Keysight Technologies Correlations

KEYS Stock

USD 154.56 0.57 0.37%

The current 90-days correlation between Keysight Technologies and Vontier Corp is 0.02 (i.e., Significant diversification). The correlation of Keysight Technologies 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.

Keysight Technologies Correlation With Market

Good diversification

The correlation between Keysight Technologies and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keysight Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Keysight Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Keysight Stock please use our How to Invest in Keysight Technologies guide.

Moving together with Keysight Stock

0.78	FTV	Fortive Corp	Pair Corr
0.87	VNT	Vontier Corp	Pair Corr
0.76	VPG	Vishay Precision	Pair Corr
0.83	GNSS	Genasys	Pair Corr
0.85	MIND	Mind Technology Downward Rally	Pair Corr
0.64	MKSI	MKS Instruments	Pair Corr
0.75	MLAB	Mesa Laboratories	Pair Corr
0.85	BKSY	Blacksky Technology	Pair Corr
0.71	TRMB	Trimble	Pair Corr
0.8	S	SentinelOne	Pair Corr
0.84	DT	Dynatrace Holdings LLC	Pair Corr
0.84	DV	DoubleVerify Holdings	Pair Corr

Moving against Keysight Stock

0.55	ITRI	Itron Inc	Pair Corr
0.36	GB	Global Blue Group	Pair Corr

Related Correlations Analysis

	VNT	TDY	ESE	MKSI	ST	FTV	NOVT	COHR	IIVI
VNT		0.25	-0.26	0.79	0.25	0.77	0.58	0.69	0.0	VNT
TDY	0.25		0.43	-0.08	-0.07	0.63	-0.37	-0.32	0.0	TDY
ESE	-0.26	0.43		-0.64	0.25	0.13	-0.62	-0.69	0.0	ESE
MKSI	0.79	-0.08	-0.64		0.03	0.47	0.65	0.89	0.0	MKSI
ST	0.25	-0.07	0.25	0.03		0.26	0.11	0.03	0.0	ST
FTV	0.77	0.63	0.13	0.47	0.26		0.07	0.19	0.0	FTV
NOVT	0.58	-0.37	-0.62	0.65	0.11	0.07		0.82	0.0	NOVT
COHR	0.69	-0.32	-0.69	0.89	0.03	0.19	0.82		0.0	COHR
IIVI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IIVI
	VNT	TDY	ESE	MKSI	ST	FTV	NOVT	COHR	IIVI

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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

COHR	+ 0.89	MKSI
COHR	+ 0.82	NOVT
MKSI	+ 0.79	VNT
FTV	+ 0.77	VNT
COHR	+ 0.69	VNT
NOVT	+ 0.65	MKSI

High negative correlations

COHR	- 0.69	ESE
MKSI	- 0.64	ESE
NOVT	- 0.62	ESE
NOVT	- 0.37	TDY
COHR	- 0.32	TDY
ESE	- 0.26	VNT

Risk-Adjusted Indicators

There is a big difference between Keysight Stock performing well and Keysight Technologies 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 Keysight Technologies' 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
VNT	1.40	(0.14)	0.00	(0.15)	0.00	0.00	3.00	(3.17)	8.33
TDY	1.03	0.13	0.10	0.12	1.27	(1.08)	1.98	(1.91)	10.41
ESE	1.69	0.32	0.18	0.37	1.54	(1.96)	2.60	(2.47)	24.14
MKSI	2.28	(0.20)	0.00	(0.19)	0.00	0.00	4.18	(6.61)	13.45
ST	1.58	(0.07)	0.00	(0.11)	0.00	0.00	2.73	(3.03)	14.38
FTV	0.98	0.01	0.00	(0.02)	0.00	0.00	1.87	(2.21)	5.10
NOVT	1.27	(0.29)	0.00	(0.35)	0.00	0.00	1.65	(2.80)	10.19
COHR	3.66	(0.32)	0.00	(0.19)	0.00	0.00	6.19	(7.31)	25.13
IIVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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