FormFactor Correlations

FORM Stock  USD 34.09  0.15  0.44%   
The current 90-days correlation between FormFactor and Silicon Laboratories is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FormFactor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FormFactor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FormFactor Correlation With Market

Very weak diversification

The correlation between FormFactor and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FormFactor 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 FormFactor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in FormFactor Stock, please use our How to Invest in FormFactor guide.

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Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between FormFactor Stock performing well and FormFactor 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 FormFactor'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.

FormFactor Corporate Management