Advanced Energy Correlations
| AEIS Stock | USD 105.12 2.99 2.77% |
The current 90-days correlation between Advanced Energy Indu and MKS Instruments is 0.48 (i.e., Very weak diversification). The correlation of Advanced Energy 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.
Advanced Energy Correlation With Market
Very weak diversification
The correlation between Advanced Energy Industries and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Energy Industries and DJI in the same portfolio, assuming nothing else is changed.
Advanced |
Moving together with Advanced Stock
| 0.67 | VLN | Valens | PairCorr |
| 0.71 | FLEX | Flex | PairCorr |
| 0.69 | HPE | Hewlett Packard Ente | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.72 | WBX | Wallbox NV | PairCorr |
| 0.77 | LFUS | Littelfuse | PairCorr |
| 0.63 | AIRG | Airgain | PairCorr |
Moving against Advanced Stock
| 0.51 | MQ | Marqeta | PairCorr |
| 0.33 | NOK | Nokia Corp ADR | PairCorr |
| 0.32 | MLGO | MicroAlgo Trending | PairCorr |
| 0.38 | BRK-A | Berkshire Hathaway | PairCorr |
Related Correlations Analysis
| 0.82 | 0.48 | 0.76 | 0.88 | MKSI | ||
| 0.82 | 0.23 | 0.72 | 0.74 | ACLS | ||
| 0.48 | 0.23 | 0.24 | 0.41 | ENTG | ||
| 0.76 | 0.72 | 0.24 | 0.89 | COHU | ||
| 0.88 | 0.74 | 0.41 | 0.89 | AAON | ||
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Risk-Adjusted Indicators
There is a big difference between Advanced Stock performing well and Advanced Energy 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 Advanced Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MKSI | 2.25 | (0.22) | 0.00 | (0.15) | 0.00 | 4.18 | 13.45 | |||
| ACLS | 1.97 | (0.34) | 0.00 | (0.34) | 0.00 | 3.46 | 18.06 | |||
| ENTG | 2.08 | (0.20) | 0.00 | 0.37 | 0.00 | 3.84 | 11.25 | |||
| COHU | 2.27 | (0.79) | 0.00 | (0.75) | 0.00 | 3.10 | 14.30 | |||
| AAON | 2.62 | (0.57) | 0.00 | (0.42) | 0.00 | 4.88 | 28.53 |
Advanced Energy Corporate Management
| Elizabeth JD | General VP | Profile | |
| John Donaghey | Executive Sales | Profile | |
| YeukFai Mok | VP Relations | Profile | |
| Kevin Fairbairn | Sr Devel | Profile | |
| Emdrem Tan | Executive Power | Profile |