Amtech Systems Correlations

ASYS Stock

USD 5.60 0.23 3.95%

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

Amtech Systems Correlation With Market

Significant diversification

The correlation between Amtech Systems and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amtech 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 Amtech 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 manufacturing.

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

Moving together with Amtech Stock

0.62	TER	Teradyne	Pair Corr
0.63	AMKR	Amkor Technology	Pair Corr
0.75	LGMK	LogicMark	Pair Corr
0.75	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Amtech Stock

0.78	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.74	NTGR	NETGEAR	Pair Corr
0.73	NVDA	NVIDIA	Pair Corr
0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.64	MU	Micron Technology	Pair Corr
0.61	AEIS	Advanced Energy Indu	Pair Corr
0.42	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.42	KSCP	Knightscope	Pair Corr
0.4	BAER	Bridger Aerospace	Pair Corr
0.37	EBON	Ebang International	Pair Corr
0.36	SPCB	Supercom	Pair Corr
0.35	KVHI	KVH Industries	Pair Corr
0.35	AAPL	Apple Inc Sell-off Trend	Pair Corr
0.76	META	Meta Platforms	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	HD	Home Depot Sell-off Trend	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.63	GOOG	Alphabet Class C	Pair Corr
0.57	BAC	Bank of America Aggressive Push	Pair Corr
0.55	NDAQ	Nasdaq Inc	Pair Corr
0.55	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.53	BMYMP	Bristol Myers Squibb	Pair Corr
0.47	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.46	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.39	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	UCTT	VECO	COHU	ONTO	ICHR	ATOM	ENTG	TER	CAMT
UCTT		0.45	0.31	0.43	0.59	0.02	0.35	0.31	0.37	UCTT
VECO	0.45		-0.13	0.82	-0.09	-0.74	0.8	0.87	0.68	VECO
COHU	0.31	-0.13		-0.24	0.62	0.56	-0.08	-0.45	0.18	COHU
ONTO	0.43	0.82	-0.24		-0.33	-0.73	0.6	0.78	0.57	ONTO
ICHR	0.59	-0.09	0.62	-0.33		0.56	0.09	-0.24	0.12	ICHR
ATOM	0.02	-0.74	0.56	-0.73	0.56		-0.63	-0.84	-0.31	ATOM
ENTG	0.35	0.8	-0.08	0.6	0.09	-0.63		0.77	0.42	ENTG
TER	0.31	0.87	-0.45	0.78	-0.24	-0.84	0.77		0.47	TER
CAMT	0.37	0.68	0.18	0.57	0.12	-0.31	0.42	0.47		CAMT
	UCTT	VECO	COHU	ONTO	ICHR	ATOM	ENTG	TER	CAMT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TER	+ 0.87	VECO
ONTO	+ 0.82	VECO
ENTG	+ 0.8	VECO
TER	+ 0.78	ONTO
TER	+ 0.77	ENTG
CAMT	+ 0.68	VECO

High negative correlations

TER	- 0.84	ATOM
ATOM	- 0.74	VECO
ATOM	- 0.73	ONTO
ENTG	- 0.63	ATOM
TER	- 0.45	COHU
ICHR	- 0.33	ONTO

Risk-Adjusted Indicators

There is a big difference between Amtech Stock performing well and Amtech Systems 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 Amtech Systems' 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
UCTT	2.50	(0.18)	(0.02)	0.03	3.10	(2.82)	5.13	(5.21)	20.10
VECO	1.75	(0.65)	0.00	(0.22)	0.00	0.00	3.96	(3.97)	12.77
COHU	2.12	(0.24)	(0.05)	0.00	2.43	(2.42)	4.44	(3.97)	13.72
ONTO	2.51	(0.56)	0.00	(0.16)	0.00	0.00	5.66	(5.73)	20.62
ICHR	2.58	(0.12)	0.01	0.07	3.03	(2.82)	4.28	(5.22)	21.12
ATOM	4.86	1.03	0.26	0.57	3.90	(6.26)	14.63	(7.32)	34.96
ENTG	2.02	(0.26)	0.00	(0.05)	0.00	0.00	3.08	(4.09)	12.71
TER	1.98	(0.50)	0.00	(0.14)	0.00	0.00	3.37	(3.69)	16.20
CAMT	2.78	(0.52)	0.00	(0.22)	0.00	0.00	6.22	(5.91)	18.78

Amtech Systems Corporate Management

Louis Golato	Vice Operations	Profile
Shashi Gupta	Senior Solutions	Profile
Wade Jenke	Chief Officer	Profile
Paul Lancaster	Vice Development	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC