Last Update: 06-Dec-2024, 18:03 CST

ALGM Correlation Report

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Correlation Plot    ExplainYTD: ALGM  -29.9 %  vs. SPX  27.7 % 
Allegro MicroSystems Inc.

* Correlation: MODERATE* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: WEAK* Risk: HIGH

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.525

-0.705

4.91

-40

1.6

51.7
* Last 60 market days. ALGM relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankALGM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
1
0.801 Subscribe first then Login to view complete reports now

0.464

-0.231

3.69
2
1
0.797 Subscribe first then Login to view complete reports now

0.464

-0.209

3.13
3
1
0.755 Subscribe first then Login to view complete reports now

0.545

-0.259

3.49
4
1
0.748 Subscribe first then Login to view complete reports now

0.625

-0.257

4.33
5
2
0.745 LSCC - Lattice Semiconductor Corporation

0.542

-0.191

4.01
Least Correlated Non-ETF Securities:
RankALGM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
20
0.000 Subscribe first then Login to view complete reports now

0.113

-0.440

2.12
2
104
0.001 Subscribe first then Login to view complete reports now

0.105

-0.803

4.75
3
42
0.001 Subscribe first then Login to view complete reports now

0.208

-0.327

1.85
4
3
-0.001 Subscribe first then Login to view complete reports now

0.083

-1.572

5.88
5
62
-0.001 ELWS - Earlyworks Co. Ltd. - ADR

-0.012

0.664

-9.97
Most Anti-Correlated Non-ETF Securities:
RankALGM CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
-0.323 Subscribe first then Login to view complete reports now

-0.384

0.541

-2.02
2
-0.315 Subscribe first then Login to view complete reports now

-0.525

-0.002

-0.49
3
3
-0.287 Subscribe first then Login to view complete reports now

-0.289

0.323

-1.69
4
9
-0.283 Subscribe first then Login to view complete reports now

0.075

-4.441

12.88
5
2
-0.281 O - Realty Income Corporation

-0.163

0.214

-1.64




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