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

0.74	AIP	Arteris	Pair Corr
0.7	FTCI	FTC Solar	Pair Corr
0.65	TSM	Taiwan Semiconductor	Pair Corr
0.67	VLN	Valens	Pair Corr

Moving against InTest Stock

0.32	TRT	Trio Tech International	Pair Corr
0.55	UMC	United Microelectronics	Pair Corr
0.41	LSCC	Lattice Semiconductor	Pair Corr

Related Correlations Analysis

	ACLS	LRCX	PLAB	INDI	NVMI	ONTO	KLIC	ICHR	CAMT	ASYS
ACLS		-0.24	0.93	0.87	-0.46	0.58	0.95	0.45	0.44	0.7	ACLS
LRCX	-0.24		-0.21	0.01	0.85	0.25	-0.21	0.34	0.3	-0.1	LRCX
PLAB	0.93	-0.21		0.81	-0.51	0.46	0.93	0.54	0.31	0.73	PLAB
INDI	0.87	0.01	0.81		-0.13	0.78	0.9	0.59	0.68	0.65	INDI
NVMI	-0.46	0.85	-0.51	-0.13		0.29	-0.42	0.06	0.42	-0.35	NVMI
ONTO	0.58	0.25	0.46	0.78	0.29		0.59	0.28	0.95	0.24	ONTO
KLIC	0.95	-0.21	0.93	0.9	-0.42	0.59		0.56	0.49	0.77	KLIC
ICHR	0.45	0.34	0.54	0.59	0.06	0.28	0.56		0.26	0.65	ICHR
CAMT	0.44	0.3	0.31	0.68	0.42	0.95	0.49	0.26		0.16	CAMT
ASYS	0.7	-0.1	0.73	0.65	-0.35	0.24	0.77	0.65	0.16		ASYS
	ACLS	LRCX	PLAB	INDI	NVMI	ONTO	KLIC	ICHR	CAMT	ASYS

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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

KLIC	+ 0.95	ACLS
CAMT	+ 0.95	ONTO
PLAB	+ 0.93	ACLS
KLIC	+ 0.93	PLAB
KLIC	+ 0.9	INDI
INDI	+ 0.87	ACLS

High negative correlations

NVMI	- 0.51	PLAB
NVMI	- 0.46	ACLS
KLIC	- 0.42	NVMI
ASYS	- 0.35	NVMI
LRCX	- 0.24	ACLS
KLIC	- 0.21	LRCX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ACLS	1.99	(0.24)	0.00	(0.41)	0.00	0.00	3.92	(5.01)	18.06
LRCX	2.15	0.19	0.06	0.08	2.83	(2.12)	4.45	(5.09)	14.02
PLAB	1.67	(0.17)	0.00	(0.35)	0.00	0.00	2.42	(4.03)	17.20
INDI	3.37	(0.51)	0.00	(0.29)	0.00	0.00	7.16	(7.00)	25.61
NVMI	2.33	0.34	0.10	0.20	3.07	(2.40)	5.08	(5.15)	17.42
ONTO	2.73	(0.09)	0.00	(0.18)	0.00	0.00	5.89	(6.63)	21.06
KLIC	1.63	(0.30)	0.00	(0.45)	0.00	0.00	2.83	(4.89)	10.06
ICHR	2.79	(0.13)	0.00	(0.21)	0.00	0.00	4.80	(5.46)	24.85
CAMT	2.97	0.08	0.00	(0.05)	0.00	0.00	6.05	(6.55)	22.80
ASYS	2.14	(0.16)	0.00	(0.45)	0.00	0.00	3.35	(4.40)	27.27

InTest Corporate Management

Joe McManus	Division Test	Profile
Susan Dawson	Finance Manager	Profile
Duncan Gilmour	Treasurer CFO	Profile
Joseph McManus	Division Test	Profile
Richard Rogoff	Vice Development	Profile
Meghan Moseley	Vice Resources	Profile

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