Atomera Correlations

ATOM Stock

USD 5.98 0.13 2.13%

The current 90-days correlation between Atomera and inTest is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atomera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atomera moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Atomera Correlation With Market

Modest diversification

The correlation between Atomera and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atomera 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 Atomera. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with Atomera Stock

0.7	DIOD	Diodes Incorporated	Pair Corr
0.69	PI	Impinj Inc	Pair Corr
0.66	VECO	Veeco Instruments	Pair Corr
0.74	AIP	Arteris	Pair Corr
0.65	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.77	FORM	FormFactor	Pair Corr
0.81	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.62	FSLR	First Solar	Pair Corr
0.89	FTCI	FTC Solar	Pair Corr
0.67	MXL	MaxLinear	Pair Corr
0.63	XPER	Xperi Corp	Pair Corr
0.71	TER	Teradyne	Pair Corr
0.64	TSM	Taiwan Semiconductor	Pair Corr
0.65	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.67	INDI	indie Semiconductor	Pair Corr

Moving against Atomera Stock

0.35	MX	MagnaChip Semiconductor	Pair Corr
0.58	LEDS	SemiLEDS Tech Boost	Pair Corr
0.57	LSCC	Lattice Semiconductor	Pair Corr
0.5	INTC	Intel Trending	Pair Corr
0.33	HIMX	Himax Technologies	Pair Corr

Related Correlations Analysis

	ACLS	INTT	LRCX	PLAB	INDI	ASYS	ICHR	COHU	UCTT	VECO
ACLS		0.29	-0.24	0.92	0.87	0.73	0.45	0.92	0.75	0.93	ACLS
INTT	0.29		0.17	0.07	0.49	0.02	0.1	0.31	0.44	0.32	INTT
LRCX	-0.24	0.17		-0.2	0.01	-0.12	0.34	-0.27	0.26	-0.15	LRCX
PLAB	0.92	0.07	-0.2		0.81	0.7	0.53	0.9	0.72	0.9	PLAB
INDI	0.87	0.49	0.01	0.81		0.64	0.6	0.9	0.91	0.9	INDI
ASYS	0.73	0.02	-0.12	0.7	0.64		0.67	0.76	0.6	0.77	ASYS
ICHR	0.45	0.1	0.34	0.53	0.6	0.67		0.59	0.7	0.63	ICHR
COHU	0.92	0.31	-0.27	0.9	0.9	0.76	0.59		0.78	0.97	COHU
UCTT	0.75	0.44	0.26	0.72	0.91	0.6	0.7	0.78		0.83	UCTT
VECO	0.93	0.32	-0.15	0.9	0.9	0.77	0.63	0.97	0.83		VECO
	ACLS	INTT	LRCX	PLAB	INDI	ASYS	ICHR	COHU	UCTT	VECO

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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

VECO	+ 0.97	COHU
VECO	+ 0.93	ACLS
PLAB	+ 0.92	ACLS
COHU	+ 0.92	ACLS
UCTT	+ 0.91	INDI
COHU	+ 0.9	PLAB

High negative correlations

COHU	- 0.27	LRCX
LRCX	- 0.24	ACLS
PLAB	- 0.2	LRCX
VECO	- 0.15	LRCX
ASYS	- 0.12	LRCX

Risk-Adjusted Indicators

There is a big difference between Atomera Stock performing well and Atomera 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 Atomera'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	1.93	(0.32)	0.00	(0.48)	0.00	0.00	3.46	(5.01)	18.06
INTT	2.50	0.07	0.04	0.08	3.00	(2.54)	5.86	(4.53)	14.26
LRCX	2.15	0.15	0.05	0.05	2.79	(2.15)	4.45	(5.09)	14.02
PLAB	1.65	(0.19)	0.00	(0.36)	0.00	0.00	2.42	(4.03)	17.20
INDI	3.47	(0.43)	0.00	(0.24)	0.00	0.00	7.16	(7.00)	25.61
ASYS	2.14	(0.19)	0.00	(1.15)	0.00	0.00	3.35	(4.40)	27.27
ICHR	2.83	(0.12)	0.00	(0.18)	0.00	0.00	4.80	(5.46)	24.85
COHU	2.25	(0.59)	0.00	(0.73)	0.00	0.00	3.10	(6.87)	14.30
UCTT	2.79	(0.42)	0.00	(0.59)	0.00	0.00	4.52	(5.78)	32.72
VECO	1.92	(0.34)	0.00	(0.62)	0.00	0.00	3.06	(4.54)	13.15

Atomera Corporate Executives

Elected by the shareholders, the Atomera's board of directors comprises two types of representatives: Atomera inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atomera. The board's role is to monitor Atomera's management team and ensure that shareholders' interests are well served. Atomera's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Atomera's outside directors are responsible for providing unbiased perspectives on the board's policies.

Francis Laurencio

CFO, Chief Accounting Officer

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