MKS Instruments Correlations

MKSI Stock

USD 260.74 11.32 4.54%

The current 90-days correlation between MKS Instruments and Sanmina is 0.42 (i.e., Very weak diversification). The correlation of MKS Instruments 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.

MKS Instruments Correlation With Market

Very poor diversification

The correlation between MKS Instruments and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MKS Instruments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MKS Stock

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

For more detail on how to invest in MKS Stock please use our How to Invest in MKS Instruments guide.

Moving together with MKS Stock

0.92	DIOD	Diodes Incorporated Tech Boost	Pair Corr
0.79	AIX2	AIXTRON SE	Pair Corr
0.94	MU	Micron Technology Aggressive Push	Pair Corr
0.76	MX	MagnaChip Semiconductor Earnings Call This Week	Pair Corr
0.91	ON	ON Semiconductor Tech Boost	Pair Corr
0.77	AMK	Amkor Technology	Pair Corr
0.81	ASM	ASM International	Pair Corr
0.81	ALKAL	Kalray SA	Pair Corr
0.76	TWA	TOWA	Pair Corr
0.93	KU1	Kulicke and Soffa	Pair Corr
0.94	TEY	Teradyne	Pair Corr
0.85	INL	Intel	Pair Corr
0.65	CTNK	Centrotherm International	Pair Corr
0.89	ENPH	Enphase Energy	Pair Corr
0.88	ANL	Analog Devices Earnings Call This Week	Pair Corr
0.97	ENTG	Entegris	Pair Corr
0.71	WAF	Siltronic AG	Pair Corr
0.91	ROM	ROHM Co	Pair Corr
0.93	2DQ	ASE TECHNHLDGCOLTD	Pair Corr
0.94	ASME	ASML Holding NV	Pair Corr
0.82	AIXA	AIXTRON SE	Pair Corr
0.94	ASMF	ASML HOLDING NY	Pair Corr
0.86	BSI	BE Semiconductor Ind Earnings Call This Week	Pair Corr
0.89	UMCB	United Microelectronics	Pair Corr

Moving against MKS Stock

0.83	DQ	Daqo New Energy	Pair Corr
0.75	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.73	L5A	Canadian Solar	Pair Corr
0.44	NA	Nano Labs	Pair Corr
0.41	PI	Impinj Inc Buyout Trend	Pair Corr
0.41	2DG	SIVERS SEMICONDUCTORS	Pair Corr
0.37	QCE	Global PVQ SE	Pair Corr
0.8	FSLR	First Solar	Pair Corr
0.66	CAN	Canaan Inc	Pair Corr
0.56	4DS	4DS Memory Earnings Call This Week	Pair Corr
0.49	ARM	Arm Holdings plc	Pair Corr
0.38	WOLF	Wolfspeed Buyout Trend	Pair Corr
0.35	XPER	Xperi Corp	Pair Corr

Related Correlations Analysis

	SANM	AMKR	OTEX	NVMI	TSEM	TTMI	APPF	IDCC	DOX	AUR
SANM		0.15	0.24	0.11	0.03	0.23	0.33	-0.01	0.48	0.51	SANM
AMKR	0.15		-0.55	0.85	0.88	0.73	-0.54	-0.2	0.24	0.71	AMKR
OTEX	0.24	-0.55		-0.81	-0.68	-0.8	0.94	-0.06	0.34	-0.1	OTEX
NVMI	0.11	0.85	-0.81		0.86	0.92	-0.73	-0.15	0.15	0.52	NVMI
TSEM	0.03	0.88	-0.68	0.86		0.82	-0.65	-0.07	0.09	0.49	TSEM
TTMI	0.23	0.73	-0.8	0.92	0.82		-0.73	-0.07	0.08	0.48	TTMI
APPF	0.33	-0.54	0.94	-0.73	-0.65	-0.73		-0.09	0.45	-0.09	APPF
IDCC	-0.01	-0.2	-0.06	-0.15	-0.07	-0.07	-0.09		-0.58	-0.07	IDCC
DOX	0.48	0.24	0.34	0.15	0.09	0.08	0.45	-0.58		0.39	DOX
AUR	0.51	0.71	-0.1	0.52	0.49	0.48	-0.09	-0.07	0.39		AUR
	SANM	AMKR	OTEX	NVMI	TSEM	TTMI	APPF	IDCC	DOX	AUR

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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

APPF	+ 0.94	OTEX
TTMI	+ 0.92	NVMI
TSEM	+ 0.88	AMKR
TSEM	+ 0.86	NVMI
NVMI	+ 0.85	AMKR
TTMI	+ 0.82	TSEM

High negative correlations

NVMI	- 0.81	OTEX
TTMI	- 0.8	OTEX
APPF	- 0.73	TTMI
APPF	- 0.73	NVMI
TSEM	- 0.68	OTEX
APPF	- 0.65	TSEM

Risk-Adjusted Indicators

There is a big difference between MKS Stock performing well and MKS Instruments 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 MKS Instruments' 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
SANM	3.04	(0.33)	0.00	(0.07)	0.00	0.00	5.23	(8.26)	27.70
AMKR	3.38	0.37	0.12	0.18	3.76	(3.62)	8.71	(7.33)	20.29
OTEX	1.61	(0.58)	0.00	(0.34)	0.00	0.00	2.44	(3.73)	16.91
NVMI	2.50	0.44	0.13	0.28	3.21	(2.53)	5.77	(5.95)	18.23
TSEM	2.85	0.39	0.11	0.37	3.60	(3.15)	6.11	(7.02)	17.74
TTMI	3.77	0.42	0.10	0.28	4.33	(4.17)	9.11	(8.95)	30.26
APPF	1.71	(0.60)	0.00	(0.40)	0.00	0.00	2.91	(5.00)	11.62
IDCC	2.02	0.05	0.01	0.18	2.61	(2.24)	5.50	(4.57)	16.69
DOX	1.25	(0.34)	0.00	(0.42)	0.00	0.00	1.55	(3.47)	10.32
AUR	2.90	(0.06)	0.01	0.04	3.59	(3.02)	6.16	(6.15)	22.39

MKS Instruments Corporate Management

John Williams	EVP Division	Profile
Jim Kafka	Chief Lasers	Profile
Jennifer Reilly	VP Officer	Profile
Aaron Radomski	Chief Solutions	Profile
David Henry	Executive Marketing	Profile
Madhuri Andrews	Executive Officer	Profile
Henry Chang	Senior Asia	Profile

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