Acm Research Correlations

ACMR Stock

USD 20.55 0.01 0.05%

The current 90-days correlation between Acm Research and Axcelis Technologies is 0.35 (i.e., Weak diversification). The correlation of Acm Research 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.

Acm Research Correlation With Market

Significant diversification

The correlation between Acm Research and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acm Research and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Acm Stock, please use our How to Invest in Acm Research guide.

Moving together with Acm Stock

0.65	INTC	Intel	Pair Corr
0.72	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.74	SHG	Shinhan Financial Earnings Call This Week	Pair Corr

Moving against Acm Stock

0.62	CSPI	CSP Inc Upward Rally	Pair Corr
0.53	FORTY	Formula Systems 1985	Pair Corr
0.52	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.49	HCKT	Hackett Group	Pair Corr
0.45	IBM	International Business Tech Boost	Pair Corr
0.42	MGIC	Magic Software Enter	Pair Corr
0.42	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.41	GFS	Globalfoundries Sell-off Trend	Pair Corr
0.39	OKTA	Okta Inc	Pair Corr
0.33	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.33	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.59	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.55	BA	Boeing	Pair Corr
0.43	MFG	Mizuho Financial	Pair Corr
0.32	V	Visa Class A	Pair Corr
0.32	AXP	American Express	Pair Corr
0.31	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	ACLS	INTT	LRCX	PLAB	INDI	AEHR	KLAC	KLIC	NVMI	ICHR
ACLS		-0.53	0.17	0.04	-0.36	0.05	-0.05	0.07	-0.39	-0.13	ACLS
INTT	-0.53		0.44	-0.2	0.19	0.29	0.62	-0.14	0.79	0.08	INTT
LRCX	0.17	0.44		0.08	-0.11	0.02	0.82	0.1	0.66	0.04	LRCX
PLAB	0.04	-0.2	0.08		0.42	-0.15	-0.3	0.74	-0.27	0.63	PLAB
INDI	-0.36	0.19	-0.11	0.42		-0.2	-0.14	0.4	-0.05	0.54	INDI
AEHR	0.05	0.29	0.02	-0.15	-0.2		-0.01	-0.05	0.08	-0.04	AEHR
KLAC	-0.05	0.62	0.82	-0.3	-0.14	-0.01		-0.33	0.9	-0.29	KLAC
KLIC	0.07	-0.14	0.1	0.74	0.4	-0.05	-0.33		-0.34	0.84	KLIC
NVMI	-0.39	0.79	0.66	-0.27	-0.05	0.08	0.9	-0.34		-0.23	NVMI
ICHR	-0.13	0.08	0.04	0.63	0.54	-0.04	-0.29	0.84	-0.23		ICHR
	ACLS	INTT	LRCX	PLAB	INDI	AEHR	KLAC	KLIC	NVMI	ICHR

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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

NVMI	+ 0.9	KLAC
ICHR	+ 0.84	KLIC
KLAC	+ 0.82	LRCX
NVMI	+ 0.79	INTT
KLIC	+ 0.74	PLAB
NVMI	+ 0.66	LRCX

High negative correlations

INTT	- 0.53	ACLS
NVMI	- 0.39	ACLS
INDI	- 0.36	ACLS
NVMI	- 0.34	KLIC
KLIC	- 0.33	KLAC
KLAC	- 0.3	PLAB

Risk-Adjusted Indicators

There is a big difference between Acm Stock performing well and Acm Research 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 Acm Research'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
ACLS	1.73	(0.40)	0.00	(0.72)	0.00	0.00	3.21	(5.01)	10.02
INTT	2.85	0.31	0.09	0.46	2.95	(3.08)	6.44	(4.70)	13.88
LRCX	2.05	0.07	0.01	0.23	2.45	(2.17)	4.40	(3.90)	11.58
PLAB	1.88	(0.02)	(0.04)	(0.06)	2.46	(1.88)	4.08	(4.10)	17.20
INDI	4.82	0.54	0.10	0.47	5.21	(6.13)	9.03	(7.41)	83.44
AEHR	4.46	(0.31)	0.00	(0.56)	0.00	0.00	7.69	(7.42)	52.75
KLAC	1.49	0.14	0.04	0.46	2.01	(1.47)	3.24	(3.68)	11.35
KLIC	1.73	0.02	(0.02)	0.13	2.18	(1.65)	3.77	(3.06)	9.85
NVMI	2.39	0.49	0.11	(1.78)	2.95	(2.76)	5.54	(6.09)	19.74
ICHR	2.34	(0.04)	0.00	0.06	2.86	(2.59)	4.34	(5.06)	24.53

Acm Research Corporate Management

Hui Wang	Chairman, Founder	Profile
Howard Chen	General Strategy	Profile
Yi Feng	I Research	Profile
Jim Straus	Vice America	Profile

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