AXT Correlations

AXTI Stock

USD 2.09 0.01 0.48%

The current 90-days correlation between AXT Inc and Amtech Systems is 0.16 (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

Average diversification

The correlation between AXT Inc and DJI is 0.16 (i.e., Average 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

0.62

PFE

Pfizer Inc Earnings Call This Week

Pair Corr

Moving against AXT Stock

0.53	HCKT	Hackett Group	Pair Corr
0.42	MUFG	Mitsubishi UFJ Financial Earnings Call Tomorrow	Pair Corr
0.34	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.34	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.5	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.48	BAC	Bank of America	Pair Corr
0.36	MFG	Mizuho Financial	Pair Corr
0.35	TRV	The Travelers Companies	Pair Corr
0.34	V	Visa Class A	Pair Corr

Related Correlations Analysis

	VECO	ICHR	IPGP	NVMI	UCTT	ASYS	COHU	ONTO	KLIC	ENTG
VECO		0.37	0.78	-0.43	0.32	0.58	0.8	-0.07	0.6	0.61	VECO
ICHR	0.37		0.17	-0.3	0.76	0.49	0.66	-0.46	0.84	0.39	ICHR
IPGP	0.78	0.17		-0.31	0.16	0.38	0.63	0.0	0.44	0.66	IPGP
NVMI	-0.43	-0.3	-0.31		0.17	-0.76	-0.59	0.81	-0.41	-0.14	NVMI
UCTT	0.32	0.76	0.16	0.17		0.12	0.39	0.08	0.66	0.5	UCTT
ASYS	0.58	0.49	0.38	-0.76	0.12		0.65	-0.53	0.57	0.38	ASYS
COHU	0.8	0.66	0.63	-0.59	0.39	0.65		-0.48	0.8	0.48	COHU
ONTO	-0.07	-0.46	0.0	0.81	0.08	-0.53	-0.48		-0.44	0.04	ONTO
KLIC	0.6	0.84	0.44	-0.41	0.66	0.57	0.8	-0.44		0.63	KLIC
ENTG	0.61	0.39	0.66	-0.14	0.5	0.38	0.48	0.04	0.63		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

KLIC	+ 0.84	ICHR
ONTO	+ 0.81	NVMI
COHU	+ 0.8	VECO
KLIC	+ 0.8	COHU
IPGP	+ 0.78	VECO
UCTT	+ 0.76	ICHR

High negative correlations

ASYS	- 0.76	NVMI
COHU	- 0.59	NVMI
ONTO	- 0.53	ASYS
ONTO	- 0.48	COHU
ONTO	- 0.46	ICHR
KLIC	- 0.44	ONTO

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	(0.22)	0.00	(0.60)	0.00	0.00	3.78	(3.97)	13.15
ICHR	2.32	(0.06)	(0.01)	0.03	2.83	(2.61)	4.34	(5.06)	24.53
IPGP	1.90	(0.10)	0.00	(0.08)	0.00	0.00	4.47	(3.91)	11.94
NVMI	2.41	0.50	0.12	(1.75)	2.99	(2.79)	5.54	(6.09)	19.74
UCTT	2.19	0.05	0.00	0.19	3.06	(2.04)	3.91	(4.20)	14.77
ASYS	1.41	(0.21)	0.00	2.57	0.00	0.00	3.36	(3.37)	12.23
COHU	2.15	(0.18)	0.00	(0.44)	0.00	0.00	3.92	(4.12)	16.68
ONTO	2.31	0.04	0.00	0.20	3.67	(2.45)	5.66	(4.38)	21.06
KLIC	1.69	(0.02)	(0.03)	0.01	2.19	(1.56)	3.77	(3.06)	9.85
ENTG	1.92	(0.04)	0.00	(0.15)	0.00	0.00	3.03	(4.23)	11.79

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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