IPG Photonics Correlations

IPGP Stock

USD 110.85 0.17 0.15%

The current 90-days correlation between IPG Photonics and Ambarella is 0.45 (i.e., Very weak diversification). The correlation of IPG Photonics 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.

IPG Photonics Correlation With Market

Very weak diversification

The correlation between IPG Photonics 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 IPG Photonics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IPG Stock

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

To learn how to invest in IPG Stock, please use our How to Invest in IPG Photonics guide.

Moving together with IPG Stock

0.88	ARW	Arrow Electronics Tech Boost	Pair Corr
0.84	AVT	Avnet Inc	Pair Corr
0.77	BDC	Belden Inc Earnings Call Today	Pair Corr
0.88	BHE	Benchmark Electronics	Pair Corr
0.78	CTS	CTS Corporation	Pair Corr
0.88	GLW	Corning Incorporated Tech Boost	Pair Corr
0.8	MEI	Methode Electronics	Pair Corr
0.79	TDY	Teledyne Technologies	Pair Corr
0.78	ME5A	Methode Electronics	Pair Corr
0.85	ARW	Arrow Electronics	Pair Corr
0.67	BELFB	Bel Fuse B	Pair Corr

Moving against IPG Stock

0.52	EVLV	Evolv Technologies	Pair Corr
0.42	GFAI	Guardforce AI	Pair Corr
0.4	HOLO	MicroCloud Hologram	Pair Corr
0.37	WRAP	Wrap Technologies	Pair Corr
0.73	RVSN	Rail Vision Trending	Pair Corr
0.59	ZEPP	Zepp Health Corp Trending	Pair Corr
0.52	SXC	Sunny Optical Technology	Pair Corr
0.44	REFR	Research Frontiers	Pair Corr
0.41	KSCP	Knightscope	Pair Corr
0.37	RGTI	Rigetti Computing	Pair Corr
0.34	SNT	Sabien Technology	Pair Corr

Related Correlations Analysis

	AMBA	SIMO	SLAB	NVTS	COMM	PTRN	NIQ	ASAN	FORM	NAVN
AMBA		-0.66	-0.59	-0.21	-0.68	0.61	-0.29	0.43	-0.72	0.54	AMBA
SIMO	-0.66		0.8	0.57	0.56	-0.13	-0.06	-0.77	0.93	-0.45	SIMO
SLAB	-0.59	0.8		0.25	0.45	-0.39	-0.33	-0.64	0.83	-0.58	SLAB
NVTS	-0.21	0.57	0.25		0.26	0.21	0.3	-0.21	0.52	0.09	NVTS
COMM	-0.68	0.56	0.45	0.26		-0.6	0.4	-0.21	0.58	-0.09	COMM
PTRN	0.61	-0.13	-0.39	0.21	-0.6		-0.21	-0.04	-0.29	0.41	PTRN
NIQ	-0.29	-0.06	-0.33	0.3	0.4	-0.21		0.31	0.0	0.27	NIQ
ASAN	0.43	-0.77	-0.64	-0.21	-0.21	-0.04	0.31		-0.76	0.59	ASAN
FORM	-0.72	0.93	0.83	0.52	0.58	-0.29	0.0	-0.76		-0.53	FORM
NAVN	0.54	-0.45	-0.58	0.09	-0.09	0.41	0.27	0.59	-0.53		NAVN
	AMBA	SIMO	SLAB	NVTS	COMM	PTRN	NIQ	ASAN	FORM	NAVN

Please upgrade your account to get full access to Macroaxis premium features

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

FORM	+ 0.93	SIMO
FORM	+ 0.83	SLAB
SLAB	+ 0.8	SIMO
PTRN	+ 0.61	AMBA
NAVN	+ 0.59	ASAN
FORM	+ 0.58	COMM

High negative correlations

ASAN	- 0.77	SIMO
FORM	- 0.76	ASAN
FORM	- 0.72	AMBA
COMM	- 0.68	AMBA
SIMO	- 0.66	AMBA
ASAN	- 0.64	SLAB

Risk-Adjusted Indicators

There is a big difference between IPG Stock performing well and IPG Photonics 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 IPG Photonics' 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
AMBA	2.80	(0.51)	0.00	(0.15)	0.00	0.00	5.30	(4.88)	24.07
SIMO	2.28	0.43	0.14	0.62	2.62	(2.43)	6.60	(5.10)	23.47
SLAB	2.67	0.69	0.35	0.42	1.70	(3.44)	4.55	(3.67)	49.42
NVTS	5.33	(0.29)	0.00	0.02	6.14	(5.75)	15.68	(9.62)	32.37
COMM	1.99	0.33	0.11	0.56	2.44	(2.16)	4.14	(4.01)	15.17
PTRN	3.43	(0.70)	0.00	(0.21)	0.00	0.00	7.93	(10.08)	25.95
NIQ	2.62	(0.16)	0.00	(0.12)	0.00	0.00	4.93	(5.95)	25.91
ASAN	2.33	(0.77)	0.00	(0.59)	0.00	0.00	3.55	(6.30)	15.87
FORM	2.74	0.74	0.26	0.65	2.53	(3.29)	6.39	(3.87)	16.16
NAVN	3.88	(0.76)	0.00	(0.26)	0.00	0.00	6.96	(9.32)	21.66

IPG Photonics Corporate Management

Alexander Ovtchinnikov	Sr. VP of Components	Profile
Mary Buttarazzi	Corporate VP	Profile
Jennifer Kartono	Senior Officer	Profile
Paulus Bucher	Senior Operations	Profile
Igor Samartsev	Senior Scientist	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC