Advantest Correlations

Pink Sheets . USA . 
Stock . Advantest
ADTTF Stock  USD 62.50  0.00  0.00%   
The current 90-days correlation between Advantest and Lasertec is -0.15 (i.e., Good diversification). The correlation of Advantest 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.

Advantest Correlation With Market

Good diversification

The correlation between Advantest and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advantest and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Advantest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advantest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advantest to buy it.

Moving together with Advantest Pink Sheet

  0.89PLTR Palantir Technologies Buyout TrendPairCorr
  0.8LUNR Intuitive MachinesPairCorr
  0.65SOUN SoundHound AI Upward RallyPairCorr
  0.91IONQ IONQ Inc Upward RallyPairCorr
  0.77GOOG Alphabet Class C Aggressive PushPairCorr
  0.93FDP Fresh Del MontePairCorr
  0.8CRS Carpenter TechnologyPairCorr
  0.81ORCL OraclePairCorr
  0.8PYPL PayPal Holdings Aggressive PushPairCorr
  0.84FUND Sprott Focus TrustPairCorr
  0.74GLBE Global E OnlinePairCorr
  0.88NFLX Netflix Fiscal Year End 28th of January 2025 PairCorr
  0.84BFLY Butterfly NetworkPairCorr
  0.65BBAI BigBearai HoldingsPairCorr
  0.6555607PAE5 MQGAU 5376057 23PairCorr
  0.93BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.91MSTR MicroStrategy Incorporated Buyout TrendPairCorr
  0.94SOFI SoFi Technologies Aggressive PushPairCorr

Moving against Advantest Pink Sheet

  0.89KLAC KLA TencorPairCorr
  0.89ASMXF ASM InternationalPairCorr
  0.88ASML ASML Holding NV Fiscal Year End 22nd of January 2025 PairCorr
  0.88ASMLF ASML Holding NVPairCorr
  0.84TER TeradynePairCorr
  0.81LNDNF Lundin Energy ABPairCorr
  0.78AMAT Applied MaterialsPairCorr
  0.74TOELY Tokyo ElectronPairCorr
  0.72TOELF Tokyo ElectronPairCorr
  0.68BKLRF Berkeley EnergyPairCorr
  0.58LRCX Lam Research CorpPairCorr
  0.49ARDDF Ardiden LimitedPairCorr
  0.46INBX Inhibrx Symbol ChangePairCorr
  0.62WETH Wetouch Technology CommonPairCorr
  0.4IQ iQIYI Inc Aggressive PushPairCorr

Related Correlations Analysis

Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Advantest without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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