PLAB vs SYNA: Correlation
Measured on weekly returns over the past three years, Photronics, Inc. (PLAB) and Synaptics Incorporated (SYNA) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLAB and SYNA?
On 3 years of weekly data the PLAB/SYNA correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.53). The 5-year figure is 0.54, and annualized covariance runs at 1562.7 %².
In PLAB's tracked universe of 14 assets, SYNA sits right near the top at #2. Over the last 12 months SYNA came out ahead by 11.6 percentage points (+26.2% against +37.8%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PLAB vs SYNA: side by side
| PLAB (Photronics, Inc.) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +26.2% | +37.8% |
| 5-year return | +106.4% | -48.2% |
| Volatility (ann.) | 60.0% | 49.6% |
| Beta vs S&P 500 | 1.56 | 2.15 |
| Max drawdown (3Y) | -50.6% | -64.2% |
| Market cap | $1.8B | $3.8B |
| P/E (trailing) | 10.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLAB | SYNA |
|---|---|---|
| 2022 | -10.7% | -67.1% |
| 2023 | +86.4% | +19.9% |
| 2024 | -24.9% | -33.1% |
| 2025 | +35.8% | -3.0% |
| 2026 | -5.4% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLAB and SYNA good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PLAB and SYNA?
As of 2026-08-27, the correlation of weekly returns between PLAB and SYNA is 0.53 over 3 years, 0.39 over 1 year and 0.54 over 5 years.
Is SYNA a good diversifier for PLAB?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PLAB correlations · SYNA correlations
