Teradyne Correlations

Stocks . USA . 
Stock . Teradyne
TER Stock  USD 332.70  10.12  2.95%   
The current 90-days correlation between Teradyne and Keysight Technologies is 0.38 (i.e., Weak diversification). The correlation of Teradyne 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.

Teradyne Correlation With Market

Poor diversification

The correlation between Teradyne and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teradyne and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Teradyne Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teradyne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
To learn how to invest in Teradyne Stock, please use our How to Invest in Teradyne guide.

Moving together with Teradyne Stock

  0.96DIOD Diodes IncorporatedPairCorr
  0.87AIX2 AIXTRON SEPairCorr
  0.86MU Micron TechnologyPairCorr
  0.94ON ON SemiconductorPairCorr
  0.64AMK Amkor TechnologyPairCorr
  0.81ASM ASM International Earnings Call This WeekPairCorr
  0.91ALKAL Kalray SAPairCorr
  0.7TWA TOWAPairCorr
  0.96KU1 Kulicke and SoffaPairCorr
  0.788KH TOREX SEMICONDUCTOR LTDPairCorr
  0.99TEY TeradynePairCorr
  0.61INL IntelPairCorr
  0.71CTNK Centrotherm InternationalPairCorr
  0.94ENPH Enphase Energy Downward RallyPairCorr
  0.95ANL Analog DevicesPairCorr
  0.94ENTG EntegrisPairCorr
  0.64WAF Siltronic AGPairCorr
  0.81ROM ROHM CoPairCorr
  0.942DQ ASE TECHNHLDGCOLTDPairCorr
  0.88ASME ASML Holding NVPairCorr
  0.89AIXA AIXTRON SEPairCorr
  0.87ASMF ASML HOLDING NYPairCorr
  0.84BSI BE Semiconductor IndPairCorr
  0.74UMCB United MicroelectronicsPairCorr

Moving against Teradyne Stock

  0.76DQ Daqo New EnergyPairCorr
  0.72L5A Canadian SolarPairCorr
  0.7PI Impinj IncPairCorr
  0.51CV3 Carpevigo HoldingPairCorr
  0.5NA Nano LabsPairCorr
  0.682DG SIVERS SEMICONDUCTORSPairCorr
  0.665PZ SOLTEC POWER HOLD SplitPairCorr
  0.47XFB X Fab SiliconPairCorr

Related Correlations Analysis


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

ON
+ 0.98
STM
STM
+ 0.96
ASX
ON
+ 0.95
ASX
SNDK
+ 0.93
ASX
ON
+ 0.9
MCHP
SNDK
+ 0.88
ON
  

High negative correlations

WIT
- 0.8
ASX
SNDK
- 0.76
WIT
WIT
- 0.7
KEYS
WIT
- 0.69
STM
WIT
- 0.67
ON
UMC
- 0.66
WIT

Risk-Adjusted Indicators

There is a big difference between Teradyne Stock performing well and Teradyne 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 Teradyne'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KEYS  1.67  0.74  0.50  0.53  0.72 
(1.99)
 3.20 
(2.49)
 22.82 
ALAB  4.60 (0.17)(0.01) 0.01  6.70 
(4.37)
 9.00 
(11.92)
 40.34 
ASX  1.75  0.79  0.34  1.07  1.42 
(2.01)
 5.56 
(3.50)
 8.76 
STM  1.98  0.59  0.29  0.49  1.45 
(2.16)
 5.51 
(3.16)
 12.93 
MCHP  2.04  0.53  0.33  0.47  1.26 
(2.52)
 6.14 
(2.59)
 16.50 
ON  2.13  0.51  0.25  0.48  1.82 
(2.56)
 5.11 
(3.71)
 16.50 
SMCI  2.87 (0.17) 0.00  0.04  3.03 
(3.50)
 8.25 
(5.05)
 22.40 
WIT  1.83 (0.32) 0.00 (0.22) 0.00 
 0.00 
 3.98 
(4.60)
 14.08 
SNDK  4.90  1.88  0.36  1.39  4.50 
(6.13)
 13.33 
(5.88)
 43.52 
UMC  2.33  0.72  0.18 (0.68) 2.29 
(2.69)
 7.50 
(3.78)
 24.73 

Teradyne Corporate Executives

Elected by the shareholders, the Teradyne's board of directors comprises two types of representatives: Teradyne inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Teradyne. The board's role is to monitor Teradyne's management team and ensure that shareholders' interests are well served. Teradyne's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Teradyne's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michelle TurnerCFO OfficerProfile
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