TTM Technologies Correlations

TTMI Stock

USD 24.00 0.36 1.52%

The current 90-days correlation between TTM Technologies and Sanmina is 0.54 (i.e., Very weak diversification). The correlation of TTM Technologies 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.

TTM Technologies Correlation With Market

Weak diversification

The correlation between TTM Technologies and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TTM Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TTM Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with TTM Stock

0.9	EHGO	Eshallgo Class A	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.77	ASAN	Asana Inc Sell-off Trend	Pair Corr
0.88	CWAN	Clearwater Analytics	Pair Corr
0.72	WMT	Walmart Aggressive Push	Pair Corr
0.88	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.61	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.87	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against TTM Stock

0.89	KO	Coca Cola Aggressive Push	Pair Corr
0.83	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.5	VZ	Verizon Communications Aggressive Push	Pair Corr
0.49	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	SANM	BHE	MEI	OSIS	CLS	PLXS	CTS	LYTS	BELFA	BELFB
SANM		0.92	-0.27	0.51	0.86	0.89	0.97	0.87	0.12	0.23	SANM
BHE	0.92		-0.11	0.41	0.88	0.95	0.94	0.84	0.47	0.55	BHE
MEI	-0.27	-0.11		0.27	-0.47	-0.3	-0.25	-0.31	0.3	0.36	MEI
OSIS	0.51	0.41	0.27		0.36	0.35	0.45	0.57	-0.08	0.18	OSIS
CLS	0.86	0.88	-0.47	0.36		0.96	0.87	0.9	0.31	0.41	CLS
PLXS	0.89	0.95	-0.3	0.35	0.96		0.91	0.88	0.45	0.53	PLXS
CTS	0.97	0.94	-0.25	0.45	0.87	0.91		0.85	0.23	0.34	CTS
LYTS	0.87	0.84	-0.31	0.57	0.9	0.88	0.85		0.18	0.36	LYTS
BELFA	0.12	0.47	0.3	-0.08	0.31	0.45	0.23	0.18		0.95	BELFA
BELFB	0.23	0.55	0.36	0.18	0.41	0.53	0.34	0.36	0.95		BELFB
	SANM	BHE	MEI	OSIS	CLS	PLXS	CTS	LYTS	BELFA	BELFB

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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

CTS	+ 0.97	SANM
PLXS	+ 0.96	CLS
PLXS	+ 0.95	BHE
BELFB	+ 0.95	BELFA
CTS	+ 0.94	BHE
BHE	+ 0.92	SANM

High negative correlations

CLS	- 0.47	MEI
LYTS	- 0.31	MEI
PLXS	- 0.3	MEI
MEI	- 0.27	SANM
CTS	- 0.25	MEI
MEI	- 0.11	BHE

Risk-Adjusted Indicators

There is a big difference between TTM Stock performing well and TTM Technologies 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 TTM Technologies' 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	1.46	(0.01)	0.08	0.12	1.42	(1.70)	2.44	(2.64)	15.90
BHE	1.66	(0.02)	0.07	0.11	1.78	(1.86)	3.32	(3.84)	13.28
MEI	2.78	(0.26)	0.01	0.05	3.20	(3.24)	7.64	(5.30)	18.54
OSIS	1.43	(0.08)	0.00	0.07	1.85	(1.46)	3.51	(2.91)	9.44
CLS	2.53	0.64	0.21	0.48	2.75	(2.81)	5.42	(4.03)	20.61
PLXS	1.40	0.19	0.18	0.22	1.18	(1.57)	3.38	(1.91)	12.92
CTS	1.56	(0.07)	0.05	0.09	1.65	(1.78)	3.28	(2.79)	15.09
LYTS	1.45	0.35	0.36	0.33	0.81	(1.93)	5.36	(1.65)	10.64
BELFA	1.43	0.03	0.05	0.14	1.41	(1.84)	2.71	(2.61)	17.70
BELFB	1.83	0.05	0.12	0.14	1.60	(2.22)	3.00	(2.86)	20.73

TTM Technologies Corporate Executives

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

Todd Schull	CFO, Executive VP, Treasurer and Secretary	Profile
Daniel CPA	Executive CFO	Profile
Daniel Boehle	Executive CFO	Profile
Catherine Gridley	Executive Sector	Profile

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