marvell Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Marvell Technology Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Marvell Technology Correlation With Market

Very weak diversification

The correlation between Marvell Technology Group and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marvell Technology Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marvell Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Marvell Stock

0.74	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.89	S	SentinelOne	Pair Corr
0.77	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.71	IT	Gartner	Pair Corr
0.77	KD	Kyndryl Holdings	Pair Corr
0.91	ZM	Zoom Video Communications	Pair Corr
0.72	EPAM	EPAM Systems	Pair Corr
0.76	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.69	EXTR	Extreme Networks	Pair Corr
0.91	CRM	Salesforce Earnings Call Tomorrow	Pair Corr
0.7	HPE	Hewlett Packard Ente	Pair Corr
0.88	MSI	Motorola Solutions	Pair Corr
0.92	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.91	TTD	Trade Desk	Pair Corr
0.84	ZBRA	Zebra Technologies	Pair Corr
0.87	LITE	Lumentum Holdings	Pair Corr
0.85	NTGR	NETGEAR	Pair Corr
0.8	QLYS	Qualys Inc	Pair Corr
0.75	RDCM	Radcom	Pair Corr
0.93	ADSK	Autodesk	Pair Corr
0.79	SHOP	Shopify	Pair Corr
0.68	SNOW	Snowflake	Pair Corr
0.95	TEAM	Atlassian Corp Plc	Pair Corr

Moving against Marvell Stock

0.91	UMC	United Microelectronics	Pair Corr
0.82	IMOS	ChipMOS Technologies	Pair Corr
0.76	AMKR	Amkor Technology	Pair Corr
0.81	CDW	CDW Corp	Pair Corr
0.52	JNPR	Juniper Networks	Pair Corr
0.43	INFY	Infosys Ltd ADR	Pair Corr
0.88	NOTE	FiscalNote Holdings	Pair Corr
0.72	CLFD	Clearfield	Pair Corr

Related Correlations Analysis

	NVDA	INTC	TSM	MU	QCOM	AMD	AVGO
NVDA		0.8	0.9	0.76	0.01	-0.07	0.62	NVDA
INTC	0.8		0.7	0.7	0.0	0.05	0.64	INTC
TSM	0.9	0.7		0.86	0.24	0.18	0.76	TSM
MU	0.76	0.7	0.86		0.38	0.36	0.79	MU
QCOM	0.01	0.0	0.24	0.38		0.69	0.57	QCOM
AMD	-0.07	0.05	0.18	0.36	0.69		0.64	AMD
AVGO	0.62	0.64	0.76	0.79	0.57	0.64		AVGO
	NVDA	INTC	TSM	MU	QCOM	AMD	AVGO

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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

TSM	+ 0.9	NVDA
MU	+ 0.86	TSM
INTC	+ 0.8	NVDA
AVGO	+ 0.79	MU
MU	+ 0.76	NVDA
AVGO	+ 0.76	TSM

High negative correlations

AMD	- 0.07	NVDA
QCOM	- 0.0	INTC

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
NVDA	2.17	0.03	0.02	0.15	3.08	(2.12)	4.07	(4.69)	12.87
INTC	2.37	0.06	0.08	0.16	2.60	(2.65)	6.36	(3.50)	18.29
TSM	1.88	0.07	0.01	0.23	2.33	(1.94)	4.13	(4.21)	14.10
MU	2.34	(0.15)	(0.01)	0.05	2.95	(2.30)	4.60	(4.19)	19.00
QCOM	1.71	(0.29)	0.00	(0.07)	0.00	0.00	3.34	(3.80)	11.08
AMD	1.99	(0.26)	0.00	(0.05)	0.00	0.00	3.96	(4.00)	16.31
AVGO	1.97	(0.16)	(0.02)	0.04	2.73	(2.11)	3.97	(3.47)	14.11

Marvell Technology Corporate Management

Mark Esq	Executive Officer	Profile
Pani Dixon	Chief Controller	Profile
Dean Jarnac	Executive Sales	Profile
Sandeep Bharathi	Chief Officer	Profile

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