InTest Correlations

INTT Stock

USD 7.79 0.35 4.70%

The current 90-days correlation between inTest and Amtech Systems is 0.21 (i.e., Modest diversification). The correlation of InTest 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.

InTest Correlation With Market

Very weak diversification

The correlation between inTest and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding inTest 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 inTest. 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.

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

Moving together with InTest Stock

0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.76	S	SentinelOne	Pair Corr
0.72	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.64	ZS	Zscaler Earnings Call This Week	Pair Corr
0.61	EBON	Ebang International	Pair Corr
0.72	EVCM	EverCommerce	Pair Corr
0.71	ANY	Sphere 3D Corp	Pair Corr
0.76	CRM	Salesforce Earnings Call This Week	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.75	LIF	Life360, Common Stock	Pair Corr
0.69	NET	Cloudflare Buyout Trend	Pair Corr
0.67	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.62	RXT	Rackspace Technology	Pair Corr

Moving against InTest Stock

0.66	ENPH	Enphase Energy	Pair Corr
0.57	VRRM	Verra Mobility Corp	Pair Corr
0.52	FSLR	First Solar	Pair Corr
0.46	SEDG	SolarEdge Technologies	Pair Corr
0.44	ACLS	Axcelis Technologies	Pair Corr
0.39	AMKR	Amkor Technology	Pair Corr
0.37	OLED	Universal Display	Pair Corr
0.34	VCSA	Vacasa Inc	Pair Corr
0.6	VHC	VirnetX Holding Corp	Pair Corr
0.44	FRGT	Freight Technologies	Pair Corr
0.43	CDW	CDW Corp	Pair Corr
0.32	ARW	Arrow Electronics	Pair Corr

Related Correlations Analysis

	LRCX	KLAC	KLIC	ACLS	ASML	TER	UCTT	ASYS
LRCX		0.88	0.04	0.77	0.81	0.65	0.75	0.44	LRCX
KLAC	0.88		-0.35	0.93	0.96	0.88	0.54	0.64	KLAC
KLIC	0.04	-0.35		-0.51	-0.46	-0.54	0.45	-0.64	KLIC
ACLS	0.77	0.93	-0.51		0.92	0.92	0.39	0.74	ACLS
ASML	0.81	0.96	-0.46	0.92		0.87	0.44	0.78	ASML
TER	0.65	0.88	-0.54	0.92	0.87		0.41	0.64	TER
UCTT	0.75	0.54	0.45	0.39	0.44	0.41		0.02	UCTT
ASYS	0.44	0.64	-0.64	0.74	0.78	0.64	0.02		ASYS
	LRCX	KLAC	KLIC	ACLS	ASML	TER	UCTT	ASYS

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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

ASML	+ 0.96	KLAC
ACLS	+ 0.93	KLAC
ASML	+ 0.92	ACLS
TER	+ 0.92	ACLS
KLAC	+ 0.88	LRCX
TER	+ 0.88	KLAC

High negative correlations

ASYS	- 0.64	KLIC
TER	- 0.54	KLIC
ACLS	- 0.51	KLIC
ASML	- 0.46	KLIC
KLIC	- 0.35	KLAC

Risk-Adjusted Indicators

There is a big difference between InTest Stock performing well and InTest 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 InTest'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
LRCX	2.03	(0.39)	0.00	(0.22)	0.00	0.00	4.39	(4.31)	16.34
KLAC	2.02	(0.51)	0.00	(0.23)	0.00	0.00	3.24	(3.70)	20.36
KLIC	1.92	(0.02)	0.03	0.08	2.44	(1.92)	4.74	(3.06)	11.34
ACLS	2.01	(0.84)	0.00	(0.32)	0.00	0.00	3.99	(5.37)	14.28
ASML	2.08	(0.58)	0.00	(0.36)	0.00	0.00	3.76	(5.38)	22.75
TER	2.02	(0.50)	0.00	(0.17)	0.00	0.00	3.61	(3.70)	16.21
UCTT	2.53	(0.22)	0.00	(0.03)	0.00	0.00	5.13	(5.21)	20.10
ASYS	1.91	(0.14)	0.00	(0.75)	0.00	0.00	3.76	(4.33)	10.29

InTest Corporate Management

Joe McManus	Division Test	Profile
Susan Dawson	Finance Manager	Profile
Duncan Gilmour	Treasurer CFO	Profile
Joseph McManus	Division Test	Profile
Richard Rogoff	Vice Development	Profile
Meghan Moseley	Vice Resources	Profile

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