Axcelis Technologies Correlations

Stocks . USA . 
Stock . Axcelis Technologies
ACLS Stock  USD 75.25  0.71  0.95%   
The current 90-days correlation between Axcelis Technologies and SolarEdge Technologies is 0.1 (i.e., Average 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.
  
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For more information on how to buy Axcelis Stock please use our How to Invest in Axcelis Technologies guide.

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Related Correlations Analysis

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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   
CSIQ
+ 0.86
SEDG
RUN
+ 0.79
FSLR
CRWD
+ 0.79
CSIQ
FSLR
+ 0.74
SEDG
CSIQ
+ 0.72
FSLR
RUN
+ 0.66
SEDG
  
High negative correlations   
CRWD
- 0.16
SPWR
SPWR
- 0.04
SEDG

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.

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
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