KLA Tencor Correlations

KLAC Stock

USD 719.61 9.61 1.35%

The current 90-days correlation between KLA Tencor and Applied Materials is 0.9 (i.e., Almost no diversification). The correlation of KLA Tencor 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.

KLA Tencor Correlation With Market

Very weak diversification

The correlation between KLA Tencor and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KLA Tencor 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 KLA Tencor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade KLA Stock refer to our How to Trade KLA Stock guide.

Moving together with KLA Stock

0.61	MX	MagnaChip Semiconductor	Pair Corr
0.62	ARM	Arm Holdings plc	Pair Corr
0.77	HIMX	Himax Technologies	Pair Corr

Moving against KLA Stock

0.7	JKS	JinkoSolar Holding	Pair Corr
0.56	ON	ON Semiconductor	Pair Corr
0.53	ENPH	Enphase Energy	Pair Corr
0.5	PI	Impinj Inc	Pair Corr
0.49	XPER	Xperi Corp	Pair Corr
0.45	ICG	Intchains Group	Pair Corr
0.44	NA	Nano Labs	Pair Corr
0.44	WOLF	Wolfspeed Buyout Trend	Pair Corr
0.36	CAN	Canaan Inc	Pair Corr
0.36	FORM	FormFactor	Pair Corr
0.33	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.32	DIOD	Diodes Incorporated	Pair Corr
0.31	FSLR	First Solar	Pair Corr
0.5	UMC	United Microelectronics Aggressive Push	Pair Corr
0.39	MOBX	Mobix Labs	Pair Corr
0.34	KLIC	Kulicke and Soffa	Pair Corr
0.32	MAXN	Maxeon Solar Technologies Tech Boost	Pair Corr

Related Correlations Analysis

	AMAT	ASML	ACLS	TER	LRCX	ENTG	IPGP	AEHR	PLAB	KLIC
AMAT		0.67	0.52	0.62	0.5	0.62	0.53	0.3	0.44	0.54	AMAT
ASML	0.67		0.09	0.29	0.71	0.65	0.1	0.07	0.12	0.16	ASML
ACLS	0.52	0.09		0.8	-0.23	0.32	0.95	0.74	0.92	0.95	ACLS
TER	0.62	0.29	0.8		-0.13	0.3	0.76	0.79	0.69	0.86	TER
LRCX	0.5	0.71	-0.23	-0.13		0.65	-0.26	-0.33	-0.19	-0.2	LRCX
ENTG	0.62	0.65	0.32	0.3	0.65		0.3	0.05	0.45	0.38	ENTG
IPGP	0.53	0.1	0.95	0.76	-0.26	0.3		0.7	0.9	0.92	IPGP
AEHR	0.3	0.07	0.74	0.79	-0.33	0.05	0.7		0.65	0.8	AEHR
PLAB	0.44	0.12	0.92	0.69	-0.19	0.45	0.9	0.65		0.93	PLAB
KLIC	0.54	0.16	0.95	0.86	-0.2	0.38	0.92	0.8	0.93		KLIC
	AMAT	ASML	ACLS	TER	LRCX	ENTG	IPGP	AEHR	PLAB	KLIC

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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

IPGP	+ 0.95	ACLS
KLIC	+ 0.95	ACLS
KLIC	+ 0.93	PLAB
PLAB	+ 0.92	ACLS
KLIC	+ 0.92	IPGP
PLAB	+ 0.9	IPGP

High negative correlations

AEHR	- 0.33	LRCX
IPGP	- 0.26	LRCX
LRCX	- 0.23	ACLS
KLIC	- 0.2	LRCX
PLAB	- 0.19	LRCX
LRCX	- 0.13	TER

Risk-Adjusted Indicators

There is a big difference between KLA Stock performing well and KLA Tencor 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 KLA Tencor'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
AMAT	1.88	(0.02)	0.00	(0.12)	0.00	0.00	3.78	(3.76)	12.72
ASML	1.75	0.14	0.07	0.11	2.33	(1.83)	3.42	(3.37)	14.29
ACLS	1.95	(0.33)	0.00	(0.50)	0.00	0.00	3.46	(5.01)	18.06
TER	2.25	(0.27)	0.00	(0.38)	0.00	0.00	3.19	(5.23)	24.25
LRCX	2.12	0.18	0.06	0.08	2.74	(2.15)	4.45	(5.09)	14.02
ENTG	2.04	0.04	0.00	(0.06)	0.00	0.00	3.84	(5.19)	11.25
IPGP	1.78	(0.15)	0.00	(0.25)	0.00	0.00	4.39	(4.31)	9.93
AEHR	4.34	(0.08)	0.00	(0.17)	0.00	0.00	7.69	(7.91)	52.75
PLAB	1.63	(0.16)	0.00	(0.33)	0.00	0.00	2.42	(4.03)	17.20
KLIC	1.56	(0.34)	0.00	(0.48)	0.00	0.00	2.71	(4.89)	9.76

KLA Tencor Corporate Management

Virendra Kirloskar	Chief Accounting Officer and Sr. VP	Profile
Becky Howland	Sr Communications	Profile
Oreste Donzella	Packaging Electronics	Profile
Kevin CFA	Vice Relations	Profile

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