Axcelis Technologies Correlations

ACLS Stock

USD 74.84 0.41 0.54%

The current 90-days correlation between Axcelis Technologies and Photronics is -0.06 (i.e., Good diversification). The correlation of Axcelis 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.

Axcelis Technologies Correlation With Market

Very weak diversification

The correlation between Axcelis Technologies and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axcelis Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axcelis Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axcelis 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 bureau of economic analysis.

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

Moving together with Axcelis Stock

0.93	MU	Micron Technology	Pair Corr
0.88	VECO	Veeco Instruments	Pair Corr
0.65	ENTG	Entegris Earnings Call This Week	Pair Corr
0.92	AMD	Advanced Micro Devices	Pair Corr
0.96	TER	Teradyne Earnings Call This Week	Pair Corr
0.96	TSM	Taiwan Semiconductor	Pair Corr
0.79	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.97	KLAC	KLA Tencor	Pair Corr
0.9	KLIC	Kulicke and Soffa Earnings Call Next Week	Pair Corr
0.97	LRCX	Lam Research Corp Earnings Call This Week	Pair Corr
0.91	MRVL	Marvell Technology	Pair Corr
0.95	NVDA	NVIDIA	Pair Corr
0.86	NVMI	Nova	Pair Corr
0.83	AEHR	Aehr Test Systems Trending	Pair Corr
0.94	AMAT	Applied Materials Sell-off Trend	Pair Corr
0.84	ASML	ASML Holding NV	Pair Corr
0.86	ASYS	Amtech Systems	Pair Corr
0.94	AVGO	Broadcom	Pair Corr
0.89	AXTI	AXT Inc Earnings Call This Week	Pair Corr
0.94	COHU	Cohu Inc Earnings Call Next Week	Pair Corr
0.76	UCTT	Ultra Clean Holdings	Pair Corr
0.91	HPE	Hewlett Packard Ente	Pair Corr
0.94	IBM	International Business	Pair Corr
0.93	JBL	Jabil Circuit	Pair Corr
0.93	VNT	Vontier Corp Earnings Call Next Week	Pair Corr
0.85	VPG	Vishay Precision	Pair Corr
0.71	ZETA	Zeta Global Holdings Earnings Call This Week	Pair Corr

Moving against Axcelis Stock

0.59	ONTO	Onto Innovation	Pair Corr
0.62	FCUV	Focus Universal	Pair Corr
0.61	HTCR	HeartCore Enterprises	Pair Corr
0.52	INTA	Intapp Inc Potential Growth	Pair Corr
0.39	IMTE	Integrated Media Tec Tech Boost	Pair Corr

Related Correlations Analysis

	INTT	LRCX	PLAB	INDI	KLIC	UCTT	COHU	ASYS	AMAT	KLAC
INTT		0.83	0.11	0.85	0.8	0.72	0.83	0.87	0.82	0.84	INTT
LRCX	0.83		0.34	0.94	0.92	0.78	0.96	0.9	0.96	0.99	LRCX
PLAB	0.11	0.34		0.27	0.48	0.47	0.33	0.16	0.46	0.33	PLAB
INDI	0.85	0.94	0.27		0.87	0.78	0.88	0.89	0.94	0.93	INDI
KLIC	0.8	0.92	0.48	0.87		0.77	0.91	0.82	0.95	0.92	KLIC
UCTT	0.72	0.78	0.47	0.78	0.77		0.84	0.72	0.84	0.77	UCTT
COHU	0.83	0.96	0.33	0.88	0.91	0.84		0.87	0.92	0.96	COHU
ASYS	0.87	0.9	0.16	0.89	0.82	0.72	0.87		0.87	0.89	ASYS
AMAT	0.82	0.96	0.46	0.94	0.95	0.84	0.92	0.87		0.95	AMAT
KLAC	0.84	0.99	0.33	0.93	0.92	0.77	0.96	0.89	0.95		KLAC
	INTT	LRCX	PLAB	INDI	KLIC	UCTT	COHU	ASYS	AMAT	KLAC

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Risk-Adjusted Indicators

There is a big difference between Axcelis Stock performing well and Axcelis 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 Axcelis 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
INTT	2.49	0.38	0.05	(163.02)	2.72	(2.77)	6.42	(4.95)	17.10
LRCX	1.56	0.38	0.29	0.49	0.98	(1.91)	4.39	(2.14)	13.15
PLAB	1.81	0.22	(0.01)	(0.53)	3.09	(1.97)	4.09	(3.67)	21.52
INDI	4.13	1.66	0.28	(1.13)	3.39	(5.34)	10.07	(6.69)	22.18
KLIC	1.67	0.35	0.06	(1.17)	1.39	(1.96)	3.88	(2.34)	9.61
UCTT	2.79	0.04	0.08	0.22	3.35	(3.18)	8.15	(4.43)	23.72
COHU	2.15	0.18	0.14	0.31	1.85	(2.57)	6.05	(3.61)	13.20
ASYS	2.68	0.28	0.10	0.43	2.71	(3.19)	6.03	(6.11)	20.26
AMAT	1.56	0.56	0.17	(1.15)	1.22	(1.91)	4.12	(2.25)	13.20
KLAC	1.57	0.29	0.18	0.44	1.34	(1.80)	4.21	(2.43)	13.31

Axcelis Technologies Corporate Management

William Bintz	Executive VP of Product Devel., Engineering and Marketing	Profile
Douglas Lawson	Executive VP of Corporate Marketing and Strategy	Profile
Eileen Esq	Executive Counsel	Profile
Gerald Blumenstock	Executive Engineering	Profile
Christopher Tatnall	Executive Operations	Profile
JD Esq	Executive Legal	Profile
David Ryzhik	Senior Strategy	Profile

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