Cohu Correlations

COHU Stock

USD 16.88 0.03 0.18%

The current 90-days correlation between Cohu Inc and Photronics is 0.77 (i.e., Poor diversification). The correlation of Cohu 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.

Cohu Correlation With Market

Poor diversification

The correlation between Cohu Inc and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohu Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cohu Stock

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

Moving together with Cohu Stock

0.97	CAN	Canaan Inc	Pair Corr
0.81	LAES	SEALSQ Corp Aggressive Push	Pair Corr
0.94	S	SentinelOne	Pair Corr
0.72	BB	BlackBerry Aggressive Push	Pair Corr
0.83	DOCN	DigitalOcean Holdings	Pair Corr
0.87	VERI	Veritone	Pair Corr
0.96	VRAR	Glimpse Group	Pair Corr
0.8	VRNS	Varonis Systems	Pair Corr
0.93	VRNT	Verint Systems	Pair Corr
0.83	EVLV	Evolv Technologies Buyout Trend	Pair Corr
0.92	WKEY	Wisekey International Earnings Call Shortly	Pair Corr
0.78	FFIV	F5 Networks Earnings Call Shortly	Pair Corr
0.94	FIVN	Five9 Inc Earnings Call Shortly	Pair Corr
0.78	BOX	Box Inc	Pair Corr
0.81	DBX	Dropbox	Pair Corr
0.66	GEN	Gen Digital	Pair Corr
0.89	HPQ	HP Inc Sell-off Trend	Pair Corr
0.85	IOT	Samsara	Pair Corr
0.92	MDB	MongoDB	Pair Corr
0.74	NET	Cloudflare Earnings Call Shortly	Pair Corr
0.67	PAY	Paymentus Holdings	Pair Corr
0.95	RPD	Rapid7 Inc	Pair Corr
0.89	RXT	Rackspace Technology	Pair Corr
0.89	STX	Seagate Technology PLC	Pair Corr

Moving against Cohu Stock

0.83	VRSN	VeriSign Buyout Trend	Pair Corr
0.55	GB	Global Blue Group	Pair Corr
0.34	MQ	Marqeta	Pair Corr
0.77	MLGO	MicroAlgo Tech Boost	Pair Corr

Related Correlations Analysis

	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP
ONTO		0.85	0.93	0.9	0.71	0.73	0.93	0.61	0.94	0.85	ONTO
PLAB	0.85		0.86	0.94	0.88	0.94	0.95	0.84	0.93	0.92	PLAB
UCTT	0.93	0.86		0.89	0.84	0.8	0.93	0.68	0.95	0.77	UCTT
ACLS	0.9	0.94	0.89		0.84	0.89	0.97	0.76	0.95	0.88	ACLS
ICHR	0.71	0.88	0.84	0.84		0.96	0.88	0.83	0.87	0.67	ICHR
ENTG	0.73	0.94	0.8	0.89	0.96		0.9	0.85	0.88	0.77	ENTG
KLIC	0.93	0.95	0.93	0.97	0.88	0.9		0.79	0.98	0.87	KLIC
ASYS	0.61	0.84	0.68	0.76	0.83	0.85	0.79		0.79	0.7	ASYS
VECO	0.94	0.93	0.95	0.95	0.87	0.88	0.98	0.79		0.85	VECO
IPGP	0.85	0.92	0.77	0.88	0.67	0.77	0.87	0.7	0.85		IPGP
	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP

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Risk-Adjusted Indicators

There is a big difference between Cohu Stock performing well and Cohu 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 Cohu'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ONTO	3.63	(0.41)	(0.32)	6.90	(11.22)	37.80
PLAB	1.89	(0.13)	(0.23)	3.38	(4.03)	23.00
UCTT	3.72	(0.35)	(0.32)	6.96	(9.15)	32.72
ACLS	2.84	(0.23)	(0.29)	5.73	(7.57)	22.10
ICHR	3.99	0.00	(0.14)	7.19	(8.47)	35.85
ENTG	3.21	0.05	(0.12)	4.56	(6.24)	36.94
KLIC	2.27	(0.28)	(0.31)	3.22	(5.41)	24.63
ASYS	2.51	(0.47)	(0.84)	4.14	(6.42)	33.50
VECO	2.43	(0.26)	(0.34)	3.63	(6.07)	19.04
IPGP	2.53	(0.15)	(0.23)	5.05	(5.39)	23.67

Cohu Corporate Management

Emily Lough	VP Counsel	Profile
Ian Lawee	VP Group	Profile
Anna Aguirre	Chief Officer	Profile
Klaus Ilgenfritz	Chief Officer	Profile

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