Amtech Systems Correlations
| ASYS Stock | USD 12.76 0.28 2.24% |
The current 90-days correlation between Amtech Systems and MagnaChip Semiconductor is 0.27 (i.e., Modest diversification). The correlation of Amtech Systems 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.
Amtech Systems Correlation With Market
Very weak diversification
The correlation between Amtech Systems and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amtech Systems and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Amtech Stock
| 0.81 | 001270 | Zhejiang Chengchang | PairCorr |
| 0.75 | 688127 | Zhejiang Lante Optics | PairCorr |
| 0.66 | ADI | Analog Devices | PairCorr |
Moving against Amtech Stock
| 0.45 | 605111 | Wuxi Nce Power | PairCorr |
| 0.41 | 688123 | Giantec Semiconductor | PairCorr |
| 0.38 | NA | Nano Labs | PairCorr |
| 0.39 | 603160 | Shenzhen Goodix Tech | PairCorr |
| 0.56 | ARM | Arm Holdings plc | PairCorr |
| 0.5 | CVV | CVD Equipment | PairCorr |
| 0.4 | AMD | Advanced Micro Devices Sell-off Trend | PairCorr |
| 0.4 | CAN | Canaan Inc | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Amtech Stock performing well and Amtech Systems 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 Amtech Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MX | 2.34 | (0.36) | 0.00 | (0.15) | 0.00 | 3.91 | 18.85 | |||
| INTT | 2.68 | (0.28) | 0.00 | (0.07) | 0.00 | 5.87 | 16.53 | |||
| ATOM | 4.70 | (1.04) | 0.00 | (0.19) | 0.00 | 10.55 | 47.88 | |||
| NA | 3.52 | (0.81) | 0.00 | (0.71) | 0.00 | 6.41 | 38.30 | |||
| MOBX | 4.92 | (1.47) | 0.00 | (0.50) | 0.00 | 9.43 | 34.26 | |||
| MYPS | 2.74 | (0.74) | 0.00 | (0.32) | 0.00 | 5.26 | 16.51 | |||
| QUIK | 3.52 | 0.03 | 0.02 | 0.08 | 4.16 | 8.82 | 24.52 | |||
| RDZN | 4.72 | 1.24 | 0.26 | 0.53 | 4.07 | 14.37 | 32.71 | |||
| GNSS | 2.13 | (0.26) | 0.00 | (0.14) | 0.00 | 5.99 | 19.42 | |||
| SKLZ | 2.44 | (0.71) | 0.00 | (0.55) | 0.00 | 4.81 | 15.44 |
Amtech Systems Corporate Management
| Louis Golato | Vice Operations | Profile | |
| Shashi Gupta | Senior Solutions | Profile | |
| Wade Jenke | Chief Officer | Profile | |
| Paul Lancaster | Vice Development | Profile |