KLA Tencor Correlations

KLAC Stock

USD 1,352 77.98 6.12%

The current 90-days correlation between KLA Tencor and Texas Instruments Incorporated is 0.51 (i.e., Very weak diversification). The correlation of KLA Tencor 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.

KLA Tencor Correlation With Market

Very weak diversification

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

Build AI portfolio with KLA Stock

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

For information on how to trade KLA Stock refer to our How to Trade KLA Stock guide.

Moving together with KLA Stock

0.84	MU	Micron Technology Aggressive Push	Pair Corr
0.64	ON	ON Semiconductor	Pair Corr
0.66	UMC	United Microelectronics	Pair Corr
0.94	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.79	QCOM	Qualcomm Incorporated	Pair Corr
0.79	AMAT	Applied Materials	Pair Corr
0.78	AMKR	Amkor Technology Buyout Trend	Pair Corr
0.72	TSEM	Tower Semiconductor	Pair Corr
0.65	ACN	Accenture plc	Pair Corr
0.67	VLKAF	Volkswagen AG	Pair Corr
0.63	VWAGY	Volkswagen AG 110	Pair Corr
0.77	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.72	FTV	Fortive Corp	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.91	BAC	Bank of America	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr

Moving against KLA Stock

0.51	GCTS	GCT Semiconductor Holding	Pair Corr
0.44	JD	JD Inc Adr	Pair Corr
0.34	OLED	Universal Display	Pair Corr
0.71	T	ATT Inc	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.4	MSFT	Microsoft Sell-off Trend	Pair Corr

Related Correlations Analysis

	TXN	AMAT	LRCX	INTC	QCOM	ARM	ACN	SONY	APH	ADI
TXN		0.46	0.23	0.29	0.16	-0.27	0.59	-0.33	-0.31	0.69	TXN
AMAT	0.46		0.82	0.45	0.57	-0.69	0.85	-0.69	0.57	0.92	AMAT
LRCX	0.23	0.82		0.3	0.7	-0.64	0.7	-0.76	0.66	0.69	LRCX
INTC	0.29	0.45	0.3		0.51	0.18	0.31	0.02	0.48	0.34	INTC
QCOM	0.16	0.57	0.7	0.51		-0.16	0.58	-0.42	0.56	0.47	QCOM
ARM	-0.27	-0.69	-0.64	0.18	-0.16		-0.69	0.69	-0.27	-0.72	ARM
ACN	0.59	0.85	0.7	0.31	0.58	-0.69		-0.74	0.29	0.92	ACN
SONY	-0.33	-0.69	-0.76	0.02	-0.42	0.69	-0.74		-0.24	-0.68	SONY
APH	-0.31	0.57	0.66	0.48	0.56	-0.27	0.29	-0.24		0.28	APH
ADI	0.69	0.92	0.69	0.34	0.47	-0.72	0.92	-0.68	0.28		ADI
	TXN	AMAT	LRCX	INTC	QCOM	ARM	ACN	SONY	APH	ADI

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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

ADI	+ 0.92	AMAT
ADI	+ 0.92	ACN
ACN	+ 0.85	AMAT
LRCX	+ 0.82	AMAT
QCOM	+ 0.7	LRCX
ACN	+ 0.7	LRCX

High negative correlations

SONY	- 0.76	LRCX
SONY	- 0.74	ACN
ADI	- 0.72	ARM
ACN	- 0.69	ARM
SONY	- 0.69	AMAT
ARM	- 0.69	AMAT

Risk-Adjusted Indicators

There is a big difference between KLA Stock performing well and KLA Tencor 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 KLA Tencor'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
TXN	1.35	(0.11)	(0.04)	(0.01)	1.81	(1.44)	2.64	(2.72)	8.17
AMAT	2.10	0.30	0.12	0.24	2.36	(2.09)	4.62	(4.08)	10.80
LRCX	2.55	0.33	0.14	0.20	2.89	(2.72)	5.41	(5.07)	12.15
INTC	2.32	0.03	0.03	0.09	2.72	(2.42)	5.03	(4.30)	17.64
QCOM	1.56	(0.03)	0.02	0.06	2.23	(1.50)	3.53	(3.93)	15.46
ARM	2.26	(0.27)	0.00	3.65	0.00	0.00	4.66	(4.98)	16.74
ACN	1.24	0.07	0.04	0.15	1.50	(1.27)	2.97	(2.61)	7.86
SONY	1.27	(0.24)	0.00	(0.13)	0.00	0.00	3.13	(2.79)	9.26
APH	1.56	0.11	0.05	0.17	2.06	(1.62)	3.61	(3.60)	12.03
ADI	1.43	0.10	0.08	0.13	1.70	(1.48)	3.16	(2.64)	7.91

KLA Tencor Corporate Management

Virendra Kirloskar	Chief Accounting Officer and Sr. VP	Profile
Becky Howland	Sr Communications	Profile
Oreste Donzella	Packaging Electronics	Profile
Kevin CFA	Vice Relations	Profile

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