Camtek Correlations

CAMT Stock

USD 92.51 0.58 0.63%

The current 90-days correlation between Camtek and Onto Innovation is 0.52 (i.e., Very weak diversification). The correlation of Camtek 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.

Camtek Correlation With Market

Very weak diversification

The correlation between Camtek and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Camtek and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Camtek Stock

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0.75	AMBA	Ambarella	Pair Corr
0.86	AVGO	Broadcom Aggressive Push	Pair Corr
0.87	TSEM	Tower Semiconductor	Pair Corr
0.8	VRRM	Verra Mobility Corp	Pair Corr
0.86	ENLV	Enlivex Therapeutics	Pair Corr
0.83	FRGE	Forge Global Holdings	Pair Corr
0.84	IBM	International Business Earnings Call This Week	Pair Corr
0.86	LPL	LG Display Earnings Call This Week	Pair Corr
0.84	GILT	Gilat Satellite Networks	Pair Corr
0.76	ITRN	Ituran Location	Pair Corr
0.88	LITE	Lumentum Holdings	Pair Corr
0.63	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.84	MSFT	Microsoft	Pair Corr
0.84	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.92	RDWR	Radware	Pair Corr
0.66	RGTI	Rigetti Computing Trending	Pair Corr
0.93	AAOI	Applied Opt	Pair Corr

Moving against Camtek Stock

0.81	ARQQW	Arqit Quantum Warrants	Pair Corr
0.71	QMCO	Quantum	Pair Corr
0.33	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	ONTO	ASYS	VECO	ICHR	AEHR	NVMI	ACLS	COHU	KLIC	ENTG
ONTO		-0.51	-0.52	0.14	-0.45	-0.37	-0.66	-0.57	-0.48	0.02	ONTO
ASYS	-0.51		0.63	0.53	0.91	0.91	0.84	0.83	0.8	0.52	ASYS
VECO	-0.52	0.63		0.47	0.74	0.69	0.84	0.87	0.81	0.65	VECO
ICHR	0.14	0.53	0.47		0.67	0.71	0.45	0.59	0.62	0.84	ICHR
AEHR	-0.45	0.91	0.74	0.67		0.96	0.87	0.89	0.85	0.68	AEHR
NVMI	-0.37	0.91	0.69	0.71	0.96		0.85	0.88	0.87	0.73	NVMI
ACLS	-0.66	0.84	0.84	0.45	0.87	0.85		0.92	0.93	0.61	ACLS
COHU	-0.57	0.83	0.87	0.59	0.89	0.88	0.92		0.91	0.7	COHU
KLIC	-0.48	0.8	0.81	0.62	0.85	0.87	0.93	0.91		0.74	KLIC
ENTG	0.02	0.52	0.65	0.84	0.68	0.73	0.61	0.7	0.74		ENTG
	ONTO	ASYS	VECO	ICHR	AEHR	NVMI	ACLS	COHU	KLIC	ENTG

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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

NVMI	+ 0.96	AEHR
KLIC	+ 0.93	ACLS
COHU	+ 0.92	ACLS
AEHR	+ 0.91	ASYS
NVMI	+ 0.91	ASYS
KLIC	+ 0.91	COHU

High negative correlations

ACLS	- 0.66	ONTO
COHU	- 0.57	ONTO
VECO	- 0.52	ONTO
ASYS	- 0.51	ONTO
KLIC	- 0.48	ONTO
AEHR	- 0.45	ONTO

Risk-Adjusted Indicators

There is a big difference between Camtek Stock performing well and Camtek 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 Camtek's 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
ONTO	2.66	(0.45)	0.00	(0.12)	0.00	0.00	5.06	(5.13)	35.49
ASYS	2.64	0.18	0.07	0.29	2.73	(3.24)	6.03	(6.11)	20.26
VECO	2.11	(0.04)	0.03	0.11	2.11	(2.44)	5.35	(3.48)	13.89
ICHR	3.08	0.15	0.06	0.19	4.81	(3.21)	8.28	(5.50)	33.78
AEHR	3.64	0.70	0.21	0.43	3.52	(4.20)	9.25	(5.17)	26.55
NVMI	2.35	0.47	0.22	0.46	1.98	(2.90)	6.60	(3.03)	15.15
ACLS	2.32	0.71	0.20	(2.57)	2.20	(2.68)	6.44	(4.54)	13.36
COHU	2.13	0.28	0.16	0.30	1.90	(2.47)	6.05	(3.61)	13.20
KLIC	1.70	0.32	0.10	(2.14)	1.53	(1.94)	3.88	(2.79)	9.61
ENTG	2.41	0.14	0.09	0.21	2.58	(2.71)	7.58	(5.08)	15.55

Camtek Corporate Management

Orit Dvash	Vice Resources	Profile
Moshe Eisenberg	Chief Officer	Profile
Ramy Langer	Chief Officer	Profile
Shimon Koren	Chief Officer	Profile
Omri Katz	Vice Support	Profile

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