Acm Research Correlations

ACMR Stock

USD 27.50 1.72 5.89%

The current 90-days correlation between Acm Research and Axcelis Technologies is 0.19 (i.e., Average diversification). The correlation of Acm Research 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.

Acm Research Correlation With Market

Average diversification

The correlation between Acm Research and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acm Research 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 Acm Research. 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.

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

Moving together with Acm Stock

0.66	INTC	Intel	Pair Corr
0.83	LEDS	SemiLEDS Tech Boost	Pair Corr
0.72	ENFN	Enfusion	Pair Corr

Moving against Acm Stock

0.92	KLIC	Kulicke and Soffa	Pair Corr
0.89	NA	Nano Labs	Pair Corr
0.87	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.85	AI	C3 Ai Inc	Pair Corr
0.84	MXL	MaxLinear	Pair Corr
0.79	BL	Blackline	Pair Corr
0.78	MRVL	Marvell Technology	Pair Corr
0.75	KE	Kimball Electronics	Pair Corr
0.61	NVDA	NVIDIA	Pair Corr
0.57	S	SentinelOne	Pair Corr
0.45	DM	Desktop Metal Tech Boost	Pair Corr
0.45	FN	Fabrinet	Pair Corr
0.4	DV	DoubleVerify Holdings	Pair Corr
0.33	AEIS	Advanced Energy Indu	Pair Corr
0.86	BHE	Benchmark Electronics	Pair Corr
0.85	BMR	Beamr Imaging	Pair Corr
0.81	CRM	Salesforce Sell-off Trend	Pair Corr
0.79	VERX	Vertex	Pair Corr
0.77	DOCU	DocuSign Tech Boost	Pair Corr
0.76	BSY	Bentley Systems	Pair Corr
0.75	ARW	Arrow Electronics	Pair Corr
0.74	VMEO	Vimeo Inc	Pair Corr
0.73	ETWO	E2open Parent Holdings	Pair Corr
0.69	WKEY	Wisekey International	Pair Corr
0.69	HKD	AMTD Digital	Pair Corr
0.68	EVCM	EverCommerce	Pair Corr
0.66	FIVN	Five9 Inc	Pair Corr
0.64	DSGX	Descartes Systems	Pair Corr

Related Correlations Analysis

	ACLS	INTT	LRCX	PLAB	INDI	AEHR	KLAC	KLIC	NVMI	ICHR
ACLS		0.42	-0.21	0.92	0.88	0.76	-0.33	0.95	-0.3	0.46	ACLS
INTT	0.42		0.15	0.17	0.58	0.44	0.31	0.4	0.36	0.19	INTT
LRCX	-0.21	0.15		-0.18	0.03	-0.33	0.87	-0.18	0.84	0.36	LRCX
PLAB	0.92	0.17	-0.18		0.8	0.67	-0.38	0.92	-0.4	0.53	PLAB
INDI	0.88	0.58	0.03	0.8		0.72	-0.07	0.91	0.03	0.62	INDI
AEHR	0.76	0.44	-0.33	0.67	0.72		-0.45	0.82	-0.34	0.53	AEHR
KLAC	-0.33	0.31	0.87	-0.38	-0.07	-0.45		-0.33	0.91	0.07	KLAC
KLIC	0.95	0.4	-0.18	0.92	0.91	0.82	-0.33		-0.26	0.58	KLIC
NVMI	-0.3	0.36	0.84	-0.4	0.03	-0.34	0.91	-0.26		0.19	NVMI
ICHR	0.46	0.19	0.36	0.53	0.62	0.53	0.07	0.58	0.19		ICHR
	ACLS	INTT	LRCX	PLAB	INDI	AEHR	KLAC	KLIC	NVMI	ICHR

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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

KLIC	+ 0.95	ACLS
PLAB	+ 0.92	ACLS
KLIC	+ 0.92	PLAB
KLIC	+ 0.91	INDI
NVMI	+ 0.91	KLAC
INDI	+ 0.88	ACLS

High negative correlations

KLAC	- 0.45	AEHR
NVMI	- 0.4	PLAB
KLAC	- 0.38	PLAB
NVMI	- 0.34	AEHR
KLIC	- 0.33	KLAC
AEHR	- 0.33	LRCX

Risk-Adjusted Indicators

There is a big difference between Acm Stock performing well and Acm Research 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 Acm Research'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
ACLS	1.95	(0.33)	0.00	(0.48)	0.00	0.00	3.46	(5.01)	18.06
INTT	2.50	(0.02)	0.00	(0.12)	0.00	0.00	5.86	(4.53)	14.26
LRCX	2.06	0.10	0.04	0.02	2.80	(2.04)	4.40	(5.09)	14.02
PLAB	1.47	(0.34)	0.00	(0.50)	0.00	0.00	2.41	(4.03)	7.31
INDI	3.50	(0.66)	0.00	(0.30)	0.00	0.00	7.16	(7.24)	26.01
AEHR	4.35	(0.12)	0.00	(0.19)	0.00	0.00	7.69	(7.91)	52.75
KLAC	1.67	0.26	0.10	0.16	2.31	(1.63)	4.13	(3.68)	11.35
KLIC	1.55	(0.38)	0.00	(0.50)	0.00	0.00	2.71	(4.89)	9.76
NVMI	2.39	0.14	0.04	0.08	3.25	(2.47)	5.08	(5.34)	17.42
ICHR	2.82	(0.13)	0.00	(0.17)	0.00	0.00	4.80	(5.46)	24.85

Acm Research Corporate Management

Hui Wang	Chairman, Founder	Profile
Howard Chen	General Strategy	Profile
Yi Feng	I Research	Profile
Jim Straus	Vice America	Profile

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