Teradyne Correlations

TER Stock

USD 241.05 10.82 4.30%

The current 90-days correlation between Teradyne and Keysight Technologies is 0.07 (i.e., Significant 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 0.7 (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 american community survey.

To learn how to invest in Teradyne Stock, please use our How to Invest in Teradyne guide.

Moving together with Teradyne Stock

0.71	INTC	Intel Aggressive Push	Pair Corr
0.75	COHU	Cohu Inc	Pair Corr
0.77	ARRJF	Arjo AB	Pair Corr

Moving against Teradyne Stock

0.64	PBCRY	Bank Central Asia	Pair Corr
0.59	ATMV	ATMV Old Symbol Change	Pair Corr

Related Correlations Analysis

	KEYS	ALAB	ASX	STM	MCHP	ON	SMCI	WIT	SNDK	UMC
KEYS		0.41	0.77	0.67	0.63	0.87	-0.67	0.43	0.24	0.68	KEYS
ALAB	0.41		0.49	0.45	0.47	0.42	-0.01	0.26	0.29	0.34	ALAB
ASX	0.77	0.49		0.73	0.71	0.87	-0.42	0.05	0.62	0.88	ASX
STM	0.67	0.45	0.73		0.97	0.9	-0.21	0.29	0.74	0.72	STM
MCHP	0.63	0.47	0.71	0.97		0.88	-0.1	0.25	0.75	0.71	MCHP
ON	0.87	0.42	0.87	0.9	0.88		-0.46	0.33	0.6	0.81	ON
SMCI	-0.67	-0.01	-0.42	-0.21	-0.1	-0.46		-0.49	0.09	-0.34	SMCI
WIT	0.43	0.26	0.05	0.29	0.25	0.33	-0.49		-0.23	-0.13	WIT
SNDK	0.24	0.29	0.62	0.74	0.75	0.6	0.09	-0.23		0.7	SNDK
UMC	0.68	0.34	0.88	0.72	0.71	0.81	-0.34	-0.13	0.7		UMC
	KEYS	ALAB	ASX	STM	MCHP	ON	SMCI	WIT	SNDK	UMC

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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

MCHP	+ 0.97	STM
ON	+ 0.9	STM
UMC	+ 0.88	ASX
ON	+ 0.88	MCHP
ON	+ 0.87	KEYS
ON	+ 0.87	ASX

High negative correlations

SMCI	- 0.67	KEYS
WIT	- 0.49	SMCI
SMCI	- 0.46	ON
SMCI	- 0.42	ASX
UMC	- 0.34	SMCI
SNDK	- 0.23	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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KEYS	1.38	0.34	0.20	0.26	1.35	(1.52)	2.87	(2.83)	13.11
ALAB	4.11	(0.29)	0.00	(0.33)	0.00	0.00	6.69	(8.44)	23.31
ASX	1.79	0.53	0.21	0.54	1.91	(1.86)	4.23	(3.59)	13.07
STM	1.74	0.23	0.09	1.16	1.97	(1.77)	5.16	(3.25)	12.93
MCHP	2.17	0.35	0.14	0.86	1.95	(2.58)	6.14	(3.52)	16.50
ON	2.05	0.16	0.08	0.12	2.08	(2.41)	4.71	(4.13)	16.50
SMCI	2.68	(0.86)	0.00	(0.56)	0.00	0.00	4.07	(6.43)	14.71
WIT	1.33	(0.06)	0.00	(0.06)	0.00	0.00	2.89	(2.13)	14.08
SNDK	5.56	1.85	0.26	(4.40)	5.77	(6.43)	13.33	(7.88)	35.64
UMC	2.35	0.53	0.15	(0.73)	2.59	(2.52)	7.50	(4.26)	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 Turner

CFO Officer

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