Applied Materials Correlations

AMAT Stock

USD 322.38 3.59 1.13%

The current 90-days correlation between Applied Materials and Lam Research Corp is 0.84 (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 poor diversification

The correlation between Applied Materials and DJI is 0.85 (i.e., Very poor 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 various price indices.

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

Moving together with Applied Stock

0.91	MU	Micron Technology	Pair Corr
0.83	VECO	Veeco Instruments	Pair Corr
0.8	MXL	MaxLinear Earnings Call This Week	Pair Corr
0.93	LRCX	Lam Research Corp Earnings Call This Week	Pair Corr
0.99	ONTO	Onto Innovation	Pair Corr
0.75	PLAB	Photronics	Pair Corr
0.7	SITM	Sitime	Pair Corr
0.88	AXTI	AXT Inc	Pair Corr
0.75	CAMT	Camtek	Pair Corr
0.81	UCTT	Ultra Clean Holdings	Pair Corr
0.66	ISRMF	iShares MSCI	Pair Corr
0.7	YASKY	Yaskawa Electric Corp	Pair Corr
0.8	INTC	Intel Earnings Call This Week	Pair Corr
0.9	BMO	Bank of Montreal	Pair Corr

Moving against Applied Stock

0.51	SQNS	Sequans Communications	Pair Corr
0.32	OLED	Universal Display	Pair Corr

Related Correlations Analysis

	LRCX	QCOM	KLAC	TXN	ARM	INTC	INTU	MU	NOW	SONY
LRCX		-0.21	0.69	0.65	-0.54	0.79	-0.72	0.97	-0.84	-0.88	LRCX
QCOM	-0.21		-0.34	-0.19	0.29	-0.31	0.7	-0.27	0.46	0.21	QCOM
KLAC	0.69	-0.34		0.84	-0.56	0.67	-0.58	0.64	-0.49	-0.63	KLAC
TXN	0.65	-0.19	0.84		-0.69	0.61	-0.44	0.61	-0.53	-0.65	TXN
ARM	-0.54	0.29	-0.56	-0.69		-0.21	0.34	-0.58	0.72	0.65	ARM
INTC	0.79	-0.31	0.67	0.61	-0.21		-0.79	0.73	-0.57	-0.61	INTC
INTU	-0.72	0.7	-0.58	-0.44	0.34	-0.79		-0.72	0.75	0.59	INTU
MU	0.97	-0.27	0.64	0.61	-0.58	0.73	-0.72		-0.87	-0.87	MU
NOW	-0.84	0.46	-0.49	-0.53	0.72	-0.57	0.75	-0.87		0.84	NOW
SONY	-0.88	0.21	-0.63	-0.65	0.65	-0.61	0.59	-0.87	0.84		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

MU	+ 0.97	LRCX
TXN	+ 0.84	KLAC
SONY	+ 0.84	NOW
INTC	+ 0.79	LRCX
NOW	+ 0.75	INTU
MU	+ 0.73	INTC

High negative correlations

SONY	- 0.88	LRCX
SONY	- 0.87	MU
NOW	- 0.87	MU
NOW	- 0.84	LRCX
INTU	- 0.79	INTC
MU	- 0.72	INTU

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	2.60	0.52	0.21	0.29	2.50	(2.97)	6.26	(4.85)	12.15
QCOM	1.61	(0.20)	0.00	(0.05)	0.00	0.00	3.48	(3.93)	15.88
KLAC	1.99	0.38	0.12	8.07	2.17	(2.12)	4.89	(4.19)	12.91
TXN	1.45	0.24	0.11	(2.64)	1.24	(1.88)	3.96	(2.39)	11.75
ARM	1.79	(0.67)	0.00	4.83	0.00	0.00	2.64	(4.71)	8.92
INTC	3.01	0.21	0.06	0.18	3.82	(3.23)	8.65	(5.23)	17.64
INTU	1.48	(0.29)	0.00	(0.30)	0.00	0.00	2.38	(3.37)	10.42
MU	3.39	0.93	0.28	0.49	2.94	(4.08)	8.93	(5.56)	19.80
NOW	1.55	(0.51)	0.00	(0.91)	0.00	0.00	2.52	(3.12)	14.15
SONY	1.13	(0.41)	0.00	(0.41)	0.00	0.00	2.31	(2.80)	7.67

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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