Axcelis Technologies Correlations

ACLS Stock

USD 82.61 0.19 0.23%

The current 90-days correlation between Axcelis Technologies and Acm Research is 0.3 (i.e., Weak diversification). The correlation of Axcelis Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Axcelis Technologies Correlation With Market

Very weak diversification

The correlation between Axcelis Technologies and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axcelis Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axcelis Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axcelis Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Axcelis Stock please use our How to Invest in Axcelis Technologies guide.

Moving together with Axcelis Stock

0.73

VECO

Veeco Instruments

Pair Corr

Moving against Axcelis Stock

0.42	688123	Giantec Semiconductor	Pair Corr
0.36	MU	Micron Technology Aggressive Push	Pair Corr
0.31	603061	JHT Design	Pair Corr
0.61	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.33	FSLR	First Solar	Pair Corr
0.31	FTCI	FTC Solar Tech Boost	Pair Corr

Related Correlations Analysis

	ACMR	NVTS	DIOD	SYNA	POWI	VSH	NATL	DQ	ALRM	CNXC
ACMR		0.32	0.76	0.43	0.65	0.81	0.76	-0.35	0.39	0.76	ACMR
NVTS	0.32		0.63	0.15	0.77	0.7	-0.09	-0.4	-0.25	0.21	NVTS
DIOD	0.76	0.63		0.52	0.88	0.93	0.59	-0.51	0.25	0.76	DIOD
SYNA	0.43	0.15	0.52		0.27	0.51	0.43	0.29	0.56	0.14	SYNA
POWI	0.65	0.77	0.88	0.27		0.88	0.4	-0.57	0.03	0.67	POWI
VSH	0.81	0.7	0.93	0.51	0.88		0.52	-0.39	0.16	0.65	VSH
NATL	0.76	-0.09	0.59	0.43	0.4	0.52		-0.34	0.67	0.77	NATL
DQ	-0.35	-0.4	-0.51	0.29	-0.57	-0.39	-0.34		0.05	-0.65	DQ
ALRM	0.39	-0.25	0.25	0.56	0.03	0.16	0.67	0.05		0.34	ALRM
CNXC	0.76	0.21	0.76	0.14	0.67	0.65	0.77	-0.65	0.34		CNXC
	ACMR	NVTS	DIOD	SYNA	POWI	VSH	NATL	DQ	ALRM	CNXC

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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

VSH	+ 0.93	DIOD
POWI	+ 0.88	DIOD
VSH	+ 0.88	POWI
VSH	+ 0.81	ACMR
POWI	+ 0.77	NVTS
CNXC	+ 0.77	NATL

High negative correlations

CNXC	- 0.65	DQ
DQ	- 0.57	POWI
DQ	- 0.51	DIOD
DQ	- 0.4	NVTS
DQ	- 0.39	VSH
DQ	- 0.35	ACMR

Risk-Adjusted Indicators

There is a big difference between Axcelis Stock performing well and Axcelis Technologies 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 Axcelis Technologies' 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
ACMR	3.08	(0.02)	0.02	0.07	4.95	(3.08)	6.59	(5.81)	31.83
NVTS	5.89	0.15	0.05	0.12	5.91	(6.89)	20.60	(10.34)	40.69
DIOD	2.16	(0.26)	0.00	(0.04)	0.00	0.00	5.26	(3.76)	21.15
SYNA	2.17	(0.12)	0.00	0.03	2.67	(2.20)	5.38	(4.48)	11.80
POWI	2.45	(0.30)	0.00	(0.02)	0.00	0.00	4.72	(6.38)	32.33
VSH	2.27	(0.19)	(0.02)	0.01	3.01	(2.17)	5.79	(4.49)	13.19
NATL	1.25	(0.12)	(0.03)	0.00	2.26	(1.09)	2.73	(3.26)	10.56
DQ	3.35	0.14	0.04	0.16	4.36	(3.73)	8.89	(8.38)	23.78
ALRM	1.25	(0.06)	(0.04)	0.00	1.71	(1.34)	2.79	(2.15)	9.93
CNXC	1.98	(0.46)	0.00	(0.37)	0.00	0.00	3.68	(5.11)	13.32

Axcelis Technologies Corporate Management

William Bintz	Executive VP of Product Devel., Engineering and Marketing	Profile
Douglas Lawson	Executive VP of Corporate Marketing and Strategy	Profile
Eileen Esq	Executive Counsel	Profile
Gerald Blumenstock	Executive Engineering	Profile
Christopher Tatnall	Executive Operations	Profile
JD Esq	Executive Legal	Profile
David Ryzhik	Senior Strategy	Profile

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