Cohu Correlations

COHU Stock

USD 17.06 0.02 0.12%

The current 90-days correlation between Cohu Inc and Photronics is 0.39 (i.e., Weak diversification). The correlation of Cohu 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.

Cohu Correlation With Market

Modest diversification

The correlation between Cohu Inc 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 Cohu 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 Cohu 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 rate.

Moving together with Cohu Stock

0.97	DIOD	Diodes Incorporated	Pair Corr
0.92	NA	Nano Labs	Pair Corr
0.93	ON	ON Semiconductor	Pair Corr
0.94	PI	Impinj Inc	Pair Corr
0.97	VECO	Veeco Instruments	Pair Corr
0.84	ENPH	Enphase Energy	Pair Corr
0.69	WOLF	Wolfspeed	Pair Corr
0.69	AIP	Arteris	Pair Corr
0.95	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.92	CAN	Canaan Inc	Pair Corr
0.95	FORM	FormFactor	Pair Corr
0.83	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.95	FSLR	First Solar	Pair Corr
0.74	GFS	Globalfoundries Sell-off Trend	Pair Corr
0.63	FTCI	FTC Solar	Pair Corr
0.63	JKS	JinkoSolar Holding	Pair Corr
0.82	MXL	MaxLinear	Pair Corr
0.94	XPER	Xperi Corp	Pair Corr
0.83	TER	Teradyne	Pair Corr
0.68	TSM	Taiwan Semiconductor	Pair Corr
0.89	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.9	INDI	indie Semiconductor	Pair Corr

Moving against Cohu Stock

0.33	MX	MagnaChip Semiconductor	Pair Corr
0.76	LEDS	SemiLEDS Tech Boost	Pair Corr
0.46	HIMX	Himax Technologies	Pair Corr
0.45	INTC	Intel Trending	Pair Corr
0.42	KLAC	KLA Tencor	Pair Corr

Related Correlations Analysis

	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP
ONTO		0.48	0.79	0.61	0.31	0.37	0.62	0.25	0.63	0.66	ONTO
PLAB	0.48		0.72	0.92	0.53	0.48	0.93	0.7	0.9	0.9	PLAB
UCTT	0.79	0.72		0.75	0.7	0.58	0.8	0.6	0.83	0.73	UCTT
ACLS	0.61	0.92	0.75		0.45	0.34	0.95	0.73	0.93	0.96	ACLS
ICHR	0.31	0.53	0.7	0.45		0.69	0.57	0.67	0.63	0.36	ICHR
ENTG	0.37	0.48	0.58	0.34	0.69		0.4	0.33	0.41	0.34	ENTG
KLIC	0.62	0.93	0.8	0.95	0.57	0.4		0.77	0.98	0.93	KLIC
ASYS	0.25	0.7	0.6	0.73	0.67	0.33	0.77		0.77	0.64	ASYS
VECO	0.63	0.9	0.83	0.93	0.63	0.41	0.98	0.77		0.9	VECO
IPGP	0.66	0.9	0.73	0.96	0.36	0.34	0.93	0.64	0.9		IPGP
	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Cohu Stock performing well and Cohu 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 Cohu'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ONTO	2.73	(0.13)	(0.19)	5.89	(6.63)	21.06
PLAB	1.65	(0.19)	(0.36)	2.42	(4.03)	17.20
UCTT	2.79	(0.42)	(0.59)	4.52	(5.78)	32.72
ACLS	1.93	(0.32)	(0.48)	3.46	(5.01)	18.06
ICHR	2.83	(0.12)	(0.18)	4.80	(5.46)	24.85
ENTG	2.09	(0.02)	(0.11)	3.84	(5.19)	11.25
KLIC	1.58	(0.37)	(0.51)	2.71	(4.89)	9.76
ASYS	2.14	(0.19)	(1.15)	3.35	(4.40)	27.27
VECO	1.92	(0.34)	(0.62)	3.06	(4.54)	13.15
IPGP	1.76	(0.27)	(0.35)	3.60	(4.31)	9.93

Cohu Corporate Executives

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

	Jeffrey CPA	Senior CFO	Profile
	Jeffrey Jones	CFO, VP of Fin. and Secretary	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