AXT Correlations

AXTI Stock

USD 2.12 0.06 2.75%

The current 90-days correlation between AXT Inc and Amtech Systems is 0.24 (i.e., Modest diversification). The correlation of AXT 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.

AXT Correlation With Market

Modest diversification

The correlation between AXT Inc and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AXT Inc 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 AXT Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with AXT Stock

0.62	JNPR	Juniper Networks	Pair Corr
0.74	SMCI	Super Micro Computer	Pair Corr
0.61	CLFD	Clearfield	Pair Corr
0.74	CRCT	Cricut Inc	Pair Corr

Moving against AXT Stock

0.56	MAXN	Maxeon Solar Technologies Tech Boost	Pair Corr
0.43	EXTR	Extreme Networks	Pair Corr
0.38	CAN	Canaan Inc	Pair Corr
0.34	MRVL	Marvell Technology	Pair Corr
0.34	HPE	Hewlett Packard Ente	Pair Corr
0.67	HCKT	Hackett Group	Pair Corr
0.62	NTGR	NETGEAR	Pair Corr
0.52	LITE	Lumentum Holdings	Pair Corr
0.48	MSI	Motorola Solutions	Pair Corr
0.47	IONQ	IONQ Inc Trending	Pair Corr
0.46	NYAX	Nayax	Pair Corr
0.45	ZBRA	Zebra Technologies	Pair Corr
0.54	SSYS	Stratasys	Pair Corr
0.42	DELL	Dell Technologies	Pair Corr
0.39	BRK-A	Berkshire Hathaway	Pair Corr
0.39	BRK-B	Berkshire Hathaway	Pair Corr
0.37	CSCO	Cisco Systems	Pair Corr
0.34	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	VECO	ICHR	IPGP	NVMI	UCTT	ASYS	COHU	ONTO	KLIC	ENTG
VECO		-0.35	-0.31	0.78	0.42	0.47	-0.53	0.84	-0.57	0.68	VECO
ICHR	-0.35		0.34	-0.05	0.58	-0.18	0.61	-0.65	0.84	0.13	ICHR
IPGP	-0.31	0.34		-0.12	0.06	-0.54	0.66	-0.24	0.62	-0.17	IPGP
NVMI	0.78	-0.05	-0.12		0.44	0.32	-0.14	0.54	-0.24	0.67	NVMI
UCTT	0.42	0.58	0.06	0.44		0.1	0.04	0.1	0.35	0.51	UCTT
ASYS	0.47	-0.18	-0.54	0.32	0.1		-0.54	0.33	-0.47	0.56	ASYS
COHU	-0.53	0.61	0.66	-0.14	0.04	-0.54		-0.55	0.77	-0.22	COHU
ONTO	0.84	-0.65	-0.24	0.54	0.1	0.33	-0.55		-0.71	0.37	ONTO
KLIC	-0.57	0.84	0.62	-0.24	0.35	-0.47	0.77	-0.71		-0.14	KLIC
ENTG	0.68	0.13	-0.17	0.67	0.51	0.56	-0.22	0.37	-0.14		ENTG
	VECO	ICHR	IPGP	NVMI	UCTT	ASYS	COHU	ONTO	KLIC	ENTG

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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

ONTO	+ 0.84	VECO
KLIC	+ 0.84	ICHR
NVMI	+ 0.78	VECO
KLIC	+ 0.77	COHU
ENTG	+ 0.68	VECO
ENTG	+ 0.67	NVMI

High negative correlations

KLIC	- 0.71	ONTO
ONTO	- 0.65	ICHR
KLIC	- 0.57	VECO
ONTO	- 0.55	COHU
COHU	- 0.54	ASYS
ASYS	- 0.54	IPGP

Risk-Adjusted Indicators

There is a big difference between AXT Stock performing well and AXT 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 AXT'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
VECO	1.62	(0.16)	0.00	(0.12)	0.00	0.00	3.78	(3.39)	12.77
ICHR	2.58	0.15	0.06	0.11	2.81	(2.86)	4.69	(5.06)	22.04
IPGP	1.79	0.10	0.05	0.10	2.02	(1.88)	4.86	(3.15)	11.69
NVMI	2.35	0.03	0.01	0.05	3.13	(2.66)	5.61	(6.09)	17.04
UCTT	2.54	0.08	0.03	0.07	2.97	(2.83)	5.42	(5.21)	20.10
ASYS	1.82	(0.09)	0.00	(0.31)	0.00	0.00	3.48	(4.31)	15.64
COHU	2.07	0.10	0.03	0.87	2.23	(2.39)	4.44	(3.97)	14.26
ONTO	2.25	(0.14)	0.00	5.36	0.00	0.00	4.52	(4.38)	20.62
KLIC	1.99	0.20	0.10	0.16	2.01	(2.11)	4.74	(3.06)	11.34
ENTG	2.03	(0.19)	0.00	(0.10)	0.00	0.00	3.03	(4.23)	12.71

AXT Corporate Executives

Elected by the shareholders, the AXT's board of directors comprises two types of representatives: AXT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AXT. The board's role is to monitor AXT's management team and ensure that shareholders' interests are well served. AXT'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, AXT's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gary Fischer

CFO, VP and Corporate Secretary

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