KLA Tencor Correlations

KLAC Stock

USD 1,085 54.97 4.82%

The current 90-days correlation between KLA Tencor and Applied Materials is 0.78 (i.e., Poor diversification). The correlation of KLA Tencor 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.

KLA Tencor Correlation With Market

Average diversification

The correlation between KLA Tencor and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KLA Tencor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with KLA Stock

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

For information on how to trade KLA Stock refer to our How to Trade KLA Stock guide.

Moving together with KLA Stock

0.77	INTC	Intel Aggressive Push	Pair Corr
0.63	SEDG	SolarEdge Technologies	Pair Corr
0.67	CSIQ	Canadian Solar	Pair Corr
0.83	EONR	EON Resources	Pair Corr
0.62	UI	Ubiquiti Networks	Pair Corr
0.79	WAFU	Wah Fu Education	Pair Corr
0.73	RR	Richtech Robotics Class Trending	Pair Corr
0.84	SSVFF	Southern Silver Expl	Pair Corr

Moving against KLA Stock

0.67	PPERY	Bank Mandiri Persero	Pair Corr
0.57	PBCRY	Bank Central Asia	Pair Corr
0.45	PBCRF	PT Bank Central	Pair Corr
0.45	PTAIF	PT Astra International	Pair Corr
0.45	BASFY	BASF SE ADR	Pair Corr

Related Correlations Analysis

	AMAT	ASML	ACLS	TER	LRCX	ENTG	IPGP	AEHR	PLAB	KLIC
AMAT		0.64	0.29	0.26	0.65	0.61	-0.03	0.19	0.16	0.37	AMAT
ASML	0.64		0.66	0.61	0.97	0.71	0.53	0.57	0.61	0.89	ASML
ACLS	0.29	0.66		0.82	0.66	0.44	0.44	0.87	0.86	0.84	ACLS
TER	0.26	0.61	0.82		0.62	0.27	0.53	0.84	0.86	0.68	TER
LRCX	0.65	0.97	0.66	0.62		0.68	0.54	0.59	0.61	0.86	LRCX
ENTG	0.61	0.71	0.44	0.27	0.68		0.35	0.46	0.44	0.66	ENTG
IPGP	-0.03	0.53	0.44	0.53	0.54	0.35		0.56	0.68	0.68	IPGP
AEHR	0.19	0.57	0.87	0.84	0.59	0.46	0.56		0.91	0.73	AEHR
PLAB	0.16	0.61	0.86	0.86	0.61	0.44	0.68	0.91		0.8	PLAB
KLIC	0.37	0.89	0.84	0.68	0.86	0.66	0.68	0.73	0.8		KLIC
	AMAT	ASML	ACLS	TER	LRCX	ENTG	IPGP	AEHR	PLAB	KLIC

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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

LRCX	+ 0.97	ASML
PLAB	+ 0.91	AEHR
KLIC	+ 0.89	ASML
AEHR	+ 0.87	ACLS
PLAB	+ 0.86	ACLS
PLAB	+ 0.86	TER

High negative correlations

IPGP

- 0.03

AMAT

Risk-Adjusted Indicators

There is a big difference between KLA Stock performing well and KLA Tencor 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 KLA Tencor'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
AMAT	1.77	0.13	0.04	0.22	2.98	(1.92)	4.12	(2.84)	16.89
ASML	1.66	0.33	0.12	0.49	2.18	(1.75)	3.63	(2.73)	10.35
ACLS	2.12	0.20	0.09	0.21	2.22	(2.47)	5.01	(4.54)	15.25
TER	2.08	0.65	0.34	0.76	1.53	(2.64)	6.29	(2.87)	22.10
LRCX	1.76	0.48	0.16	0.55	2.28	(1.82)	3.62	(3.98)	10.68
ENTG	2.13	0.00	0.02	0.06	3.30	(2.29)	5.15	(3.00)	17.63
IPGP	1.70	0.11	0.07	0.13	1.98	(1.70)	3.83	(3.34)	8.22
AEHR	5.60	0.95	0.20	0.40	5.07	(7.49)	11.32	(9.28)	43.62
PLAB	2.00	0.18	0.11	0.15	2.01	(2.37)	6.75	(3.00)	11.49
KLIC	1.76	0.06	0.05	0.11	1.57	(2.21)	4.70	(2.60)	12.39

KLA Tencor Corporate Management

Virendra Kirloskar	Chief Accounting Officer and Sr. VP	Profile
Becky Howland	Sr Communications	Profile
Oreste Donzella	Packaging Electronics	Profile
Kevin CFA	Vice Relations	Profile

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