Amtech Systems Correlations

ASYS Stock

USD 4.68 0.02 0.43%

The current 90-days correlation between Amtech Systems and Aehr Test Systems is 0.21 (i.e., Modest diversification). The correlation of Amtech Systems 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.

Amtech Systems Correlation With Market

Modest diversification

The correlation between Amtech Systems 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 Amtech Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amtech Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amtech Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Amtech Stock

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0.81	IBM	International Business	Pair Corr
0.71	LGL	LGL Group	Pair Corr
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Moving against Amtech Stock

0.86	MPTI	M tron Industries, Tech Boost	Pair Corr
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0.32	CRM	Salesforce	Pair Corr

Related Correlations Analysis

	AEHR	AXTI	ICHR	IPGP	NVMI	PLAB	VECO
AEHR		0.86	0.6	0.85	0.82	0.2	0.6	AEHR
AXTI	0.86		0.63	0.87	0.92	0.15	0.72	AXTI
ICHR	0.6	0.63		0.55	0.72	0.38	0.46	ICHR
IPGP	0.85	0.87	0.55		0.84	0.27	0.78	IPGP
NVMI	0.82	0.92	0.72	0.84		0.15	0.66	NVMI
PLAB	0.2	0.15	0.38	0.27	0.15		0.48	PLAB
VECO	0.6	0.72	0.46	0.78	0.66	0.48		VECO
	AEHR	AXTI	ICHR	IPGP	NVMI	PLAB	VECO

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Risk-Adjusted Indicators

There is a big difference between Amtech Stock performing well and Amtech Systems 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 Amtech Systems' 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
AEHR	4.09	0.99	0.33	0.52	3.27	(4.92)	10.35	(5.17)	26.55
AXTI	4.22	0.36	0.18	0.31	4.20	(5.00)	10.19	(6.45)	33.42
ICHR	3.11	(0.31)	0.03	0.11	4.62	(3.36)	8.28	(5.50)	33.78
IPGP	1.72	0.15	0.12	0.27	2.32	(1.83)	3.78	(1.89)	18.19
NVMI	2.40	0.33	0.20	0.41	1.82	(3.07)	6.60	(3.03)	15.15
PLAB	1.82	(0.19)	0.00	0.10	3.18	(1.92)	4.09	(3.67)	21.52
VECO	2.04	(0.14)	0.03	0.13	1.84	(2.50)	5.35	(3.47)	13.89

Amtech Systems Corporate Management

Louis Golato	Vice Operations	Profile
Shashi Gupta	Senior Solutions	Profile
Wade Jenke	Chief Officer	Profile
Paul Lancaster	Vice Development	Profile

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