Teradyne Correlations

TER Stock

USD 88.87 1.30 1.44%

The current 90-days correlation between Teradyne and Ultra Clean Holdings is 0.41 (i.e., Very weak diversification). The correlation of Teradyne 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.

Teradyne Correlation With Market

Modest diversification

The correlation between Teradyne and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teradyne and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teradyne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Teradyne Stock, please use our How to Invest in Teradyne guide.

Moving together with Teradyne Stock

0.87	DIOD	Diodes Incorporated	Pair Corr
0.79	NA	Nano Labs	Pair Corr
0.71	ON	ON Semiconductor	Pair Corr
0.79	PI	Impinj Inc	Pair Corr
0.82	VECO	Veeco Instruments	Pair Corr
0.85	AIP	Arteris	Pair Corr
0.78	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.68	CAN	Canaan Inc	Pair Corr
0.87	FORM	FormFactor	Pair Corr
0.72	CVV	CVD Equipment Earnings Call This Week	Pair Corr
0.81	FSLR	First Solar	Pair Corr
0.64	GFS	Globalfoundries Sell-off Trend	Pair Corr
0.68	FTCI	FTC Solar	Pair Corr
0.88	MXL	MaxLinear	Pair Corr
0.7	XPER	Xperi Corp	Pair Corr
0.77	TSM	Taiwan Semiconductor	Pair Corr
0.82	GCTS	GCT Semiconductor Holding Symbol Change	Pair Corr
0.83	INDI	indie Semiconductor	Pair Corr

Moving against Teradyne Stock

0.54	LEDS	SemiLEDS Tech Boost	Pair Corr
0.38	INTC	Intel Trending	Pair Corr

Related Correlations Analysis

	IPGP	UCTT	ONTO	COHU	LRCX	AMAT	ASML	ACLS	ENTG	ICHR
IPGP		0.73	0.66	0.91	-0.26	0.52	0.08	0.96	0.34	0.36	IPGP
UCTT	0.73		0.79	0.78	0.26	0.8	0.45	0.75	0.58	0.7	UCTT
ONTO	0.66	0.79		0.58	0.24	0.91	0.52	0.61	0.37	0.31	ONTO
COHU	0.91	0.78	0.58		-0.27	0.47	0.1	0.92	0.35	0.59	COHU
LRCX	-0.26	0.26	0.24	-0.27		0.5	0.71	-0.24	0.62	0.34	LRCX
AMAT	0.52	0.8	0.91	0.47	0.5		0.68	0.5	0.6	0.44	AMAT
ASML	0.08	0.45	0.52	0.1	0.71	0.68		0.07	0.6	0.46	ASML
ACLS	0.96	0.75	0.61	0.92	-0.24	0.5	0.07		0.34	0.45	ACLS
ENTG	0.34	0.58	0.37	0.35	0.62	0.6	0.6	0.34		0.69	ENTG
ICHR	0.36	0.7	0.31	0.59	0.34	0.44	0.46	0.45	0.69		ICHR
	IPGP	UCTT	ONTO	COHU	LRCX	AMAT	ASML	ACLS	ENTG	ICHR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ACLS	+ 0.96	IPGP
ACLS	+ 0.92	COHU
COHU	+ 0.91	IPGP
AMAT	+ 0.91	ONTO
AMAT	+ 0.8	UCTT
ONTO	+ 0.79	UCTT

High negative correlations

LRCX	- 0.27	COHU
LRCX	- 0.26	IPGP
ACLS	- 0.24	LRCX

Risk-Adjusted Indicators

There is a big difference between Teradyne Stock performing well and Teradyne 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 Teradyne'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
IPGP	1.76	(0.27)	0.00	(0.35)	0.00	0.00	3.60	(4.31)	9.93
UCTT	2.79	(0.42)	0.00	(0.59)	0.00	0.00	4.52	(5.78)	32.72
ONTO	2.73	(0.13)	0.00	(0.19)	0.00	0.00	5.89	(6.63)	21.06
COHU	2.25	(0.59)	0.00	(0.73)	0.00	0.00	3.10	(6.87)	14.30
LRCX	2.15	0.15	0.05	0.05	2.79	(2.15)	4.45	(5.09)	14.02
AMAT	1.89	(0.04)	0.00	(0.13)	0.00	0.00	3.78	(3.76)	12.72
ASML	1.75	0.14	0.07	0.10	2.30	(1.89)	3.42	(3.37)	14.29
ACLS	1.93	(0.32)	0.00	(0.48)	0.00	0.00	3.46	(5.01)	18.06
ENTG	2.09	(0.02)	0.00	(0.11)	0.00	0.00	3.84	(5.19)	11.25
ICHR	2.83	(0.12)	0.00	(0.18)	0.00	0.00	4.80	(5.46)	24.85

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC