Camtek Correlations

CAMT Stock

USD 131.67 1.88 1.45%

The current 90-days correlation between Camtek and Onto Innovation is 0.77 (i.e., Poor diversification). The correlation of Camtek 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.

Camtek Correlation With Market

Very weak diversification

The correlation between Camtek and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Camtek and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Camtek Stock

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

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

Moving together with Camtek Stock

0.67	INTC	Intel Buyout Trend	Pair Corr
0.61	BA	Boeing	Pair Corr

Moving against Camtek Stock

0.6	TRV	The Travelers Companies	Pair Corr
0.33	PFE	Pfizer Inc	Pair Corr
0.32	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	ONTO	SMTC	ALGM	ESE	CRUS	OLED	BMI	ARW	FORM	VNT
ONTO		0.81	0.33	-0.67	-0.1	-0.36	-0.12	0.03	0.79	-0.15	ONTO
SMTC	0.81		0.33	-0.61	-0.01	-0.29	0.1	0.11	0.61	-0.12	SMTC
ALGM	0.33	0.33		0.1	0.77	0.68	0.3	0.76	0.03	0.72	ALGM
ESE	-0.67	-0.61	0.1		0.3	0.48	0.23	0.07	-0.45	0.31	ESE
CRUS	-0.1	-0.01	0.77	0.3		0.76	0.43	0.71	-0.23	0.72	CRUS
OLED	-0.36	-0.29	0.68	0.48	0.76		0.31	0.76	-0.56	0.84	OLED
BMI	-0.12	0.1	0.3	0.23	0.43	0.31		0.4	-0.05	0.43	BMI
ARW	0.03	0.11	0.76	0.07	0.71	0.76	0.4		-0.4	0.89	ARW
FORM	0.79	0.61	0.03	-0.45	-0.23	-0.56	-0.05	-0.4		-0.49	FORM
VNT	-0.15	-0.12	0.72	0.31	0.72	0.84	0.43	0.89	-0.49		VNT
	ONTO	SMTC	ALGM	ESE	CRUS	OLED	BMI	ARW	FORM	VNT

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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

VNT	+ 0.89	ARW
VNT	+ 0.84	OLED
SMTC	+ 0.81	ONTO
FORM	+ 0.79	ONTO
CRUS	+ 0.77	ALGM
ARW	+ 0.76	ALGM

High negative correlations

ESE	- 0.67	ONTO
ESE	- 0.61	SMTC
FORM	- 0.56	OLED
VNT	- 0.49	FORM
FORM	- 0.45	ESE
FORM	- 0.4	ARW

Risk-Adjusted Indicators

There is a big difference between Camtek Stock performing well and Camtek 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 Camtek'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
ONTO	2.74	0.35	0.14	0.23	3.27	(3.08)	5.53	(4.75)	14.14
SMTC	2.72	0.01	0.03	0.09	3.12	(3.09)	5.78	(5.62)	18.27
ALGM	2.39	0.00	0.06	0.09	2.47	(2.78)	5.72	(4.49)	13.78
ESE	1.33	(0.05)	(0.04)	0.03	1.71	(1.36)	2.46	(3.16)	7.84
CRUS	1.48	(0.15)	0.00	(0.01)	0.00	0.00	3.99	(2.78)	12.16
OLED	1.78	(0.28)	0.00	(0.09)	0.00	0.00	4.34	(3.34)	13.35
BMI	1.56	(0.14)	0.00	(0.01)	0.00	0.00	2.96	(3.13)	14.11
ARW	1.19	(0.16)	0.00	(0.05)	0.00	0.00	2.33	(2.50)	8.90
FORM	2.99	0.81	0.28	0.55	2.53	(3.58)	6.39	(4.63)	32.46
VNT	1.23	(0.13)	0.00	(0.01)	0.00	0.00	2.68	(2.55)	14.20

Camtek Corporate Management

Orit Dvash	Vice Resources	Profile
Lior Aviram	Executive Board	Profile
Moshe Eisenberg	Chief Officer	Profile
Ramy Langer	Chief Officer	Profile
Shimon Koren	Chief Officer	Profile
Omri Katz	Senior Support	Profile

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