Ichor Holdings Correlations

ICHR Stock

USD 27.69 0.49 1.80%

The current 90-days correlation between Ichor Holdings and Cohu Inc is 0.65 (i.e., Poor diversification). The correlation of Ichor Holdings 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.

Ichor Holdings Correlation With Market

Weak diversification

The correlation between Ichor Holdings and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ichor Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ichor Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Ichor Stock, please use our How to Invest in Ichor Holdings guide.

Moving together with Ichor Stock

0.84	KLIC	Kulicke and Soffa	Pair Corr
0.63	PLAB	Photronics	Pair Corr
0.64	COHU	Cohu Inc	Pair Corr
0.78	UCTT	Ultra Clean Holdings	Pair Corr

Moving against Ichor Stock

0.58	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.38	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	COHU	ENTG	KLIC	PLAB	VECO	AXTI	IPGP	NVMI	UCTT
COHU		0.48	0.77	0.53	0.77	0.1	0.63	-0.55	0.41	COHU
ENTG	0.48		0.61	0.48	0.6	0.23	0.66	-0.13	0.5	ENTG
KLIC	0.77	0.61		0.74	0.52	0.19	0.42	-0.34	0.68	KLIC
PLAB	0.53	0.48	0.74		0.3	0.12	0.27	-0.27	0.41	PLAB
VECO	0.77	0.6	0.52	0.3		0.1	0.77	-0.41	0.3	VECO
AXTI	0.1	0.23	0.19	0.12	0.1		0.01	0.53	0.38	AXTI
IPGP	0.63	0.66	0.42	0.27	0.77	0.01		-0.29	0.16	IPGP
NVMI	-0.55	-0.13	-0.34	-0.27	-0.41	0.53	-0.29		0.19	NVMI
UCTT	0.41	0.5	0.68	0.41	0.3	0.38	0.16	0.19		UCTT
	COHU	ENTG	KLIC	PLAB	VECO	AXTI	IPGP	NVMI	UCTT

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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	+ 0.77	COHU
VECO	+ 0.77	COHU
IPGP	+ 0.77	VECO
PLAB	+ 0.74	KLIC
UCTT	+ 0.68	KLIC
IPGP	+ 0.66	ENTG

High negative correlations

NVMI	- 0.55	COHU
NVMI	- 0.41	VECO
NVMI	- 0.34	KLIC
NVMI	- 0.29	IPGP
NVMI	- 0.27	PLAB
NVMI	- 0.13	ENTG

Risk-Adjusted Indicators

There is a big difference between Ichor Stock performing well and Ichor Holdings 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 Ichor Holdings' 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
COHU	2.17	(0.17)	0.00	(0.32)	0.00	0.00	3.92	(4.12)	16.68
ENTG	1.93	(0.03)	(0.04)	(0.03)	2.64	(1.88)	3.03	(4.23)	11.79
KLIC	1.73	0.02	(0.02)	0.13	2.18	(1.65)	3.77	(3.06)	9.85
PLAB	1.88	(0.02)	(0.04)	(0.06)	2.46	(1.88)	4.08	(4.10)	17.20
VECO	1.77	(0.22)	0.00	(0.56)	0.00	0.00	3.78	(3.97)	13.15
AXTI	3.37	(0.01)	(0.01)	0.08	3.85	(4.11)	6.83	(5.98)	17.67
IPGP	1.91	(0.09)	0.00	(0.04)	0.00	0.00	4.47	(3.91)	11.94
NVMI	2.39	0.49	0.11	(1.78)	2.95	(2.76)	5.54	(6.09)	19.74
UCTT	2.18	0.03	0.00	0.15	3.06	(2.03)	3.91	(4.20)	14.77

Ichor Holdings Corporate Management

Larry Sparks	Chief Officer	Profile
Kevin Canty	Head Initiatives	Profile
Greg Swyt	Chief Officer	Profile
Diana Finucane	Chief Officer	Profile
Bruce Ragsdale	Chief Officer	Profile
Philip Barros	Chief Officer	Profile

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