AXT Correlations

AXTI Stock

USD 2.06 0.09 4.57%

The current 90-days correlation between AXT Inc and Amtech Systems is 0.18 (i.e., Average diversification). The correlation of AXT 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.

AXT Correlation With Market

Modest diversification

The correlation between AXT Inc 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 AXT Inc 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 AXT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with AXT Stock

0.67	VECO	Veeco Instruments	Pair Corr
0.74	FORM	FormFactor	Pair Corr
0.63	ACLS	Axcelis Technologies	Pair Corr
0.83	AEHR	Aehr Test Systems	Pair Corr
0.7	SIMO	Silicon Motion Technology	Pair Corr
0.67	CAMT	Camtek	Pair Corr
0.68	CDW	CDW Corp	Pair Corr
0.61	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against AXT Stock

0.67	EHGO	Eshallgo Class A	Pair Corr
0.58	CWAN	Clearwater Analytics	Pair Corr
0.44	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.35	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.33	ASAN	Asana Inc Sell-off Trend	Pair Corr
0.59	WMT	Walmart Aggressive Push	Pair Corr
0.55	T	ATT Inc Aggressive Push	Pair Corr
0.52	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.48	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.47	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.42	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	VECO	ICHR	IPGP	NVMI	UCTT	ASYS	COHU	ONTO	KLIC	ENTG
VECO		0.03	-0.32	0.87	0.5	0.66	-0.03	0.79	-0.34	0.82	VECO
ICHR	0.03		0.34	0.21	0.59	-0.07	0.61	-0.24	0.63	0.13	ICHR
IPGP	-0.32	0.34		-0.29	0.31	-0.72	0.7	-0.09	0.87	-0.34	IPGP
NVMI	0.87	0.21	-0.29		0.46	0.62	0.07	0.61	-0.27	0.81	NVMI
UCTT	0.5	0.59	0.31	0.46		-0.05	0.31	0.51	0.47	0.38	UCTT
ASYS	0.66	-0.07	-0.72	0.62	-0.05		-0.24	0.32	-0.66	0.66	ASYS
COHU	-0.03	0.61	0.7	0.07	0.31	-0.24		-0.18	0.7	-0.03	COHU
ONTO	0.79	-0.24	-0.09	0.61	0.51	0.32	-0.18		-0.23	0.63	ONTO
KLIC	-0.34	0.63	0.87	-0.27	0.47	-0.66	0.7	-0.23		-0.33	KLIC
ENTG	0.82	0.13	-0.34	0.81	0.38	0.66	-0.03	0.63	-0.33		ENTG
	VECO	ICHR	IPGP	NVMI	UCTT	ASYS	COHU	ONTO	KLIC	ENTG

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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

NVMI	+ 0.87	VECO
KLIC	+ 0.87	IPGP
ENTG	+ 0.82	VECO
ENTG	+ 0.81	NVMI
ONTO	+ 0.79	VECO
COHU	+ 0.7	IPGP

High negative correlations

ASYS	- 0.72	IPGP
KLIC	- 0.66	ASYS
ENTG	- 0.34	IPGP
KLIC	- 0.34	VECO
ENTG	- 0.33	KLIC
IPGP	- 0.32	VECO

Risk-Adjusted Indicators

There is a big difference between AXT Stock performing well and AXT 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 AXT'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
VECO	1.77	(0.68)	0.00	(0.23)	0.00	0.00	3.96	(4.58)	12.77
ICHR	2.50	(0.08)	0.02	0.08	2.87	(2.77)	4.28	(5.22)	21.12
IPGP	1.70	(0.03)	0.03	0.10	1.82	(1.83)	4.46	(3.32)	11.69
NVMI	2.48	(0.50)	0.00	(0.15)	0.00	0.00	5.57	(7.05)	17.04
UCTT	2.51	(0.20)	(0.03)	0.02	3.13	(2.80)	5.13	(5.21)	20.10
ASYS	1.85	(0.24)	0.00	(1.34)	0.00	0.00	3.57	(4.33)	10.29
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
KLIC	1.91	0.02	0.05	0.13	2.26	(1.96)	4.74	(3.03)	11.34
ENTG	2.08	(0.23)	0.00	(0.03)	0.00	0.00	3.84	(4.09)	12.71

AXT Corporate Executives

Elected by the shareholders, the AXT's board of directors comprises two types of representatives: AXT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AXT. The board's role is to monitor AXT's management team and ensure that shareholders' interests are well served. AXT'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, AXT's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gary Fischer

CFO, VP and Corporate Secretary

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