Camtek Correlations

CAMT Stock

USD 71.12 0.55 0.77%

The current 90-days correlation between Camtek and Veeco Instruments is 0.65 (i.e., Poor diversification). The correlation of Camtek 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.

Camtek Correlation With Market

Significant diversification

The correlation between Camtek and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Camtek 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 Camtek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving against Camtek Stock

0.52	NTGR	NETGEAR	Pair Corr
0.52	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.43	KVHI	KVH Industries	Pair Corr
0.38	SPCB	Supercom	Pair Corr
0.32	MSFT	Microsoft Aggressive Push	Pair Corr
0.32	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.31	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.54	WMT	Walmart Aggressive Push	Pair Corr
0.49	NDAQ	Nasdaq Inc	Pair Corr
0.44	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.39	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.38	HD	Home Depot Sell-off Trend	Pair Corr
0.32	BAC	Bank of America Aggressive Push	Pair Corr
0.32	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.31	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	ONTO	ASYS	VECO	ICHR	AEHR	NVMI	ACLS	COHU	KLIC	ENTG
ONTO		0.27	0.76	-0.4	0.68	0.55	0.81	-0.26	-0.31	0.59	ONTO
ASYS	0.27		0.57	-0.14	0.13	0.54	0.63	-0.41	-0.7	0.61	ASYS
VECO	0.76	0.57		-0.09	0.4	0.86	0.89	-0.21	-0.44	0.69	VECO
ICHR	-0.4	-0.14	-0.09		-0.43	0.07	-0.34	0.45	0.58	-0.04	ICHR
AEHR	0.68	0.13	0.4	-0.43		0.23	0.4	-0.04	-0.19	0.12	AEHR
NVMI	0.55	0.54	0.86	0.07	0.23		0.78	-0.17	-0.42	0.59	NVMI
ACLS	0.81	0.63	0.89	-0.34	0.4	0.78		-0.33	-0.62	0.8	ACLS
COHU	-0.26	-0.41	-0.21	0.45	-0.04	-0.17	-0.33		0.74	-0.09	COHU
KLIC	-0.31	-0.7	-0.44	0.58	-0.19	-0.42	-0.62	0.74		-0.32	KLIC
ENTG	0.59	0.61	0.69	-0.04	0.12	0.59	0.8	-0.09	-0.32		ENTG
	ONTO	ASYS	VECO	ICHR	AEHR	NVMI	ACLS	COHU	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

ACLS	+ 0.89	VECO
NVMI	+ 0.86	VECO
ACLS	+ 0.81	ONTO
ENTG	+ 0.8	ACLS
ACLS	+ 0.78	NVMI
VECO	+ 0.76	ONTO

High negative correlations

KLIC	- 0.7	ASYS
KLIC	- 0.62	ACLS
KLIC	- 0.44	VECO
AEHR	- 0.43	ICHR
KLIC	- 0.42	NVMI
COHU	- 0.41	ASYS

Risk-Adjusted Indicators

There is a big difference between Camtek Stock performing well and Camtek 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 Camtek'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
ONTO	2.51	(0.58)	0.00	(0.17)	0.00	0.00	5.66	(5.73)	20.62
ASYS	1.83	(0.04)	0.00	0.18	0.00	0.00	3.57	(4.31)	10.29
VECO	1.75	(0.42)	0.00	(10.73)	0.00	0.00	3.96	(3.97)	12.77
ICHR	2.58	(0.01)	0.01	0.11	3.03	(2.82)	4.28	(5.22)	21.12
AEHR	3.60	(0.47)	0.00	(0.11)	0.00	0.00	7.27	(6.96)	34.55
NVMI	2.49	(0.26)	0.00	1.14	0.00	0.00	5.57	(7.05)	17.04
ACLS	1.98	(0.84)	0.00	(0.28)	0.00	0.00	3.87	(5.37)	14.28
COHU	2.13	(0.22)	(0.04)	0.00	2.43	(2.43)	4.44	(3.97)	14.26
KLIC	1.95	(0.05)	0.02	0.09	2.43	(1.97)	4.74	(3.06)	11.34
ENTG	1.99	(0.30)	0.00	(0.08)	0.00	0.00	3.08	(4.09)	12.71

Camtek Corporate Management

Orit Dvash	Vice Resources	Profile
Moshe Eisenberg	Chief Officer	Profile
Ramy Langer	Chief Officer	Profile
Shimon Koren	Chief Officer	Profile
Omri Katz	Vice Support	Profile

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