Cohu Correlations

Stocks . Germany . 
Stock . Cohu Inc
CU3 Stock  EUR 25.40  2.00  8.55%   
The current 90-days correlation between Cohu Inc and Axcelis Technologies is 0.34 (i.e., Weak diversification). The correlation of Cohu 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.

Cohu Correlation With Market

Poor diversification

The correlation between Cohu Inc and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohu Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Cohu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cohu when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cohu - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cohu Inc to buy it.

Moving together with Cohu Stock

  0.81CJ8A CARGOJET INC VARPairCorr
  0.61GLE Gladstone CommercialPairCorr
  0.82GCB PTT Global ChemicalPairCorr
  0.73XSI Sanyo Chemical IndustriesPairCorr
  0.83UEO Westlake ChemicalPairCorr
  0.75UUEC United UtilitiesPairCorr
  0.63SRT3 Sartorius AktiengesellschaPairCorr
  0.82X0 CortevaPairCorr
  0.85GJ9 SLC Agricola SA SplitPairCorr
  0.63MM2 Mercator MedicalPairCorr
  0.75NEF NESTE OIL Earnings Call TomorrowPairCorr
  0.76QIA QIAGEN NV Earnings Call TodayPairCorr
  0.72LUS1 Lang Schwarz AktiengPairCorr
  0.824HF Hoist Finance AB Earnings Call This WeekPairCorr
  0.874OQ1 AGNC Investment CorpPairCorr
  0.8H3M Hochschild Mining plcPairCorr
  0.7ARW Arrow Electronics Earnings Call TomorrowPairCorr
  0.818SF SLIGRO FOOD GROUP Earnings Call TomorrowPairCorr
  0.85WWR Woolworths GroupPairCorr
  0.67E908 Lyxor 1PairCorr
  0.73DBPE Xtrackers LevDAXPairCorr

Moving against Cohu Stock

  0.75MUM Mensch und MaschinePairCorr
  0.64ESLC ESSILORLUXOTTICA 12ONPairCorr
  0.55PP1 Papa Johns InternationalPairCorr
  0.439MDA MEITUAN UNSPADR/2BPairCorr
  0.3899Q ENTREPARTICULIERS EOPairCorr
  0.76DBPD Xtrackers ShortDAXPairCorr
  0.44SOBA ATT IncPairCorr

Related Correlations Analysis


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

CVU
+ 0.78
TE1
CVU
+ 0.62
XXA1
XXA1
+ 0.6
TE1
5IU
+ 0.29
TE1
5IU
+ 0.29
XXA1
5IU
+ 0.23
CVU
  

High negative correlations

DPD3
- 1.0
B3BN
CVU
- 0.4
BBEA
BBEA
- 0.3
XXA1
BBEA
- 0.15
TE1
5IU
- 0.01
BBEA
5IU
- 0.0
DPD3

Risk-Adjusted Indicators

There is a big difference between Cohu Stock performing well and Cohu 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 Cohu'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cohu without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Cohu Corporate Management

Elected by the shareholders, the Cohu's board of directors comprises two types of representatives: Cohu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cohu. The board's role is to monitor Cohu's management team and ensure that shareholders' interests are well served. Cohu'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, Cohu's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christopher BohrsonChief OfficerProfile
Thomas KampferGen DevelProfile
Ian LaweeVP GroupProfile
Anna AguirreChief OfficerProfile
Klaus IlgenfritzChief OfficerProfile
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