Axcelis Technologies Correlations

ACLS Stock  USD 72.85  1.99  2.66%   
The current 90-days correlation between Axcelis Technologies and Photronics is 0.6 (i.e., Poor 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 0.47 (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.
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.

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
INTT  2.51  0.34  0.03 (53.58) 2.77 
 6.42 
 17.10 
LRCX  1.56  0.77  0.27 (1.32) 0.98 
 4.39 
 13.15 
PLAB  1.82 (0.21)(0.01) 0.11  3.18 
 4.09 
 21.52 
INDI  4.19  0.84  0.27  0.57  3.44 
 10.07 
 22.18 
KLIC  1.69 (0.10) 0.01  0.17  1.42 
 3.88 
 9.61 
UCTT  2.84 (0.16) 0.06  0.17  3.41 
 8.15 
 23.72 
COHU  2.15  0.56  0.13 (3.77) 1.85 
 6.05 
 13.20 
ASYS  2.68  0.72  0.10 (0.65) 2.71 
 6.03 
 20.26 
AMAT  1.54  0.23  0.17  0.42  1.21 
 4.12 
 13.20 
KLAC  1.53  0.29  0.19  0.47  1.28 
 4.21 
 13.31 

Axcelis Technologies Corporate Management

William BintzExecutive VP of Product Devel., Engineering and MarketingProfile
Douglas LawsonExecutive VP of Corporate Marketing and StrategyProfile
Eileen EsqExecutive CounselProfile
Gerald BlumenstockExecutive EngineeringProfile
Christopher TatnallExecutive OperationsProfile
JD EsqExecutive LegalProfile
David RyzhikSenior StrategyProfile