Aehr Test Correlations

AEHR Stock

USD 8.90 0.06 0.67%

The current 90-days correlation between Aehr Test Systems and Amtech Systems is 0.14 (i.e., Average diversification). The correlation of Aehr Test 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.

Aehr Test Correlation With Market

Average diversification

The correlation between Aehr Test Systems and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aehr Test Systems 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 Aehr Test Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Aehr Stock

0.76	NN	Nextnav Acquisition Corp	Pair Corr
0.74	VRAR	Glimpse Group	Pair Corr
0.64	VRNS	Varonis Systems	Pair Corr
0.71	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.78	EXTR	Extreme Networks	Pair Corr
0.62	CRM	Salesforce	Pair Corr
0.63	HPE	Hewlett Packard Ente	Pair Corr
0.69	TDC	Teradata Corp	Pair Corr
0.7	WBX	Wallbox NV	Pair Corr
0.71	ZBRA	Zebra Technologies	Pair Corr
0.64	JNPR	Juniper Networks	Pair Corr
0.67	LITE	Lumentum Holdings	Pair Corr

Moving against Aehr Stock

0.79	VRSN	VeriSign	Pair Corr
0.68	JG	Aurora Mobile	Pair Corr
0.58	ZS	Zscaler	Pair Corr
0.48	DOCN	DigitalOcean Holdings	Pair Corr
0.47	MQ	Marqeta	Pair Corr
0.46	BB	BlackBerry	Pair Corr
0.76	NOK	Nokia Corp ADR	Pair Corr
0.5	GWRE	Guidewire Software	Pair Corr
0.41	FTNT	Fortinet	Pair Corr
0.87	WM	Waste Management	Pair Corr
0.81	BRK-A	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	PLAB	LRCX	KLAC	KLIC	CAMT	NVMI	ACLS	COHU	AMAT	ASML
PLAB		-0.16	-0.32	0.94	0.56	-0.27	0.93	0.91	0.53	0.21	PLAB
LRCX	-0.16		0.88	-0.15	0.27	0.84	-0.18	-0.21	0.49	0.71	LRCX
KLAC	-0.32	0.88		-0.28	0.37	0.88	-0.27	-0.35	0.53	0.66	KLAC
KLIC	0.94	-0.15	-0.28		0.69	-0.14	0.96	0.98	0.61	0.2	KLIC
CAMT	0.56	0.27	0.37	0.69		0.45	0.67	0.65	0.94	0.52	CAMT
NVMI	-0.27	0.84	0.88	-0.14	0.45		-0.17	-0.19	0.56	0.55	NVMI
ACLS	0.93	-0.18	-0.27	0.96	0.67	-0.17		0.92	0.6	0.15	ACLS
COHU	0.91	-0.21	-0.35	0.98	0.65	-0.19	0.92		0.56	0.15	COHU
AMAT	0.53	0.49	0.53	0.61	0.94	0.56	0.6	0.56		0.65	AMAT
ASML	0.21	0.71	0.66	0.2	0.52	0.55	0.15	0.15	0.65		ASML
	PLAB	LRCX	KLAC	KLIC	CAMT	NVMI	ACLS	COHU	AMAT	ASML

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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
ACLS	+ 0.96	KLIC
KLIC	+ 0.94	PLAB
AMAT	+ 0.94	CAMT
ACLS	+ 0.93	PLAB
COHU	+ 0.92	ACLS

High negative correlations

COHU	- 0.35	KLAC
KLAC	- 0.32	PLAB
KLIC	- 0.28	KLAC
ACLS	- 0.27	KLAC
NVMI	- 0.27	PLAB
COHU	- 0.21	LRCX

Risk-Adjusted Indicators

There is a big difference between Aehr Stock performing well and Aehr Test 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 Aehr Test'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
PLAB	1.38	(0.29)	0.00	(0.44)	0.00	0.00	2.41	(3.59)	7.31
LRCX	2.04	0.09	0.03	0.02	2.72	(2.07)	4.40	(5.09)	14.02
KLAC	1.69	0.21	0.08	0.12	2.33	(1.65)	4.13	(3.68)	11.35
KLIC	1.55	(0.41)	0.00	(0.51)	0.00	0.00	2.73	(4.89)	9.74
CAMT	2.92	(0.02)	0.00	(0.08)	0.00	0.00	5.84	(5.60)	22.15
NVMI	2.44	0.18	0.05	0.12	3.30	(2.48)	5.08	(5.34)	17.42
ACLS	1.98	(0.36)	0.00	(0.51)	0.00	0.00	3.46	(5.01)	18.06
COHU	2.26	(0.65)	0.00	(0.77)	0.00	0.00	3.10	(6.87)	14.30
AMAT	1.86	(0.07)	0.00	(0.14)	0.00	0.00	3.78	(3.76)	12.72
ASML	1.76	0.06	0.03	0.02	2.42	(1.84)	3.42	(3.37)	14.29

Aehr Test Corporate Management

Alberto Salamone	ppbi EVP	Profile
David Hendrickson	VP of Engineering	Profile
Adil Engineer	Chief Officer	Profile
Donald II	VP Engineering	Profile

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