Entegris Correlations

ENTG Stock

USD 79.12 0.53 0.67%

The current 90-days correlation between Entegris and Teradyne is -0.15 (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

Good diversification

The correlation between Entegris and DJI is -0.09 (i.e., Good 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.

Build AI portfolio with Entegris Stock

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

0.91	DIOD	Diodes Incorporated Earnings Call This Week	Pair Corr
0.9	DQ	Daqo New Energy	Pair Corr
0.93	MU	Micron Technology	Pair Corr
0.94	MX	MagnaChip Semiconductor	Pair Corr
0.78	NA	Nano Labs	Pair Corr
0.9	ON	ON Semiconductor	Pair Corr
0.76	PI	Impinj Inc	Pair Corr
0.89	VECO	Veeco Instruments Earnings Call This Week	Pair Corr
0.79	ENPH	Enphase Energy Sell-off Trend	Pair Corr
0.91	WOLF	Wolfspeed Aggressive Push	Pair Corr
0.86	ADI	Analog Devices	Pair Corr
0.83	AIP	Arteris	Pair Corr
0.84	AMD	Advanced Micro Devices Earnings Call This Week	Pair Corr
0.84	ARM	Arm Holdings plc	Pair Corr
0.96	ASX	ASE Industrial Holding	Pair Corr
0.8	CAN	Canaan Inc	Pair Corr
0.88	FORM	FormFactor	Pair Corr
0.65	CVV	CVD Equipment	Pair Corr
0.66	FSLR	First Solar	Pair Corr
0.88	GFS	Globalfoundries	Pair Corr
0.94	ICG	Intchains Group Tech Boost	Pair Corr
0.91	JKS	JinkoSolar Holding	Pair Corr
0.79	MXL	MaxLinear	Pair Corr
0.92	XPER	Xperi Corp	Pair Corr
0.78	STM	STMicroelectronics NV ADR	Pair Corr
0.87	TER	Teradyne	Pair Corr
0.75	TRT	Trio Tech International	Pair Corr
0.85	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.88	TXN	Texas Instruments	Pair Corr
0.91	GCTS	GCT Semiconductor Holding	Pair Corr
0.92	HIMX	Himax Technologies Earnings Call This Week	Pair Corr
0.94	ICHR	Ichor Holdings Earnings Call This Week	Pair Corr
0.93	IMOS	ChipMOS Technologies Earnings Call This Week	Pair Corr
0.77	INDI	indie Semiconductor	Pair Corr

Moving against Entegris Stock

0.63	LEDS	SemiLEDS	Pair Corr
0.43	UMC	United Microelectronics Aggressive Push	Pair Corr

Related Correlations Analysis

	TER	ICHR	ASYS	VECO	KLAC	IPGP	LRCX	AMAT	COHU	KLIC
TER		0.91	0.78	0.91	0.8	0.71	0.85	0.88	0.92	0.95	TER
ICHR	0.91		0.83	0.9	0.88	0.69	0.95	0.85	0.85	0.91	ICHR
ASYS	0.78	0.83		0.8	0.63	0.66	0.77	0.6	0.64	0.78	ASYS
VECO	0.91	0.9	0.8		0.83	0.77	0.87	0.9	0.91	0.95	VECO
KLAC	0.8	0.88	0.63	0.83		0.76	0.96	0.91	0.85	0.88	KLAC
IPGP	0.71	0.69	0.66	0.77	0.76		0.75	0.78	0.77	0.83	IPGP
LRCX	0.85	0.95	0.77	0.87	0.96	0.75		0.87	0.83	0.9	LRCX
AMAT	0.88	0.85	0.6	0.9	0.91	0.78	0.87		0.96	0.94	AMAT
COHU	0.92	0.85	0.64	0.91	0.85	0.77	0.83	0.96		0.96	COHU
KLIC	0.95	0.91	0.78	0.95	0.88	0.83	0.9	0.94	0.96		KLIC
	TER	ICHR	ASYS	VECO	KLAC	IPGP	LRCX	AMAT	COHU	KLIC

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TER	2.76	(0.41)	0.00	(0.36)	0.00	0.00	3.99	(8.48)	25.89
ICHR	3.94	0.05	0.00	(0.12)	0.00	0.00	7.19	(7.94)	35.85
ASYS	2.46	(0.43)	0.00	(0.76)	0.00	0.00	4.14	(6.42)	33.50
VECO	2.30	(0.35)	0.00	2.89	0.00	0.00	3.63	(5.12)	19.04
KLAC	2.36	0.25	0.04	0.00	3.42	(2.23)	4.62	(5.33)	23.93
IPGP	2.48	0.08	0.00	(0.09)	0.00	0.00	5.05	(5.39)	23.67
LRCX	2.67	0.30	0.04	0.01	3.90	(2.62)	5.26	(6.58)	24.61
AMAT	2.33	0.07	0.00	(0.10)	0.00	0.00	4.59	(7.04)	23.78
COHU	2.83	(0.19)	0.00	(0.27)	0.00	0.00	4.89	(7.70)	20.09
KLIC	2.20	(0.13)	0.00	(0.22)	0.00	0.00	3.22	(5.41)	24.63

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

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