Applied Materials Correlations

AMAT Stock

USD 268.87 11.88 4.62%

The current 90-days correlation between Applied Materials and Lam Research Corp is 0.85 (i.e., Very poor diversification). The correlation of Applied Materials 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.

Applied Materials Correlation With Market

Very weak diversification

The correlation between Applied Materials and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Materials and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Applied Stock

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

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

Moving together with Applied Stock

0.78	MU	Micron Technology Aggressive Push	Pair Corr
0.74	ON	ON Semiconductor	Pair Corr
0.78	UMC	United Microelectronics Sell-off Trend	Pair Corr
0.81	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.96	AMKR	Amkor Technology	Pair Corr
0.91	TSEM	Tower Semiconductor	Pair Corr
0.85	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.85	ACN	Accenture plc	Pair Corr
0.86	VLKAF	Volkswagen AG	Pair Corr
0.86	VWAGY	Volkswagen AG 110	Pair Corr
0.81	VLKPF	Volkswagen AG VZO	Pair Corr
0.85	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.87	FTV	Fortive Corp	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.78	JNJ	Johnson Johnson	Pair Corr
0.83	BAC	Bank of America	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr

Moving against Applied Stock

0.69	JD	JD Inc Adr Aggressive Push	Pair Corr
0.56	OLED	Universal Display	Pair Corr
0.46	GCTS	GCT Semiconductor Holding	Pair Corr
0.31	INDI	indie Semiconductor	Pair Corr
0.81	PG	Procter Gamble	Pair Corr
0.7	MSFT	Microsoft	Pair Corr
0.65	T	ATT Inc	Pair Corr

Related Correlations Analysis

	LRCX	QCOM	KLAC	TXN	ARM	INTC	INTU	MU	NOW	SONY
LRCX		0.72	0.94	0.17	-0.61	0.33	0.12	0.93	-0.62	-0.75	LRCX
QCOM	0.72		0.81	0.14	-0.15	0.52	0.4	0.55	-0.11	-0.41	QCOM
KLAC	0.94	0.81		0.1	-0.5	0.4	0.24	0.83	-0.5	-0.66	KLAC
TXN	0.17	0.14	0.1		-0.2	0.23	0.35	0.04	-0.05	-0.3	TXN
ARM	-0.61	-0.15	-0.5	-0.2		0.23	0.05	-0.69	0.94	0.71	ARM
INTC	0.33	0.52	0.4	0.23	0.23		-0.09	0.19	0.19	0.02	INTC
INTU	0.12	0.4	0.24	0.35	0.05	-0.09		-0.03	0.27	-0.24	INTU
MU	0.93	0.55	0.83	0.04	-0.69	0.19	-0.03		-0.73	-0.7	MU
NOW	-0.62	-0.11	-0.5	-0.05	0.94	0.19	0.27	-0.73		0.67	NOW
SONY	-0.75	-0.41	-0.66	-0.3	0.71	0.02	-0.24	-0.7	0.67		SONY
	LRCX	QCOM	KLAC	TXN	ARM	INTC	INTU	MU	NOW	SONY

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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

KLAC	+ 0.94	LRCX
NOW	+ 0.94	ARM
MU	+ 0.93	LRCX
MU	+ 0.83	KLAC
KLAC	+ 0.81	QCOM
QCOM	+ 0.72	LRCX

High negative correlations

SONY	- 0.75	LRCX
NOW	- 0.73	MU
SONY	- 0.7	MU
MU	- 0.69	ARM
SONY	- 0.66	KLAC
NOW	- 0.62	LRCX

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied Materials 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 Materials' 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
LRCX	2.57	0.40	0.15	0.22	2.89	(2.75)	5.95	(5.07)	13.48
QCOM	1.53	(0.03)	0.01	0.04	2.24	(1.45)	3.53	(3.93)	15.46
KLAC	2.06	0.17	0.08	0.14	2.47	(2.06)	4.30	(4.20)	11.55
TXN	1.37	(0.11)	0.00	(0.02)	0.00	0.00	2.64	(2.72)	8.17
ARM	2.26	(0.38)	0.00	(0.15)	0.00	0.00	4.66	(4.98)	16.74
INTC	2.43	0.17	0.08	0.14	2.74	(2.56)	6.72	(4.30)	17.64
INTU	1.18	(0.16)	0.00	(0.16)	0.00	0.00	2.23	(2.58)	6.96
MU	3.42	0.91	0.27	0.44	3.22	(4.12)	8.86	(5.58)	19.80
NOW	1.36	(0.38)	0.00	(0.35)	0.00	0.00	2.08	(2.88)	15.48
SONY	1.27	(0.23)	0.00	(0.13)	0.00	0.00	3.13	(2.79)	9.26

Applied Materials Corporate Management

Ali Salehpour	Sr. VP and General Manager of New Markets and Service Group	Profile
Adam Sanders	Corporate VP	Profile
Teri Little	Chief VP	Profile
Nick Parisi	Managing Group	Profile
Susan Winchester	Senior Officer	Profile
Ron Naftali	Chief Group	Profile

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