Advantest Correlations
| ADTTF Stock | USD 62.50 0.00 0.00% |
The current 90-days correlation between Advantest and Teradyne is -0.14 (i.e., Good diversification). The correlation of Advantest 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.
Advantest Correlation With Market
Good diversification
The correlation between Advantest and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advantest and DJI in the same portfolio, assuming nothing else is changed.
Advantest |
The ability to find closely correlated positions to Advantest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advantest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advantest to buy it.
Moving together with Advantest Pink Sheet
| 0.76 | ASMIY | ASM International | PairCorr |
| 0.69 | SSNLF | Samsung Electronics | PairCorr |
| 0.74 | PTAIF | PT Astra International | PairCorr |
| 0.78 | PANW | Palo Alto Networks | PairCorr |
| 0.73 | CLSK | CleanSpark Earnings Call This Week | PairCorr |
| 0.81 | GOOG | Alphabet Class C | PairCorr |
| 0.73 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.65 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.88 | AXON | Axon Enterprise | PairCorr |
| 0.82 | PX | P10 Inc | PairCorr |
| 0.81 | GOOGL | Alphabet Class A | PairCorr |
| 0.73 | KULR | KULR Technology Group | PairCorr |
| 0.93 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | GNPX | Genprex | PairCorr |
| 0.77 | QUBT | Quantum Computing Upward Rally | PairCorr |
| 0.94 | IONQ | IONQ Inc Trending | PairCorr |
| 0.85 | LMND | Lemonade Trending | PairCorr |
Moving against Advantest Pink Sheet
| 0.91 | TER | Teradyne | PairCorr |
| 0.87 | ASMLF | ASML Holding NV | PairCorr |
| 0.87 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.85 | ASML | ASML Holding NV Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.84 | KLAC | KLA Tencor | PairCorr |
| 0.84 | ASMXF | ASM International | PairCorr |
| 0.83 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.73 | TOELY | Tokyo Electron | PairCorr |
| 0.7 | TOELF | Tokyo Electron | PairCorr |
| 0.64 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.56 | LRCX | Lam Research Corp | PairCorr |
| 0.53 | AMAT | Applied Materials | PairCorr |
| 0.51 | PBCRY | Bank Central Asia | PairCorr |
| 0.47 | PTAIY | Astra International Tbk | PairCorr |
| 0.37 | CSLMW | Consilium Acquisition | PairCorr |
Related Correlations Analysis
| 0.95 | 0.65 | 0.73 | 0.9 | 0.9 | 0.84 | ASMLF | ||
| 0.95 | 0.74 | 0.81 | 0.96 | 0.89 | 0.87 | ASML | ||
| 0.65 | 0.74 | 0.96 | 0.85 | 0.78 | 0.68 | AMAT | ||
| 0.73 | 0.81 | 0.96 | 0.88 | 0.82 | 0.65 | LRCX | ||
| 0.9 | 0.96 | 0.85 | 0.88 | 0.87 | 0.88 | KLAC | ||
| 0.9 | 0.89 | 0.78 | 0.82 | 0.87 | 0.8 | TOELY | ||
| 0.84 | 0.87 | 0.68 | 0.65 | 0.88 | 0.8 | TER | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Advantest Pink Sheet performing well and Advantest 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 Advantest'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASMLF | 2.25 | (0.37) | 0.00 | 0.69 | 0.00 | 3.48 | 28.98 | |||
| ASML | 2.08 | (0.58) | 0.00 | (0.36) | 0.00 | 3.76 | 22.75 | |||
| AMAT | 1.97 | (0.39) | 0.00 | (0.16) | 0.00 | 4.31 | 16.93 | |||
| LRCX | 2.03 | (0.39) | 0.00 | (0.22) | 0.00 | 4.39 | 16.34 | |||
| KLAC | 2.02 | (0.51) | 0.00 | (0.23) | 0.00 | 3.24 | 20.36 | |||
| TOELY | 2.18 | (0.47) | 0.00 | (6.14) | 0.00 | 4.42 | 15.46 | |||
| TER | 2.02 | (0.50) | 0.00 | (0.17) | 0.00 | 3.61 | 16.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Advantest without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
| All Next | Launch Module |