Cohu Correlations

COHU Stock

USD 27.07 0.42 1.58%

The current 90-days correlation between Cohu Inc and Onto Innovation is 0.47 (i.e., Very weak 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

Very weak diversification

The correlation between Cohu Inc and DJI is 0.55 (i.e., Very weak 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.

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

0.63	ICHR	Ichor Holdings	Pair Corr
0.72	KLIC	Kulicke and Soffa	Pair Corr
0.7	PLAB	Photronics Fiscal Year End 11th of December 2024	Pair Corr
0.71	IPGP	IPG Photonics	Pair Corr
0.66	ASAN	Asana Inc Sell-off Trend	Pair Corr

Moving against Cohu Stock

0.5	BKRKY	Bank Rakyat	Pair Corr
0.44	ICG	Intchains Group	Pair Corr
0.42	TER	Teradyne	Pair Corr
0.33	CDW	CDW Corp	Pair Corr
0.55	PPERY	Bank Mandiri Persero	Pair Corr
0.54	KO	Coca Cola Aggressive Push	Pair Corr
0.53	VZ	Verizon Communications Aggressive Push	Pair Corr
0.53	PG	Procter Gamble	Pair Corr
0.51	TLK	Telkom Indonesia Tbk	Pair Corr
0.47	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.46	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.44	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.42	PPERF	Bank Mandiri Persero	Pair Corr
0.4	BKRKF	PT Bank Rakyat	Pair Corr
0.36	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP
ONTO		-0.02	0.46	0.79	-0.29	0.61	-0.26	0.31	0.8	-0.11	ONTO
PLAB	-0.02		0.66	-0.11	0.84	0.19	0.72	-0.16	0.1	0.53	PLAB
UCTT	0.46	0.66		0.26	0.59	0.38	0.49	-0.08	0.48	0.33	UCTT
ACLS	0.79	-0.11	0.26		-0.23	0.83	-0.59	0.68	0.93	-0.48	ACLS
ICHR	-0.29	0.84	0.59	-0.23		0.12	0.66	-0.1	-0.03	0.36	ICHR
ENTG	0.61	0.19	0.38	0.83	0.12		-0.31	0.66	0.82	-0.33	ENTG
KLIC	-0.26	0.72	0.49	-0.59	0.66	-0.31		-0.65	-0.35	0.87	KLIC
ASYS	0.31	-0.16	-0.08	0.68	-0.1	0.66	-0.65		0.62	-0.74	ASYS
VECO	0.8	0.1	0.48	0.93	-0.03	0.82	-0.35	0.62		-0.32	VECO
IPGP	-0.11	0.53	0.33	-0.48	0.36	-0.33	0.87	-0.74	-0.32		IPGP
	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP

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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

VECO	+ 0.93	ACLS
IPGP	+ 0.87	KLIC
ICHR	+ 0.84	PLAB
ENTG	+ 0.83	ACLS
VECO	+ 0.82	ENTG
VECO	+ 0.8	ONTO

High negative correlations

IPGP	- 0.74	ASYS
ASYS	- 0.65	KLIC
KLIC	- 0.59	ACLS
IPGP	- 0.48	ACLS
VECO	- 0.35	KLIC
IPGP	- 0.33	ENTG

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ONTO	2.52	(0.56)	0.00	(0.16)	0.00	0.00	5.66	(5.73)	20.62
PLAB	1.75	(0.16)	(0.02)	0.04	2.35	(1.83)	3.86	(3.85)	11.66
UCTT	2.51	(0.19)	(0.02)	0.02	3.13	(2.82)	5.13	(5.21)	20.10
ACLS	1.99	(0.81)	0.00	(0.27)	0.00	0.00	3.87	(5.37)	14.28
ICHR	2.53	(0.06)	0.03	0.09	2.86	(2.82)	4.28	(5.22)	21.12
ENTG	2.03	(0.27)	0.00	(0.06)	0.00	0.00	3.08	(4.09)	12.71
KLIC	1.89	0.00	0.05	0.12	2.26	(1.92)	4.74	(3.03)	11.34
ASYS	1.88	(0.20)	0.00	(0.66)	0.00	0.00	3.57	(4.33)	10.29
VECO	1.78	(0.67)	0.00	(0.23)	0.00	0.00	3.96	(4.58)	12.77
IPGP	1.69	(0.03)	0.03	0.10	1.83	(1.82)	4.46	(3.32)	11.69

Cohu Corporate Executives

Elected by the shareholders, the Cohu's board of directors comprises two types of representatives: Cohu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cohu. The board's role is to monitor Cohu's management team and ensure that shareholders' interests are well served. Cohu's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cohu's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jeffrey CPA	Senior CFO	Profile
	Jeffrey Jones	CFO, VP of Fin. and Secretary	Profile

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