InTest Correlations

INTT Stock

USD 8.65 0.07 0.80%

The current 90-days correlation between inTest and Amtech Systems is 0.11 (i.e., Average 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 0.46 (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.

Build AI portfolio with InTest Stock

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 persons.

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

Moving together with InTest Stock

0.8

Home Depot

Pair Corr

Moving against InTest Stock

0.8	TRV	The Travelers Companies Earnings Call This Week	Pair Corr
0.51	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.49	PFE	Pfizer Inc	Pair Corr
0.48	MRK	Merck Company	Pair Corr
0.45	MCD	McDonalds	Pair Corr
0.36	BAC	Bank of America	Pair Corr
0.34	AXP	American Express	Pair Corr

Related Correlations Analysis

	ASYS	MX	QUIK	MOBX	NA	ATOM	KVHI	OSS	ZENA	WKEY
ASYS		0.14	0.26	-0.79	-0.71	-0.35	0.94	0.84	-0.29	-0.41	ASYS
MX	0.14		0.48	0.29	0.05	0.58	0.07	0.24	0.56	0.09	MX
QUIK	0.26	0.48		0.03	0.07	0.32	0.18	0.39	0.49	0.49	QUIK
MOBX	-0.79	0.29	0.03		0.68	0.73	-0.8	-0.65	0.68	0.43	MOBX
NA	-0.71	0.05	0.07	0.68		0.61	-0.74	-0.61	0.66	0.32	NA
ATOM	-0.35	0.58	0.32	0.73	0.61		-0.42	-0.24	0.9	0.2	ATOM
KVHI	0.94	0.07	0.18	-0.8	-0.74	-0.42		0.79	-0.42	-0.43	KVHI
OSS	0.84	0.24	0.39	-0.65	-0.61	-0.24	0.79		-0.17	-0.33	OSS
ZENA	-0.29	0.56	0.49	0.68	0.66	0.9	-0.42	-0.17		0.33	ZENA
WKEY	-0.41	0.09	0.49	0.43	0.32	0.2	-0.43	-0.33	0.33		WKEY
	ASYS	MX	QUIK	MOBX	NA	ATOM	KVHI	OSS	ZENA	WKEY

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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

KVHI	+ 0.94	ASYS
ZENA	+ 0.9	ATOM
OSS	+ 0.84	ASYS
OSS	+ 0.79	KVHI
ATOM	+ 0.73	MOBX
NA	+ 0.68	MOBX

High negative correlations

KVHI	- 0.8	MOBX
MOBX	- 0.79	ASYS
KVHI	- 0.74	NA
NA	- 0.71	ASYS
OSS	- 0.65	MOBX
OSS	- 0.61	NA

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
ASYS	2.96	0.72	0.27	0.37	2.68	(3.56)	6.07	(3.97)	23.86
MX	2.50	(0.11)	(0.01)	0.02	3.41	(2.71)	4.84	(5.86)	18.85
QUIK	3.69	0.25	0.07	0.21	4.18	(4.11)	8.48	(6.94)	24.52
MOBX	6.38	(1.63)	0.00	(0.97)	0.00	0.00	12.50	(13.51)	61.62
NA	3.39	(0.56)	0.00	(0.55)	0.00	0.00	7.45	(6.20)	38.30
ATOM	4.12	(1.13)	0.00	(0.40)	0.00	0.00	7.88	(8.51)	34.68
KVHI	2.21	0.42	0.15	0.81	2.09	(2.67)	5.24	(3.41)	13.83
OSS	5.01	0.95	0.19	0.63	4.76	(5.65)	22.03	(7.99)	38.58
ZENA	4.84	(0.85)	0.00	(0.19)	0.00	0.00	11.32	(7.77)	28.70
WKEY	7.06	(0.15)	0.03	0.06	7.89	(7.85)	16.61	(12.52)	46.61

InTest Corporate Management

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

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