Applied Opt Correlations

Applied Opt Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applied Opt. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. For more detail on how to invest in Applied Stock please use our How to Invest in Applied Opt guide.

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 POWI + 0.98 VSH UCTT + 0.96 POWI LASR + 0.94 KLIC UCTT + 0.94 VSH LASR + 0.92 VSH UCTT + 0.92 LASR

High negative correlations UCTT - 0.85 DQ POWI - 0.82 DQ KLIC - 0.8 DQ VSH - 0.78 DQ LASR - 0.76 DQ SONO - 0.67 UCTT

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied Opt 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 Applied Opt'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.