KLA Tencor Correlations

KLAC Stock

USD 919.22 6.60 0.72%

The current 90-days correlation between KLA Tencor and Exchange Bankshares is 0.18 (i.e., Average 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

Very poor diversification

The correlation between KLA Tencor 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 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

0.97	DIOD	Diodes Incorporated	Pair Corr
0.98	MU	Micron Technology	Pair Corr
0.86	MX	MagnaChip Semiconductor	Pair Corr
0.73	NA	Nano Labs	Pair Corr
0.97	ON	ON Semiconductor	Pair Corr
0.65	INTC	Intel Aggressive Push	Pair Corr
0.97	MCHP	Microchip Technology	Pair Corr
0.92	MPWR	Monolithic Power Systems	Pair Corr
0.87	MRAM	Everspin Technologies	Pair Corr
0.94	MRVL	Marvell Technology	Pair Corr
0.96	MTSI	MACOM Technology Sol	Pair Corr
0.96	MCHPP	Microchip Technology	Pair Corr
0.9	NVEC	NVE Corporation Earnings Call This Week	Pair Corr
0.97	NVDA	NVIDIA	Pair Corr
0.84	NVTS	Navitas Semiconductor	Pair Corr
0.93	QCOM	Qualcomm Incorporated	Pair Corr
0.9	ALGM	Allegro Microsystems	Pair Corr
0.93	KD	Kyndryl Holdings	Pair Corr
0.81	UI	Ubiquiti Networks	Pair Corr
0.76	EPAM	EPAM Systems	Pair Corr
0.86	WKEY	Wisekey International Downward Rally	Pair Corr
0.96	IBM	International Business	Pair Corr
0.92	MGIC	Magic Software Enter	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.85	NABL	N Able Inc	Pair Corr
0.86	NYAX	Nayax Downward Rally	Pair Corr
0.92	SHOP	Shopify Class A	Pair Corr
0.96	CSCO	Cisco Systems	Pair Corr

Moving against KLA Stock

0.61	WOLF	Wolfspeed Buyout Trend	Pair Corr
0.32	MOBX	Mobix Labs	Pair Corr
0.71	FI	Fiserv,	Pair Corr
0.74	BRK-A	Berkshire Hathaway	Pair Corr
0.73	BRK-B	Berkshire Hathaway Sell-off Trend	Pair Corr
0.39	NOTE	FiscalNote Holdings	Pair Corr

Related Correlations Analysis

	UUGWF	EXCH	PWWRF	CMWAY	CMS-PC	VGAS	ATO	SPNT
UUGWF		0.78	0.0	0.83	0.53	0.06	0.18	0.71	UUGWF
EXCH	0.78		0.0	0.82	0.13	0.21	0.23	0.81	EXCH
PWWRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PWWRF
CMWAY	0.83	0.82	0.0		0.37	0.19	0.14	0.84	CMWAY
CMS-PC	0.53	0.13	0.0	0.37		-0.07	0.23	0.36	CMS-PC
VGAS	0.06	0.21	0.0	0.19	-0.07		0.21	0.14	VGAS
ATO	0.18	0.23	0.0	0.14	0.23	0.21		0.16	ATO
SPNT	0.71	0.81	0.0	0.84	0.36	0.14	0.16		SPNT
	UUGWF	EXCH	PWWRF	CMWAY	CMS-PC	VGAS	ATO	SPNT

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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

SPNT	+ 0.84	CMWAY
CMWAY	+ 0.83	UUGWF
CMWAY	+ 0.82	EXCH
SPNT	+ 0.81	EXCH
EXCH	+ 0.78	UUGWF
SPNT	+ 0.71	UUGWF

High negative correlations

VGAS	- 0.07	CMS-PC
SPNT	- 0.0	PWWRF
ATO	- 0.0	PWWRF
VGAS	- 0.0	PWWRF
CMS-PC	- 0.0	PWWRF
CMWAY	- 0.0	PWWRF

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
UUGWF	0.67	0.24	0.00	(3.09)	0.00	0.00	2.84	0.00	11.75
EXCH	1.19	0.36	0.09	1.52	0.91	(3.17)	5.17	(2.15)	12.13
PWWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMWAY	1.65	0.21	0.09	0.27	2.17	(1.65)	2.66	(3.34)	16.30
CMS-PC	0.58	0.03	(0.03)	0.25	0.81	(0.59)	1.14	(1.27)	3.68
VGAS	3.60	0.16	0.01	(0.35)	4.18	(4.11)	7.37	(6.41)	27.01
ATO	0.86	(0.02)	0.00	(0.23)	0.00	0.00	1.83	(1.86)	5.20
SPNT	1.67	0.09	0.04	0.17	2.01	(2.00)	5.67	(3.44)	11.29

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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