TTM Technologies Correlations

TTMI Stock

USD 93.77 4.21 4.30%

The current 90-days correlation between TTM Technologies and Cognex is 0.41 (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

Poor diversification

The correlation between TTM Technologies and DJI is 0.74 (i.e., Poor 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.

Build AI portfolio with TTM Stock

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 state.

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

0.73	ARW	Arrow Electronics Tech Boost	Pair Corr
0.77	GLW	Corning Incorporated Tech Boost	Pair Corr
0.81	WNC	Wabash National	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.86	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.88	CAT	Caterpillar	Pair Corr
0.85	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	WMT	Walmart Common Stock	Pair Corr
0.72	AA	Alcoa Corp	Pair Corr
0.83	BA	Boeing	Pair Corr

Moving against TTM Stock

0.78	TRNR	Interactive Strength	Pair Corr
0.71	REFR	Research Frontiers	Pair Corr
0.71	APVO	Aptevo Therapeutics	Pair Corr
0.65	HOLO	MicroCloud Hologram	Pair Corr
0.64	BRK-A	Berkshire Hathaway	Pair Corr
0.4	VLCN	Volcon Inc Symbol Change	Pair Corr
0.38	WBX	Wallbox NV	Pair Corr
0.75	MSFT	Microsoft Sell-off Trend	Pair Corr
0.34	MMM	3M Company	Pair Corr

Related Correlations Analysis

	CGNX	SANM	LFUS	ESE	DSGX	OLED	BMI	VNT	SRAD	CORZ
CGNX		0.28	0.76	0.76	-0.52	0.44	-0.54	0.64	-0.74	0.67	CGNX
SANM	0.28		-0.11	-0.01	0.29	0.32	0.33	-0.09	0.01	0.58	SANM
LFUS	0.76	-0.11		0.73	-0.65	0.08	-0.85	0.71	-0.87	0.36	LFUS
ESE	0.76	-0.01	0.73		-0.84	0.13	-0.69	0.56	-0.79	0.39	ESE
DSGX	-0.52	0.29	-0.65	-0.84		0.12	0.78	-0.39	0.73	-0.13	DSGX
OLED	0.44	0.32	0.08	0.13	0.12		0.18	0.45	0.1	0.58	OLED
BMI	-0.54	0.33	-0.85	-0.69	0.78	0.18		-0.39	0.84	-0.19	BMI
VNT	0.64	-0.09	0.71	0.56	-0.39	0.45	-0.39		-0.46	0.25	VNT
SRAD	-0.74	0.01	-0.87	-0.79	0.73	0.1	0.84	-0.46		-0.38	SRAD
CORZ	0.67	0.58	0.36	0.39	-0.13	0.58	-0.19	0.25	-0.38		CORZ
	CGNX	SANM	LFUS	ESE	DSGX	OLED	BMI	VNT	SRAD	CORZ

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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

SRAD	+ 0.84	BMI
BMI	+ 0.78	DSGX
LFUS	+ 0.76	CGNX
ESE	+ 0.76	CGNX
ESE	+ 0.73	LFUS
SRAD	+ 0.73	DSGX

High negative correlations

SRAD	- 0.87	LFUS
BMI	- 0.85	LFUS
DSGX	- 0.84	ESE
SRAD	- 0.79	ESE
SRAD	- 0.74	CGNX
BMI	- 0.69	ESE

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
CGNX	1.74	0.00	0.02	0.08	1.84	(2.19)	3.83	(3.34)	10.72
SANM	3.01	(0.37)	0.00	(0.07)	0.00	0.00	5.23	(8.26)	27.70
LFUS	1.63	0.42	0.27	0.33	1.27	(1.85)	4.80	(2.84)	8.56
ESE	1.64	0.28	0.15	0.38	1.57	(1.90)	3.47	(3.16)	7.84
DSGX	1.58	(0.33)	0.00	(0.62)	0.00	0.00	2.16	(3.50)	23.15
OLED	1.72	(0.31)	0.00	(0.09)	0.00	0.00	3.80	(4.26)	9.25
BMI	1.73	(0.42)	0.00	(0.15)	0.00	0.00	3.58	(4.32)	16.79
VNT	1.10	0.06	0.06	0.13	1.33	(1.15)	2.77	(2.55)	6.72
SRAD	1.44	(0.48)	0.00	(0.87)	0.00	0.00	2.44	(3.56)	8.55
CORZ	3.55	(0.33)	0.00	(0.11)	0.00	0.00	7.30	(7.88)	18.78

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
James Walsh	Executive COO	Profile
Catherine Gridley	Executive Sector	Profile

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