Axcelis Technologies Correlations

ACLS Stock

USD 56.89 0.99 1.77%

The current 90-days correlation between Axcelis Technologies and Photronics is 0.1 (i.e., Average diversification). The correlation of Axcelis 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Axcelis Technologies Correlation With Market

Good diversification

The correlation between Axcelis Technologies and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axcelis Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axcelis 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 bureau of economic analysis.

For more information on how to buy Axcelis Stock please use our How to Invest in Axcelis Technologies guide.

Moving together with Axcelis Stock

0.62	S	SentinelOne	Pair Corr
0.72	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.65	VRAR	Glimpse Group	Pair Corr
0.78	VRNS	Varonis Systems	Pair Corr
0.79	VRNT	Verint Systems Earnings Call Today	Pair Corr
0.85	EXTR	Extreme Networks	Pair Corr
0.8	CRM	Salesforce	Pair Corr
0.75	HPE	Hewlett Packard Ente Aggressive Push	Pair Corr
0.67	HPQ	HP Inc	Pair Corr
0.76	MSI	Motorola Solutions	Pair Corr
0.9	TDC	Teradata Corp	Pair Corr
0.68	WBX	Wallbox NV	Pair Corr
0.91	ZBRA	Zebra Technologies	Pair Corr
0.82	LITE	Lumentum Holdings Buyout Trend	Pair Corr
0.76	AIRG	Airgain	Pair Corr

Moving against Axcelis Stock

0.93	VRSN	VeriSign	Pair Corr
0.69	JG	Aurora Mobile	Pair Corr
0.6	MQ	Marqeta	Pair Corr
0.54	BB	BlackBerry Earnings Call This Week	Pair Corr
0.49	ZS	Zscaler	Pair Corr
0.36	DOCN	DigitalOcean Holdings	Pair Corr
0.88	NOK	Nokia Corp ADR	Pair Corr
0.47	FTNT	Fortinet	Pair Corr
0.47	MLGO	MicroAlgo Trending	Pair Corr
0.36	GWRE	Guidewire Software	Pair Corr
0.9	BRK-A	Berkshire Hathaway	Pair Corr
0.85	WM	Waste Management	Pair Corr

Related Correlations Analysis

	INTT	LRCX	PLAB	INDI	KLIC	UCTT	COHU	ASYS	AMAT	KLAC
INTT		0.14	0.39	0.7	0.56	0.61	0.57	0.29	0.7	0.23	INTT
LRCX	0.14		-0.15	0.06	-0.14	0.28	-0.2	-0.05	0.49	0.88	LRCX
PLAB	0.39	-0.15		0.82	0.94	0.79	0.92	0.7	0.56	-0.29	PLAB
INDI	0.7	0.06	0.82		0.92	0.92	0.91	0.65	0.78	-0.03	INDI
KLIC	0.56	-0.14	0.94	0.92		0.84	0.98	0.76	0.63	-0.27	KLIC
UCTT	0.61	0.28	0.79	0.92	0.84		0.82	0.64	0.84	0.15	UCTT
COHU	0.57	-0.2	0.92	0.91	0.98	0.82		0.75	0.58	-0.33	COHU
ASYS	0.29	-0.05	0.7	0.65	0.76	0.64	0.75		0.31	-0.31	ASYS
AMAT	0.7	0.49	0.56	0.78	0.63	0.84	0.58	0.31		0.53	AMAT
KLAC	0.23	0.88	-0.29	-0.03	-0.27	0.15	-0.33	-0.31	0.53		KLAC
	INTT	LRCX	PLAB	INDI	KLIC	UCTT	COHU	ASYS	AMAT	KLAC

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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

COHU	+ 0.98	KLIC
KLIC	+ 0.94	PLAB
COHU	+ 0.92	PLAB
KLIC	+ 0.92	INDI
UCTT	+ 0.92	INDI
COHU	+ 0.91	INDI

High negative correlations

KLAC	- 0.33	COHU
KLAC	- 0.31	ASYS
KLAC	- 0.29	PLAB
KLAC	- 0.27	KLIC
COHU	- 0.2	LRCX
PLAB	- 0.15	LRCX

Risk-Adjusted Indicators

There is a big difference between Axcelis Stock performing well and Axcelis 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 Axcelis 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
INTT	2.52	0.01	0.01	(0.01)	3.03	(2.52)	5.86	(4.53)	14.26
LRCX	2.05	0.07	0.03	0.03	2.67	(2.09)	4.40	(5.09)	14.02
PLAB	1.42	(0.26)	0.00	(0.34)	0.00	0.00	2.42	(3.59)	7.31
INDI	3.65	(0.71)	0.00	(0.27)	0.00	0.00	7.16	(7.24)	26.01
KLIC	1.56	(0.42)	0.00	(0.47)	0.00	0.00	2.73	(4.89)	9.74
UCTT	2.84	(0.48)	0.00	(0.54)	0.00	0.00	4.52	(5.78)	32.72
COHU	2.30	(0.63)	0.00	(0.62)	0.00	0.00	3.19	(6.87)	14.30
ASYS	2.10	(0.08)	0.00	(0.35)	0.00	0.00	3.48	(3.82)	27.27
AMAT	1.89	(0.07)	0.00	(0.11)	0.00	0.00	3.78	(3.76)	12.72
KLAC	1.73	0.22	0.09	0.16	2.28	(1.72)	4.13	(3.68)	11.35

Axcelis Technologies Corporate Management

William Bintz	Executive VP of Product Devel., Engineering and Marketing	Profile
Douglas Lawson	Executive VP of Corporate Marketing and Strategy	Profile
Eileen Esq	Executive Counsel	Profile
Gerald Blumenstock	Executive Engineering	Profile
Christopher Tatnall	Executive Operations	Profile
JD Esq	Executive Legal	Profile
David Ryzhik	Senior Strategy	Profile

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