Keysight Technologies Correlations

KEYS Stock

USD 179.39 8.87 5.20%

The current 90-days correlation between Keysight Technologies and Vontier Corp is 0.22 (i.e., Modest diversification). The correlation of Keysight Technologies 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.

Keysight Technologies Correlation With Market

Weak diversification

The correlation between Keysight Technologies and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keysight Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keysight Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Keysight Stock

0.72	FARO	FARO Technologies	Pair Corr
0.83	FTV	Fortive Corp	Pair Corr
0.75	BKSY	Blacksky Technology Tech Boost	Pair Corr
0.8	TRMB	Trimble	Pair Corr
0.74	U	Unity Software	Pair Corr
0.67	AI	C3 Ai Inc	Pair Corr

Moving against Keysight Stock

0.51	SVREW	SaverOne 2014	Pair Corr
0.34	ST	Sensata Technologies Earnings Call This Week	Pair Corr
0.61	AWIN	AERWINS Technologies	Pair Corr
0.6	SVRE	SaverOne 2014	Pair Corr
0.48	DQ	Daqo New Energy	Pair Corr
0.41	DM	Desktop Metal Tech Boost	Pair Corr
0.37	ACFN	Acorn Energy	Pair Corr

Related Correlations Analysis

	VNT	TDY	ESE	MKSI	ST	FTV	NOVT	COHR	IIVI
VNT		0.5	0.72	0.63	0.01	0.42	0.22	0.46	0.0	VNT
TDY	0.5		0.2	0.52	-0.09	0.71	-0.14	0.04	0.0	TDY
ESE	0.72	0.2		0.52	0.22	0.36	0.37	0.62	0.0	ESE
MKSI	0.63	0.52	0.52		-0.21	0.74	-0.22	0.39	0.0	MKSI
ST	0.01	-0.09	0.22	-0.21		-0.29	0.9	0.23	0.0	ST
FTV	0.42	0.71	0.36	0.74	-0.29		-0.38	0.13	0.0	FTV
NOVT	0.22	-0.14	0.37	-0.22	0.9	-0.38		0.42	0.0	NOVT
COHR	0.46	0.04	0.62	0.39	0.23	0.13	0.42		0.0	COHR
IIVI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IIVI
	VNT	TDY	ESE	MKSI	ST	FTV	NOVT	COHR	IIVI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NOVT	+ 0.9	ST
FTV	+ 0.74	MKSI
ESE	+ 0.72	VNT
FTV	+ 0.71	TDY
MKSI	+ 0.63	VNT
COHR	+ 0.62	ESE

High negative correlations

NOVT	- 0.38	FTV
FTV	- 0.29	ST
NOVT	- 0.22	MKSI
ST	- 0.21	MKSI
NOVT	- 0.14	TDY
ST	- 0.09	TDY

Risk-Adjusted Indicators

There is a big difference between Keysight Stock performing well and Keysight Technologies 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 Keysight Technologies' 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
VNT	1.21	0.15	0.05	0.93	1.28	(1.30)	2.54	(2.06)	12.03
TDY	0.95	0.09	0.05	0.26	0.85	(1.09)	2.08	(1.34)	7.64
ESE	1.18	0.03	(0.03)	0.22	1.50	(1.14)	1.95	(2.30)	13.40
MKSI	1.97	0.14	0.03	0.39	2.56	(2.10)	3.78	(3.01)	19.59
ST	1.36	(0.36)	0.00	(9.49)	0.00	0.00	2.68	(3.02)	10.42
FTV	0.89	0.08	0.03	0.25	0.96	(0.99)	1.91	(1.85)	6.80
NOVT	1.42	(0.21)	0.00	(8.13)	0.00	0.00	2.34	(3.24)	16.07
COHR	3.17	(0.13)	0.00	(0.02)	0.00	0.00	6.19	(5.77)	29.02
IIVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

2024 Macroaxis LLC