Amtech Systems Correlations

ASYS Stock

USD 15.94 1.20 8.14%

The current 90-days correlation between Amtech Systems and MagnaChip Semiconductor is 0.31 (i.e., Weak 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

Weak diversification

The correlation between Amtech Systems and DJI is 0.35 (i.e., 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.

Build AI portfolio with Amtech Stock

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

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

Moving together with Amtech Stock

0.88	MU	Micron Technology Aggressive Push	Pair Corr
0.85	ON	ON Semiconductor	Pair Corr
0.77	603061	JHT Design	Pair Corr
0.67	603986	GigaDevice SemiconductorBei	Pair Corr
0.93	001270	Zhejiang Chengchang	Pair Corr
0.73	SPRQ	Sparq Systems	Pair Corr
0.64	ENTG	Entegris Tech Boost	Pair Corr
0.81	002865	Hainan Drinda Automotive	Pair Corr
0.84	300118	Risen Energy	Pair Corr
0.78	300672	Goke Microelectronics	Pair Corr
0.92	688127	Zhejiang Lante Optics	Pair Corr
0.88	ADI	Analog Devices	Pair Corr
0.67	AIP	Arteris	Pair Corr
0.77	ASX	ASE Industrial Holding	Pair Corr
0.79	FORM	FormFactor	Pair Corr

Moving against Amtech Stock

0.71	NA	Nano Labs	Pair Corr
0.39	WOLF	Wolfspeed Earnings Call This Week	Pair Corr
0.33	DQ	Daqo New Energy	Pair Corr
0.82	ARM	Arm Holdings plc	Pair Corr
0.74	GCTS	GCT Semiconductor Holding	Pair Corr
0.57	CAN	Canaan Inc	Pair Corr
0.5	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.33	XPER	Xperi Corp	Pair Corr

Related Correlations Analysis

	MX	INTT	ATOM	NA	MOBX	MYPS	QUIK	RDZN	GNSS	SKLZ
MX		0.63	0.57	0.01	0.24	0.48	0.4	0.06	-0.02	0.29	MX
INTT	0.63		0.62	0.45	0.44	0.65	0.69	-0.24	0.25	0.5	INTT
ATOM	0.57	0.62		0.57	0.72	0.81	0.3	-0.42	-0.04	0.71	ATOM
NA	0.01	0.45	0.57		0.66	0.62	0.06	-0.7	0.03	0.71	NA
MOBX	0.24	0.44	0.72	0.66		0.85	0.04	-0.79	0.18	0.97	MOBX
MYPS	0.48	0.65	0.81	0.62	0.85		0.29	-0.52	0.1	0.87	MYPS
QUIK	0.4	0.69	0.3	0.06	0.04	0.29		0.06	0.45	0.06	QUIK
RDZN	0.06	-0.24	-0.42	-0.7	-0.79	-0.52	0.06		-0.18	-0.79	RDZN
GNSS	-0.02	0.25	-0.04	0.03	0.18	0.1	0.45	-0.18		0.15	GNSS
SKLZ	0.29	0.5	0.71	0.71	0.97	0.87	0.06	-0.79	0.15		SKLZ
	MX	INTT	ATOM	NA	MOBX	MYPS	QUIK	RDZN	GNSS	SKLZ

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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

SKLZ	+ 0.97	MOBX
SKLZ	+ 0.87	MYPS
MYPS	+ 0.85	MOBX
MYPS	+ 0.81	ATOM
MOBX	+ 0.72	ATOM
SKLZ	+ 0.71	ATOM

High negative correlations

SKLZ	- 0.79	RDZN
RDZN	- 0.79	MOBX
RDZN	- 0.7	NA
RDZN	- 0.52	MYPS
RDZN	- 0.42	ATOM
RDZN	- 0.24	INTT

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	2.46	(0.12)	0.00	(0.01)	0.00	0.00	4.84	(5.86)	18.85
INTT	2.77	(0.07)	0.00	0.03	3.84	(2.77)	5.91	(7.54)	16.53
ATOM	4.07	(1.11)	0.00	(0.46)	0.00	0.00	7.88	(8.51)	32.47
NA	3.45	(0.60)	0.00	(0.51)	0.00	0.00	7.45	(6.20)	38.30
MOBX	6.40	(1.79)	0.00	(0.94)	0.00	0.00	12.50	(13.51)	61.62
MYPS	2.87	(0.72)	0.00	(0.32)	0.00	0.00	5.26	(7.94)	16.51
QUIK	3.69	0.36	0.08	0.42	4.18	(4.11)	8.48	(6.94)	24.52
RDZN	4.04	0.47	0.11	0.31	4.08	(5.04)	13.74	(6.62)	32.71
GNSS	1.77	0.00	0.00	0.06	2.51	(2.32)	3.56	(4.62)	16.06
SKLZ	2.44	(0.88)	0.00	(0.81)	0.00	0.00	4.74	(6.31)	14.50

Amtech Systems Corporate Management

Louis Golato	Vice Operations	Profile
Shashi Gupta	Senior Solutions	Profile
Wade Jenke	Chief Officer	Profile
Paul Lancaster	Vice Development	Profile

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