Arteris Correlations

AIP Stock

USD 6.04 0.52 7.93%

The current 90-days correlation between Arteris and Airsculpt Technologies is 0.29 (i.e., Modest diversification). The correlation of Arteris 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.

Arteris Correlation With Market

Poor diversification

The correlation between Arteris and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arteris 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 Arteris. 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.

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

Moving together with Arteris Stock

0.95	DIOD	Diodes Incorporated	Pair Corr
0.64	MU	Micron Technology	Pair Corr
0.95	NA	Nano Labs	Pair Corr
0.94	ON	ON Semiconductor	Pair Corr
0.93	PI	Impinj Inc	Pair Corr
0.94	VECO	Veeco Instruments	Pair Corr
0.67	ENPH	Enphase Energy	Pair Corr
0.69	ENTG	Entegris	Pair Corr
0.69	WOLF	Wolfspeed	Pair Corr
0.9	AMD	Advanced Micro Devices	Pair Corr
0.84	ARM	Arm Holdings plc	Pair Corr
0.78	ASX	ASE Industrial Holding	Pair Corr
0.96	CAN	Canaan Inc	Pair Corr
0.96	FORM	FormFactor	Pair Corr
0.84	CVV	CVD Equipment	Pair Corr
0.92	FSLR	First Solar	Pair Corr
0.81	GFS	Globalfoundries	Pair Corr
0.85	FTCI	FTC Solar	Pair Corr
0.78	ICG	Intchains Group	Pair Corr
0.97	MXL	MaxLinear	Pair Corr
0.9	XPER	Xperi Corp	Pair Corr
0.95	TER	Teradyne	Pair Corr
0.95	TSM	Taiwan Semiconductor Earnings Call This Week	Pair Corr
0.9	VLN	Valens	Pair Corr
0.93	GCTS	GCT Semiconductor Holding	Pair Corr
0.81	GSIT	GSI Technology	Pair Corr
0.74	ICHR	Ichor Holdings	Pair Corr
0.66	IMOS	ChipMOS Technologies	Pair Corr
0.94	INDI	indie Semiconductor Buyout Trend	Pair Corr

Moving against Arteris Stock

0.75	LEDS	SemiLEDS	Pair Corr
0.58	UMC	United Microelectronics	Pair Corr

Related Correlations Analysis

	FORTY	EMITF	AMPL	AIRS	ENFN
FORTY		0.0	0.72	0.11	0.62	FORTY
EMITF	0.0		0.0	0.0	0.0	EMITF
AMPL	0.72	0.0		0.44	0.63	AMPL
AIRS	0.11	0.0	0.44		-0.12	AIRS
ENFN	0.62	0.0	0.63	-0.12		ENFN
	FORTY	EMITF	AMPL	AIRS	ENFN

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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

AMPL	+ 0.72	FORTY
ENFN	+ 0.63	AMPL
ENFN	+ 0.62	FORTY
AIRS	+ 0.44	AMPL
AIRS	+ 0.11	FORTY
EMITF	+ 0.0	FORTY

High negative correlations

ENFN	- 0.12	AIRS
ENFN	- 0.0	EMITF
AIRS	- 0.0	EMITF
AMPL	- 0.0	EMITF
EMITF	- 0.0	FORTY

Risk-Adjusted Indicators

There is a big difference between Arteris Stock performing well and Arteris 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 Arteris' 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
FORTY	1.48	0.11	0.08	0.25	1.57	(2.21)	4.48	(3.22)	10.25
EMITF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMPL	3.19	0.02	0.00	(0.07)	0.00	0.00	5.69	(5.86)	33.30
AIRS	4.37	(1.28)	0.00	(0.94)	0.00	0.00	8.11	(11.45)	26.90
ENFN	0.88	0.17	0.17	0.24	1.00	(1.14)	2.53	(1.35)	12.48

Arteris Corporate Management

Kurt Shuler	VP Marketing	Profile
Evin Kebebew	Corporate Controller	Profile
Laurent Moll	Chief Officer	Profile
Michal Siwinski	Chief Officer	Profile
Christel MauffetSmith	Executive Sales	Profile
Ken Way	Executive Sales	Profile
Nicholas FCA	VP CFO	Profile

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