FormFactor Correlations

FORM Stock

USD 32.63 0.19 0.58%

The current 90-days correlation between FormFactor and Silicon Laboratories is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FormFactor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FormFactor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FormFactor Correlation With Market

Modest diversification

The correlation between FormFactor and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FormFactor and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FormFactor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with FormFactor Stock

0.95	DIOD	Diodes Incorporated	Pair Corr
0.88	NA	Nano Labs	Pair Corr
0.88	ON	ON Semiconductor	Pair Corr
0.94	PI	Impinj Inc	Pair Corr
0.96	VECO	Veeco Instruments	Pair Corr
0.79	ENPH	Enphase Energy	Pair Corr
0.63	WOLF	Wolfspeed Buyout Trend	Pair Corr
0.77	AIP	Arteris	Pair Corr
0.93	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.84	CAN	Canaan Inc	Pair Corr
0.84	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.92	FSLR	First Solar	Pair Corr
0.74	GFS	Globalfoundries Sell-off Trend	Pair Corr
0.7	FTCI	FTC Solar	Pair Corr
0.87	MXL	MaxLinear	Pair Corr
0.86	XPER	Xperi Corp	Pair Corr
0.88	TER	Teradyne	Pair Corr
0.73	TSM	Taiwan Semiconductor	Pair Corr
0.89	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.87	INDI	indie Semiconductor	Pair Corr

Moving against FormFactor Stock

0.34	MX	MagnaChip Semiconductor	Pair Corr
0.74	LEDS	SemiLEDS Tech Boost	Pair Corr
0.48	INTC	Intel Downward Rally	Pair Corr
0.43	HIMX	Himax Technologies	Pair Corr
0.36	KLAC	KLA Tencor	Pair Corr
0.33	LSCC	Lattice Semiconductor	Pair Corr

Related Correlations Analysis

	SLAB	DIOD	MTSI	AMKR	POWI	MXL	CRUS	MX	CEVA
SLAB		-0.18	-0.06	-0.18	0.21	-0.09	0.68	0.84	0.73	SLAB
DIOD	-0.18		0.91	0.97	0.67	0.88	-0.05	-0.23	0.16	DIOD
MTSI	-0.06	0.91		0.94	0.57	0.94	-0.11	-0.17	0.25	MTSI
AMKR	-0.18	0.97	0.94		0.6	0.9	-0.1	-0.25	0.14	AMKR
POWI	0.21	0.67	0.57	0.6		0.47	0.49	0.26	0.5	POWI
MXL	-0.09	0.88	0.94	0.9	0.47		-0.23	-0.24	0.22	MXL
CRUS	0.68	-0.05	-0.11	-0.1	0.49	-0.23		0.69	0.65	CRUS
MX	0.84	-0.23	-0.17	-0.25	0.26	-0.24	0.69		0.67	MX
CEVA	0.73	0.16	0.25	0.14	0.5	0.22	0.65	0.67		CEVA
	SLAB	DIOD	MTSI	AMKR	POWI	MXL	CRUS	MX	CEVA

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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

AMKR	+ 0.97	DIOD
AMKR	+ 0.94	MTSI
MXL	+ 0.94	MTSI
MTSI	+ 0.91	DIOD
MXL	+ 0.9	AMKR
MXL	+ 0.88	DIOD

High negative correlations

MX	- 0.25	AMKR
MX	- 0.24	MXL
CRUS	- 0.23	MXL
MX	- 0.23	DIOD
AMKR	- 0.18	SLAB
DIOD	- 0.18	SLAB

Risk-Adjusted Indicators

There is a big difference between FormFactor Stock performing well and FormFactor 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 FormFactor'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
SLAB	2.05	0.18	0.05	0.04	2.72	(2.11)	3.33	(4.70)	16.60
DIOD	1.99	(0.32)	0.00	(0.46)	0.00	0.00	3.55	(4.35)	10.47
MTSI	2.32	(0.18)	0.00	(0.24)	0.00	0.00	4.30	(5.71)	20.65
AMKR	1.86	(0.32)	0.00	(0.46)	0.00	0.00	3.14	(4.41)	15.35
POWI	1.91	(0.07)	0.00	(0.16)	0.00	0.00	3.76	(4.06)	11.80
MXL	3.98	(0.20)	0.00	(0.21)	0.00	0.00	6.45	(8.03)	27.60
CRUS	1.67	0.05	0.00	(0.05)	0.00	0.00	2.65	(3.83)	14.61
MX	2.27	0.10	0.05	0.05	2.49	(2.71)	5.93	(4.45)	18.86
CEVA	2.64	0.15	0.03	0.00	3.58	(2.91)	4.55	(5.66)	31.05

FormFactor Corporate Management

Christy Robertson	Secretary	Profile
Aliza Scott	Chief Officer	Profile
Shai Shahar	Chief Officer	Profile
Sudhakar Raman	Senior Unit	Profile
Sergio Loureiro	Senior Operations	Profile
Chunyi Leong	VP Officer	Profile

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