Camtek Correlations

CAMT Stock

USD 163.09 14.99 10.12%

The current 90-days correlation between Camtek and Onto Innovation is 0.15 (i.e., Average 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 poor diversification

The correlation between Camtek and DJI is 0.83 (i.e., Very poor 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 state.

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

Moving together with Camtek Stock

0.91	DIOD	Diodes Incorporated	Pair Corr
0.83	AIX2	AIXTRON SE	Pair Corr
0.92	MU	Micron Technology	Pair Corr
0.7	MX	MagnaChip Semiconductor	Pair Corr
0.92	ON	ON Semiconductor	Pair Corr
0.83	AMK	Amkor Technology	Pair Corr
0.93	ASM	ASM International Earnings Call This Week	Pair Corr
0.87	ALKAL	Kalray SA	Pair Corr
0.82	TWA	TOWA	Pair Corr
0.93	KU1	Kulicke and Soffa	Pair Corr
0.88	TEY	Teradyne	Pair Corr
0.84	INL	Intel	Pair Corr
0.8	CTNK	Centrotherm International	Pair Corr
0.84	ENPH	Enphase Energy	Pair Corr
0.93	ANL	Analog Devices	Pair Corr
0.97	ENTG	Entegris	Pair Corr
0.75	WAF	Siltronic AG	Pair Corr
0.92	ROM	ROHM Co	Pair Corr
0.64	VNX	NXP Semiconductors	Pair Corr
0.93	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.95	ASME	ASML Holding NV	Pair Corr
0.85	AIXA	AIXTRON SE Earnings Call This Week	Pair Corr
0.95	ASMF	ASML HOLDING NY	Pair Corr
0.92	BSI	BE Semiconductor Ind	Pair Corr
0.88	UMCB	United Microelectronics	Pair Corr

Moving against Camtek Stock

0.84	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.82	L5A	Canadian Solar	Pair Corr
0.46	NA	Nano Labs	Pair Corr
0.44	PI	Impinj Inc	Pair Corr
0.74	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.43	2DG	SIVERS SEMICONDUCTORS Earnings Call This Week	Pair Corr
0.41	4DS	4DS Memory	Pair Corr
0.36	ARM	Arm Holdings plc	Pair Corr

Related Correlations Analysis

	ONTO	SMTC	ALGM	ESE	CRUS	OLED	BMI	ARW	FORM	VNT
ONTO		0.83	0.89	0.68	0.79	0.28	-0.65	0.75	0.92	0.75	ONTO
SMTC	0.83		0.91	0.71	0.87	0.34	-0.66	0.85	0.86	0.75	SMTC
ALGM	0.89	0.91		0.84	0.92	0.27	-0.84	0.93	0.94	0.81	ALGM
ESE	0.68	0.71	0.84		0.88	0.02	-0.78	0.92	0.88	0.75	ESE
CRUS	0.79	0.87	0.92	0.88		0.15	-0.76	0.96	0.93	0.8	CRUS
OLED	0.28	0.34	0.27	0.02	0.15		-0.03	0.13	0.2	0.32	OLED
BMI	-0.65	-0.66	-0.84	-0.78	-0.76	-0.03		-0.8	-0.73	-0.53	BMI
ARW	0.75	0.85	0.93	0.92	0.96	0.13	-0.8		0.91	0.85	ARW
FORM	0.92	0.86	0.94	0.88	0.93	0.2	-0.73	0.91		0.86	FORM
VNT	0.75	0.75	0.81	0.75	0.8	0.32	-0.53	0.85	0.86		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

ARW	+ 0.96	CRUS
FORM	+ 0.94	ALGM
ARW	+ 0.93	ALGM
FORM	+ 0.93	CRUS
FORM	+ 0.92	ONTO
CRUS	+ 0.92	ALGM

High negative correlations

BMI	- 0.84	ALGM
ARW	- 0.8	BMI
BMI	- 0.78	ESE
BMI	- 0.76	CRUS
FORM	- 0.73	BMI
BMI	- 0.66	SMTC

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	2.43	0.71	0.26	0.45	2.27	(2.70)	5.53	(4.35)	14.36
SMTC	2.42	0.37	0.14	0.26	2.73	(2.70)	6.56	(5.16)	18.27
ALGM	2.70	0.66	0.27	0.37	2.33	(3.22)	7.64	(3.58)	18.26
ESE	1.59	0.33	0.17	0.40	1.58	(1.80)	3.47	(3.31)	9.94
CRUS	1.41	0.29	0.16	0.44	1.37	(1.57)	3.99	(2.72)	12.19
OLED	1.73	(0.23)	0.00	(0.08)	0.00	0.00	3.80	(4.09)	18.27
BMI	1.82	(0.11)	0.00	0.55	0.00	0.00	3.58	(3.45)	16.79
ARW	1.41	0.56	0.40	0.44	0.80	(1.63)	3.80	(2.18)	14.58
FORM	2.65	1.00	0.34	0.82	2.44	(3.24)	6.39	(3.87)	19.72
VNT	1.17	0.20	0.08	1.67	1.41	(1.19)	3.41	(2.80)	8.92

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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