InTest Correlations

INTT Stock  USD 7.74  0.01  0.13%   
The current 90-days correlation between inTest and indie Semiconductor is 0.38 (i.e., Weak diversification). The correlation of InTest 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.

InTest Correlation With Market

Average diversification

The correlation between inTest and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding inTest and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in inTest. 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.
For more information on how to buy InTest Stock please use our How to Invest in InTest guide.

Moving together with InTest Stock

  0.74AIP ArterisPairCorr
  0.7FTCI FTC SolarPairCorr
  0.65TSM Taiwan SemiconductorPairCorr
  0.67VLN ValensPairCorr

Moving against InTest Stock

  0.32TRT Trio Tech InternationalPairCorr
  0.55UMC United MicroelectronicsPairCorr
  0.41LSCC Lattice SemiconductorPairCorr

Related Correlations Analysis

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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   
KLICACLS
CAMTONTO
PLABACLS
KLICPLAB
KLICINDI
INDIACLS
  
High negative correlations   
NVMIPLAB
NVMIACLS
KLICNVMI
ASYSNVMI
LRCXACLS
KLICLRCX

Risk-Adjusted Indicators

There is a big difference between InTest Stock performing well and InTest 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 InTest'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ACLS  1.99 (0.24) 0.00 (0.41) 0.00 
 3.92 
 18.06 
LRCX  2.15  0.19  0.06  0.08  2.83 
 4.45 
 14.02 
PLAB  1.67 (0.17) 0.00 (0.35) 0.00 
 2.42 
 17.20 
INDI  3.37 (0.51) 0.00 (0.29) 0.00 
 7.16 
 25.61 
NVMI  2.33  0.34  0.10  0.20  3.07 
 5.08 
 17.42 
ONTO  2.73 (0.09) 0.00 (0.18) 0.00 
 5.89 
 21.06 
KLIC  1.63 (0.30) 0.00 (0.45) 0.00 
 2.83 
 10.06 
ICHR  2.79 (0.13) 0.00 (0.21) 0.00 
 4.80 
 24.85 
CAMT  2.97  0.08  0.00 (0.05) 0.00 
 6.05 
 22.80 
ASYS  2.14 (0.16) 0.00 (0.45) 0.00 
 3.35 
 27.27 

InTest Corporate Management

Joe McManusDivision TestProfile
Susan DawsonFinance ManagerProfile
Duncan GilmourTreasurer CFOProfile
Joseph McManusDivision TestProfile
Richard RogoffVice DevelopmentProfile
Meghan MoseleyVice ResourcesProfile