Kulicke Correlations

KLIC Stock

USD 35.76 0.13 0.36%

The current 90-days correlation between Kulicke and Soffa and Ultra Clean Holdings is 0.6 (i.e., Poor diversification). The correlation of Kulicke 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.

Kulicke Correlation With Market

Very weak diversification

The correlation between Kulicke and Soffa and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kulicke and Soffa 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 Kulicke and Soffa. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Kulicke Stock

0.68	S	SentinelOne	Pair Corr
0.81	NN	Nextnav Acquisition Corp	Pair Corr
0.69	VRAR	Glimpse Group	Pair Corr
0.86	VRNS	Varonis Systems	Pair Corr
0.87	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.93	EXTR	Extreme Networks	Pair Corr
0.85	CRM	Salesforce	Pair Corr
0.82	HPE	Hewlett Packard Ente	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.77	MSI	Motorola Solutions	Pair Corr
0.87	TDC	Teradata Corp	Pair Corr
0.75	WBX	Wallbox NV	Pair Corr
0.91	ZBRA	Zebra Technologies	Pair Corr
0.62	JNPR	Juniper Networks	Pair Corr
0.65	LFUS	Littelfuse	Pair Corr
0.88	LITE	Lumentum Holdings	Pair Corr
0.82	AIRG	Airgain	Pair Corr

Moving against Kulicke Stock

0.94	VRSN	VeriSign	Pair Corr
0.7	JG	Aurora Mobile	Pair Corr
0.59	MQ	Marqeta	Pair Corr
0.5	BB	BlackBerry	Pair Corr
0.43	ZS	Zscaler	Pair Corr
0.31	DOCN	DigitalOcean Holdings	Pair Corr
0.9	NOK	Nokia Corp ADR	Pair Corr
0.52	MLGO	MicroAlgo	Pair Corr
0.36	FTNT	Fortinet	Pair Corr
0.34	GWRE	Guidewire Software	Pair Corr
0.91	BRK-A	Berkshire Hathaway	Pair Corr
0.83	WM	Waste Management	Pair Corr

Related Correlations Analysis

	UCTT	ICHR	ENTG	ASYS	NVMI	ACLS	COHU	PLAB	AEHR	LRCX
UCTT		0.73	0.59	0.64	0.28	0.8	0.81	0.77	0.67	0.3	UCTT
ICHR	0.73		0.68	0.64	0.29	0.47	0.61	0.53	0.57	0.32	ICHR
ENTG	0.59	0.68		0.29	0.52	0.29	0.32	0.4	0.1	0.58	ENTG
ASYS	0.64	0.64	0.29		-0.12	0.67	0.75	0.71	0.76	-0.02	ASYS
NVMI	0.28	0.29	0.52	-0.12		-0.17	-0.19	-0.27	-0.3	0.8	NVMI
ACLS	0.8	0.47	0.29	0.67	-0.17		0.92	0.93	0.81	-0.17	ACLS
COHU	0.81	0.61	0.32	0.75	-0.19	0.92		0.91	0.89	-0.19	COHU
PLAB	0.77	0.53	0.4	0.71	-0.27	0.93	0.91		0.77	-0.15	PLAB
AEHR	0.67	0.57	0.1	0.76	-0.3	0.81	0.89	0.77		-0.31	AEHR
LRCX	0.3	0.32	0.58	-0.02	0.8	-0.17	-0.19	-0.15	-0.31		LRCX
	UCTT	ICHR	ENTG	ASYS	NVMI	ACLS	COHU	PLAB	AEHR	LRCX

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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

PLAB	+ 0.93	ACLS
COHU	+ 0.92	ACLS
PLAB	+ 0.91	COHU
AEHR	+ 0.89	COHU
COHU	+ 0.81	UCTT
AEHR	+ 0.81	ACLS

High negative correlations

LRCX	- 0.31	AEHR
AEHR	- 0.3	NVMI
PLAB	- 0.27	NVMI
LRCX	- 0.19	COHU
COHU	- 0.19	NVMI
LRCX	- 0.17	ACLS

Risk-Adjusted Indicators

There is a big difference between Kulicke Stock performing well and Kulicke 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 Kulicke'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
UCTT	2.81	(0.48)	0.00	(0.61)	0.00	0.00	4.52	(5.78)	32.72
ICHR	2.80	(0.15)	0.00	(0.18)	0.00	0.00	4.80	(5.46)	24.85
ENTG	2.03	(0.06)	0.00	(0.12)	0.00	0.00	3.84	(5.19)	11.25
ASYS	2.10	(0.06)	0.00	(0.17)	0.00	0.00	3.48	(3.82)	27.27
NVMI	2.44	0.18	0.05	0.12	3.30	(2.48)	5.08	(5.34)	17.42
ACLS	1.98	(0.36)	0.00	(0.51)	0.00	0.00	3.46	(5.01)	18.06
COHU	2.26	(0.65)	0.00	(0.77)	0.00	0.00	3.10	(6.87)	14.30
PLAB	1.38	(0.29)	0.00	(0.44)	0.00	0.00	2.41	(3.59)	7.31
AEHR	4.34	(0.12)	0.00	(0.18)	0.00	0.00	7.69	(7.91)	52.75
LRCX	1.97	0.06	0.05	(0.47)	2.51	(2.09)	4.40	(3.66)	14.02

Kulicke Corporate Management

Lester Wong	Sr. VP of Legal Affairs and General Counsel	Profile
Meng HAN	Senior Solutions	Profile
Stephen JD	VP Counsel	Profile
Susan Waters	Sec	Profile
Lisa Lim	Vice Resources	Profile

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