Meta Materials Correlations

MMAT Stock

USD 0.06 0.12 66.11%

The current 90-days correlation between Meta Materials and Tempo Automation Holdings is -0.09 (i.e., Good diversification). The correlation of Meta Materials 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.

Meta Materials Correlation With Market

Good diversification

The correlation between Meta Materials and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meta Materials 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 Meta Materials. 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 more information on how to buy Meta Stock please use our How to Invest in Meta Materials guide.

Moving together with Meta Stock

0.8	VECO	Veeco Instruments	Pair Corr
0.69	FORM	FormFactor	Pair Corr
0.62	ICG	Intchains Group	Pair Corr
0.86	TER	Teradyne	Pair Corr
0.87	KLAC	KLA Tencor	Pair Corr
0.61	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.87	ACLS	Axcelis Technologies	Pair Corr
0.79	ASYS	Amtech Systems Fiscal Year End 12th of December 2024	Pair Corr
0.77	SIMO	Silicon Motion Technology	Pair Corr
0.72	CDW	CDW Corp	Pair Corr
0.77	BKRKY	Bank Rakyat	Pair Corr
0.63	BKRKF	PT Bank Rakyat	Pair Corr
0.68	PPERY	Bank Mandiri Persero	Pair Corr
0.67	PPERF	Bank Mandiri Persero	Pair Corr
0.71	TLK	Telkom Indonesia Tbk	Pair Corr
0.91	EC	Ecopetrol SA ADR	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Meta Stock

0.88	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.78	CWAN	Clearwater Analytics	Pair Corr
0.75	EHGO	Eshallgo Class A	Pair Corr
0.75	IPGP	IPG Photonics	Pair Corr
0.69	KLIC	Kulicke and Soffa	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.43	COHU	Cohu Inc	Pair Corr
0.32	ASAN	Asana Inc Sell-off Trend	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.8	T	ATT Inc Sell-off Trend	Pair Corr
0.8	BAC	Bank of America Aggressive Push	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.73	SSNLF	Samsung Electronics	Pair Corr
0.72	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.69	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.53	HD	Home Depot	Pair Corr

Related Correlations Analysis

	CPSH	KOPN	EMAN	TMPO	WBX	GLW	KULR	MEI	LPTH	LINK
CPSH		-0.33	0.51	-0.25	-0.54	0.68	0.33	-0.19	0.55	0.43	CPSH
KOPN	-0.33		-0.39	0.5	0.17	-0.37	0.05	-0.38	-0.27	0.17	KOPN
EMAN	0.51	-0.39		-0.04	-0.42	0.64	0.38	0.11	0.66	0.2	EMAN
TMPO	-0.25	0.5	-0.04		0.34	-0.27	-0.15	-0.23	0.03	0.08	TMPO
WBX	-0.54	0.17	-0.42	0.34		-0.84	-0.7	0.45	-0.68	-0.59	WBX
GLW	0.68	-0.37	0.64	-0.27	-0.84		0.63	-0.17	0.82	0.51	GLW
KULR	0.33	0.05	0.38	-0.15	-0.7	0.63		-0.18	0.49	0.46	KULR
MEI	-0.19	-0.38	0.11	-0.23	0.45	-0.17	-0.18		-0.21	-0.65	MEI
LPTH	0.55	-0.27	0.66	0.03	-0.68	0.82	0.49	-0.21		0.35	LPTH
LINK	0.43	0.17	0.2	0.08	-0.59	0.51	0.46	-0.65	0.35		LINK
	CPSH	KOPN	EMAN	TMPO	WBX	GLW	KULR	MEI	LPTH	LINK

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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

LPTH	+ 0.82	GLW
GLW	+ 0.68	CPSH
LPTH	+ 0.66	EMAN
GLW	+ 0.64	EMAN
KULR	+ 0.63	GLW
LPTH	+ 0.55	CPSH

High negative correlations

GLW	- 0.84	WBX
KULR	- 0.7	WBX
LPTH	- 0.68	WBX
LINK	- 0.65	MEI
LINK	- 0.59	WBX
WBX	- 0.54	CPSH

Risk-Adjusted Indicators

There is a big difference between Meta Stock performing well and Meta Materials 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 Meta Materials' 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
CPSH	1.64	0.18	0.00	(0.28)	1.73	(2.14)	2.88	(2.86)	13.90
KOPN	3.91	0.11	0.01	0.23	7.14	(4.42)	9.72	(6.73)	43.91
EMAN	1.95	(0.08)	0.00	(0.12)	0.00	0.00	5.82	(6.31)	23.47
TMPO	7.52	(0.56)	0.00	0.57	0.00	0.00	18.92	(17.14)	56.79
WBX	3.15	(1.33)	0.00	(0.55)	0.00	0.00	5.60	(7.37)	23.81
GLW	1.08	0.13	0.10	0.24	1.28	(1.11)	2.02	(2.28)	7.57
KULR	4.61	0.77	0.12	0.54	4.58	(8.25)	12.50	(6.90)	50.23
MEI	2.78	(0.26)	0.01	0.05	3.20	(3.24)	7.64	(5.30)	18.54
LPTH	2.83	0.18	0.03	0.43	3.44	(3.37)	7.30	(4.46)	18.28
LINK	3.89	0.41	0.04	(0.20)	3.62	(5.61)	8.19	(6.19)	46.04

Meta Materials Corporate Management

George Palikaras	CEO, Founder	Profile
MASc BEng	Vice Innovation	Profile
CA CFA	Advisor	Profile
Dr MBA	Chief Officer	Profile
Brian Donnelly	Executive Sales	Profile
Mark Komonoski	Director Relations	Profile
Rice JD	CFO VP	Profile

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