InTest Correlations

INTT Stock

USD 7.32 0.12 1.67%

The current 90-days correlation between inTest and indie Semiconductor is 0.16 (i.e., Average diversification). The correlation of InTest 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.

InTest Correlation With Market

Significant diversification

The correlation between inTest and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding inTest and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with InTest Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in inTest. 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 information on how to buy InTest Stock please use our How to Invest in InTest guide.

Moving together with InTest Stock

0.84	MU	Micron Technology	Pair Corr
0.82	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.82	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.71	INTC	Intel Earnings Call This Week	Pair Corr
0.81	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.8	NVDA	NVIDIA Aggressive Push	Pair Corr
0.92	NVMI	Nova	Pair Corr
0.73	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.77	AVGO	Broadcom Aggressive Push	Pair Corr
0.71	TSEM	Tower Semiconductor	Pair Corr
0.9	CAMT	Camtek	Pair Corr
0.73	VRRM	Verra Mobility Corp	Pair Corr
0.74	ENLV	Enlivex Therapeutics	Pair Corr
0.79	FRGE	Forge Global Holdings	Pair Corr
0.82	IBM	International Business Earnings Call This Week	Pair Corr
0.82	LPL	LG Display Earnings Call This Week	Pair Corr
0.73	GILT	Gilat Satellite Networks	Pair Corr
0.78	LITE	Lumentum Holdings	Pair Corr
0.73	MSFT	Microsoft	Pair Corr
0.84	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.9	RDWR	Radware	Pair Corr
0.78	AAOI	Applied Opt	Pair Corr

Moving against InTest Stock

0.78	ARQQW	Arqit Quantum Warrants	Pair Corr
0.33	MAPSW	WM Technology	Pair Corr
0.73	QMCO	Quantum	Pair Corr
0.32	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	ACLS	LRCX	PLAB	INDI	NVMI	ONTO	KLIC	ICHR	CAMT	ASYS
ACLS		0.96	0.42	0.93	0.86	-0.64	0.93	0.46	0.88	0.8	ACLS
LRCX	0.96		0.4	0.97	0.9	-0.65	0.91	0.48	0.89	0.87	LRCX
PLAB	0.42	0.4		0.31	0.2	-0.23	0.45	0.32	0.28	0.15	PLAB
INDI	0.93	0.97	0.31		0.92	-0.61	0.88	0.53	0.91	0.89	INDI
NVMI	0.86	0.9	0.2	0.92		-0.37	0.88	0.7	0.98	0.9	NVMI
ONTO	-0.64	-0.65	-0.23	-0.61	-0.37		-0.48	0.14	-0.36	-0.5	ONTO
KLIC	0.93	0.91	0.45	0.88	0.88	-0.48		0.67	0.9	0.75	KLIC
ICHR	0.46	0.48	0.32	0.53	0.7	0.14	0.67		0.73	0.52	ICHR
CAMT	0.88	0.89	0.28	0.91	0.98	-0.36	0.9	0.73		0.85	CAMT
ASYS	0.8	0.87	0.15	0.89	0.9	-0.5	0.75	0.52	0.85		ASYS
	ACLS	LRCX	PLAB	INDI	NVMI	ONTO	KLIC	ICHR	CAMT	ASYS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

CAMT	+ 0.98	NVMI
INDI	+ 0.97	LRCX
LRCX	+ 0.96	ACLS
INDI	+ 0.93	ACLS
KLIC	+ 0.93	ACLS
NVMI	+ 0.92	INDI

High negative correlations

ONTO	- 0.65	LRCX
ONTO	- 0.64	ACLS
ONTO	- 0.61	INDI
ASYS	- 0.5	ONTO
KLIC	- 0.48	ONTO
ONTO	- 0.37	NVMI

Risk-Adjusted Indicators

There is a big difference between InTest Stock performing well and InTest 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 InTest'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
ACLS	2.32	0.44	0.20	0.43	2.20	(2.68)	6.44	(4.54)	13.36
LRCX	1.59	0.65	0.29	(10.33)	1.16	(1.90)	4.39	(2.14)	13.15
PLAB	1.77	0.18	0.00	(0.78)	3.07	(1.92)	4.09	(3.67)	21.52
INDI	4.09	1.51	0.30	(2.65)	3.30	(5.32)	9.89	(6.69)	21.76
NVMI	2.39	0.47	0.23	0.47	1.97	(2.95)	6.60	(3.03)	15.15
ONTO	2.65	(0.45)	0.00	(0.10)	0.00	0.00	5.06	(5.13)	35.49
KLIC	1.70	0.11	0.09	0.23	1.53	(1.94)	3.88	(2.79)	9.61
ICHR	3.08	0.19	0.07	0.22	4.86	(3.21)	8.28	(5.50)	33.78
CAMT	2.13	0.50	0.23	0.56	1.70	(2.39)	6.68	(3.61)	11.93
ASYS	2.67	0.44	0.07	(1.02)	2.76	(3.22)	6.03	(6.11)	20.26

InTest Corporate Management

Joe McManus	Division Test	Profile
Susan Dawson	Finance Manager	Profile
Duncan Gilmour	Treasurer CFO	Profile
Joseph McManus	Division Test	Profile
Meghan Moseley	Vice Resources	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

2025 Macroaxis LLC