Atomera Correlations

ATOM Stock

USD 5.82 0.37 6.79%

The current 90-days correlation between Atomera and inTest is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atomera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atomera moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Atomera Correlation With Market

Modest diversification

The correlation between Atomera and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atomera 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 Atomera. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Atomera Stock, please use our How to Invest in Atomera guide.

Moving together with Atomera Stock

0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.73	KLIC	Kulicke and Soffa	Pair Corr
0.93	EHGO	Eshallgo Class A	Pair Corr
0.67	IPGP	IPG Photonics	Pair Corr
0.65	ASAN	Asana Inc	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.92	CWAN	Clearwater Analytics	Pair Corr
0.64	SSNLF	Samsung Electronics	Pair Corr

Moving against Atomera Stock

0.89	BKRKY	Bank Rakyat	Pair Corr
0.87	CDW	CDW Corp	Pair Corr
0.85	TER	Teradyne	Pair Corr
0.84	ACLS	Axcelis Technologies	Pair Corr
0.73	KLAC	KLA Tencor	Pair Corr
0.68	SIMO	Silicon Motion Technology	Pair Corr
0.67	VECO	Veeco Instruments	Pair Corr
0.62	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.6	ICG	Intchains Group	Pair Corr
0.59	FORM	FormFactor	Pair Corr
0.46	LRCX	Lam Research Corp	Pair Corr
0.33	AEHR	Aehr Test Systems	Pair Corr
0.94	KO	Coca Cola Aggressive Push	Pair Corr
0.91	PPERY	Bank Mandiri Persero	Pair Corr
0.91	TLK	Telkom Indonesia Tbk	Pair Corr
0.9	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.85	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.83	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.75	EC	Ecopetrol SA ADR	Pair Corr
0.69	BKRKF	PT Bank Rakyat	Pair Corr
0.65	PBCRY	Bank Central Asia	Pair Corr
0.64	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.44	VZ	Verizon Communications Aggressive Push	Pair Corr
0.41	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	ACLS	INTT	LRCX	PLAB	INDI	ASYS	ICHR	COHU	UCTT	VECO
ACLS		-0.47	0.77	-0.01	-0.24	0.72	-0.08	-0.15	0.35	0.93	ACLS
INTT	-0.47		-0.02	0.66	0.49	-0.55	0.62	0.76	0.32	-0.3	INTT
LRCX	0.77	-0.02		0.42	0.04	0.39	0.34	0.21	0.73	0.85	LRCX
PLAB	-0.01	0.66	0.42		0.59	-0.18	0.83	0.69	0.66	0.18	PLAB
INDI	-0.24	0.49	0.04	0.59		0.02	0.7	0.39	0.22	-0.08	INDI
ASYS	0.72	-0.55	0.39	-0.18	0.02		-0.05	-0.2	-0.03	0.68	ASYS
ICHR	-0.08	0.62	0.34	0.83	0.7	-0.05		0.62	0.6	0.11	ICHR
COHU	-0.15	0.76	0.21	0.69	0.39	-0.2	0.62		0.33	0.05	COHU
UCTT	0.35	0.32	0.73	0.66	0.22	-0.03	0.6	0.33		0.54	UCTT
VECO	0.93	-0.3	0.85	0.18	-0.08	0.68	0.11	0.05	0.54		VECO
	ACLS	INTT	LRCX	PLAB	INDI	ASYS	ICHR	COHU	UCTT	VECO

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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

VECO	+ 0.93	ACLS
VECO	+ 0.85	LRCX
ICHR	+ 0.83	PLAB
LRCX	+ 0.77	ACLS
COHU	+ 0.76	INTT
UCTT	+ 0.73	LRCX

High negative correlations

ASYS	- 0.55	INTT
INTT	- 0.47	ACLS
VECO	- 0.3	INTT
INDI	- 0.24	ACLS
COHU	- 0.2	ASYS
ASYS	- 0.18	PLAB

Risk-Adjusted Indicators

There is a big difference between Atomera Stock performing well and Atomera 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 Atomera's 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
ACLS	2.02	(0.87)	0.00	(0.31)	0.00	0.00	3.99	(5.37)	14.28
INTT	2.54	(0.11)	0.01	0.06	3.06	(2.36)	6.04	(5.15)	13.69
LRCX	2.08	(0.37)	0.00	(0.17)	0.00	0.00	4.40	(4.31)	16.34
PLAB	1.76	(0.18)	(0.04)	0.01	2.36	(1.83)	3.86	(3.85)	11.66
INDI	4.64	0.11	0.07	0.14	4.18	(6.30)	8.31	(8.30)	68.06
ASYS	1.91	(0.06)	0.00	0.19	0.00	0.00	3.76	(4.33)	10.29
ICHR	2.53	(0.14)	0.00	0.04	3.02	(2.78)	4.28	(5.22)	21.12
COHU	2.12	(0.23)	0.00	(0.01)	0.00	0.00	4.44	(3.93)	13.72
UCTT	2.56	(0.23)	0.00	(0.02)	0.00	0.00	5.13	(5.21)	20.10
VECO	1.73	(0.71)	0.00	(0.28)	0.00	0.00	3.96	(4.58)	12.77

Atomera Corporate Executives

Elected by the shareholders, the Atomera's board of directors comprises two types of representatives: Atomera inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atomera. The board's role is to monitor Atomera's management team and ensure that shareholders' interests are well served. Atomera's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Atomera's outside directors are responsible for providing unbiased perspectives on the board's policies.

Francis Laurencio

CFO, Chief Accounting Officer

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