Amtech Systems Correlations

ASYS Stock

USD 5.90 0.15 2.61%

The current 90-days correlation between Amtech Systems and Atomera is 0.1 (i.e., Average 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

Significant diversification

The correlation between Amtech Systems and DJI is 0.05 (i.e., Significant 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.

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 manufacturing.

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

Moving together with Amtech Stock

0.66	VECO	Veeco Instruments	Pair Corr
0.63	ICG	Intchains Group	Pair Corr
0.63	TER	Teradyne	Pair Corr
0.61	KLAC	KLA Tencor	Pair Corr
0.7	ACLS	Axcelis Technologies	Pair Corr
0.66	SIMO	Silicon Motion Technology	Pair Corr
0.7	BKRKF	PT Bank Rakyat	Pair Corr
0.87	EC	Ecopetrol SA ADR	Pair Corr
0.77	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Amtech Stock

0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.72	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.72	IPGP	IPG Photonics	Pair Corr
0.66	KLIC	Kulicke and Soffa	Pair Corr
0.62	CWAN	Clearwater Analytics	Pair Corr
0.54	EHGO	Eshallgo Class A	Pair Corr
0.5	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.83	SSNLF	Samsung Electronics	Pair Corr
0.81	T	ATT Inc Aggressive Push	Pair Corr
0.75	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.61	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.61	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.5	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.47	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.35	TLKMF	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	UCTT	VECO	COHU	ONTO	ICHR	ATOM	ENTG	TER	CAMT
UCTT		0.5	0.31	0.51	0.59	-0.05	0.38	0.36	0.44	UCTT
VECO	0.5		-0.03	0.79	0.03	-0.7	0.82	0.84	0.74	VECO
COHU	0.31	-0.03		-0.18	0.61	0.53	-0.03	-0.4	0.28	COHU
ONTO	0.51	0.79	-0.18		-0.24	-0.71	0.63	0.78	0.53	ONTO
ICHR	0.59	0.03	0.61	-0.24		0.48	0.13	-0.17	0.26	ICHR
ATOM	-0.05	-0.7	0.53	-0.71	0.48		-0.67	-0.85	-0.24	ATOM
ENTG	0.38	0.82	-0.03	0.63	0.13	-0.67		0.78	0.48	ENTG
TER	0.36	0.84	-0.4	0.78	-0.17	-0.85	0.78		0.47	TER
CAMT	0.44	0.74	0.28	0.53	0.26	-0.24	0.48	0.47		CAMT
	UCTT	VECO	COHU	ONTO	ICHR	ATOM	ENTG	TER	CAMT

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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

TER	+ 0.84	VECO
ENTG	+ 0.82	VECO
ONTO	+ 0.79	VECO
TER	+ 0.78	ONTO
TER	+ 0.78	ENTG
CAMT	+ 0.74	VECO

High negative correlations

TER	- 0.85	ATOM
ATOM	- 0.71	ONTO
ATOM	- 0.7	VECO
ENTG	- 0.67	ATOM
TER	- 0.4	COHU
CAMT	- 0.24	ATOM

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
UCTT	2.51	(0.20)	(0.03)	0.02	3.13	(2.80)	5.13	(5.21)	20.10
VECO	1.77	(0.68)	0.00	(0.23)	0.00	0.00	3.96	(4.58)	12.77
COHU	2.11	(0.18)	(0.03)	0.03	2.32	(2.47)	4.44	(3.93)	13.72
ONTO	2.55	(0.53)	0.00	(0.14)	0.00	0.00	5.66	(5.73)	20.62
ICHR	2.50	(0.08)	0.02	0.08	2.87	(2.77)	4.28	(5.22)	21.12
ATOM	4.62	1.00	0.26	0.59	3.69	(5.97)	12.07	(6.74)	34.96
ENTG	2.08	(0.23)	0.00	(0.03)	0.00	0.00	3.84	(4.09)	12.71
TER	2.01	(0.50)	0.00	(0.13)	0.00	0.00	3.61	(3.70)	16.21
CAMT	2.83	(0.52)	0.00	(0.19)	0.00	0.00	6.22	(6.07)	18.78

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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