Entegris Correlations

ENTG Stock

USD 68.90 9.58 12.21%

The current 90-days correlation between Entegris and Applied Materials is -0.09 (i.e., Good diversification). The correlation of Entegris 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.

Entegris Correlation With Market

Very poor diversification

The correlation between Entegris and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entegris and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.

Moving together with Entegris Stock

0.71	DIOD	Diodes Incorporated	Pair Corr
0.73	DQ	Daqo New Energy	Pair Corr
0.85	MU	Micron Technology	Pair Corr
0.85	MX	MagnaChip Semiconductor	Pair Corr
0.66	NA	Nano Labs	Pair Corr
0.74	ON	ON Semiconductor	Pair Corr
0.7	VECO	Veeco Instruments	Pair Corr
0.82	WOLF	Wolfspeed	Pair Corr
0.76	ADI	Analog Devices	Pair Corr
0.69	AIP	Arteris	Pair Corr
0.7	AMD	Advanced Micro Devices	Pair Corr
0.82	ARM	Arm Holdings plc	Pair Corr
0.93	ASX	ASE Industrial Holding	Pair Corr
0.68	CAN	Canaan Inc	Pair Corr
0.69	FORM	FormFactor	Pair Corr
0.83	GFS	Globalfoundries	Pair Corr
0.86	ICG	Intchains Group	Pair Corr
0.61	JKS	JinkoSolar Holding	Pair Corr
0.62	MXL	MaxLinear	Pair Corr
0.75	XPER	Xperi Corp	Pair Corr
0.73	STM	STMicroelectronics NV ADR	Pair Corr
0.72	TER	Teradyne	Pair Corr
0.8	TSM	Taiwan Semiconductor Earnings Call This Week	Pair Corr
0.77	TXN	Texas Instruments	Pair Corr
0.73	GCTS	GCT Semiconductor Holding	Pair Corr
0.78	GSIT	GSI Technology	Pair Corr
0.77	HIMX	Himax Technologies	Pair Corr
0.91	ICHR	Ichor Holdings	Pair Corr
0.86	IMOS	ChipMOS Technologies	Pair Corr
0.72	INDI	indie Semiconductor Buyout Trend	Pair Corr

Moving against Entegris Stock

0.7

LEDS

SemiLEDS

Pair Corr

Related Correlations Analysis

	AMAT	ASML	ACLS	LRCX	ENTG	IPGP	PLAB	KLIC
AMAT		0.74	0.84	0.69	0.78	0.74	0.87	0.91	AMAT
ASML	0.74		0.75	0.87	0.93	0.65	0.72	0.71	ASML
ACLS	0.84	0.75		0.6	0.75	0.88	0.9	0.95	ACLS
LRCX	0.69	0.87	0.6		0.92	0.47	0.59	0.59	LRCX
ENTG	0.78	0.93	0.75	0.92		0.61	0.74	0.73	ENTG
IPGP	0.74	0.65	0.88	0.47	0.61		0.89	0.84	IPGP
PLAB	0.87	0.72	0.9	0.59	0.74	0.89		0.95	PLAB
KLIC	0.91	0.71	0.95	0.59	0.73	0.84	0.95		KLIC
	AMAT	ASML	ACLS	LRCX	ENTG	IPGP	PLAB	KLIC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Entegris Stock performing well and Entegris 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 Entegris' 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
AMAT	2.15	(0.33)	(9.60)	3.81	(6.52)	12.82
ASML	2.16	0.09	(0.01)	4.29	(5.75)	14.42
ACLS	2.62	(0.40)	(0.33)	3.98	(7.57)	18.06
LRCX	2.61	0.13	(0.01)	4.63	(6.32)	19.04
ENTG	2.72	(0.10)	(0.12)	4.10	(5.83)	21.59
IPGP	2.32	(0.18)	(0.19)	4.60	(4.64)	18.77
PLAB	1.60	(0.50)	(2.54)	2.42	(3.69)	15.12
KLIC	1.86	(0.76)	(7.59)	2.73	(5.03)	16.40

Entegris Corporate Executives

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

Linda LaGorga	Senior CFO	Profile
Gregory Graves	CFO, Executive VP and Treasurer	Profile
James ONeill	Senior CTO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC