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.
InTest |
Moving together with InTest Stock
0.74 | AIP | Arteris | PairCorr |
0.7 | FTCI | FTC Solar | PairCorr |
0.65 | TSM | Taiwan Semiconductor | PairCorr |
0.67 | VLN | Valens | PairCorr |
Moving against InTest Stock
0.32 | TRT | Trio Tech International | PairCorr |
0.55 | UMC | United Microelectronics | PairCorr |
0.41 | LSCC | Lattice Semiconductor | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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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 | ||
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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 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 |