KLA Tencor Correlations

KLAC Stock

USD 789.06 31.89 4.21%

The current 90-days correlation between KLA Tencor and Applied Materials is 0.96 (i.e., Almost no 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 0.83 (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

0.78	MU	Micron Technology	Pair Corr
0.92	AMD	Advanced Micro Devices	Pair Corr
0.92	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.94	NVDA	NVIDIA Earnings Call Tomorrow	Pair Corr
0.92	AVGO	Broadcom Aggressive Push	Pair Corr
0.66	HPQ	HP Inc Earnings Call Today	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr
0.88	AXP	American Express	Pair Corr
0.74	MMM	3M Company	Pair Corr
0.85	JPM	JPMorgan Chase	Pair Corr
0.81	MSFT	Microsoft	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.84	BAC	Bank of America	Pair Corr
0.82	BA	Boeing Sell-off Trend	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.82	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	AMAT	ASML	ACLS	TER	LRCX	ENTG	IPGP	AEHR	PLAB	KLIC
AMAT		0.92	0.89	0.55	0.95	0.48	0.7	0.8	0.68	0.67	AMAT
ASML	0.92		0.93	0.55	0.96	0.56	0.8	0.74	0.78	0.68	ASML
ACLS	0.89	0.93		0.64	0.94	0.63	0.74	0.72	0.83	0.75	ACLS
TER	0.55	0.55	0.64		0.59	0.87	0.4	0.73	0.74	0.93	TER
LRCX	0.95	0.96	0.94	0.59		0.58	0.83	0.77	0.82	0.73	LRCX
ENTG	0.48	0.56	0.63	0.87	0.58		0.55	0.66	0.86	0.94	ENTG
IPGP	0.7	0.8	0.74	0.4	0.83	0.55		0.48	0.82	0.6	IPGP
AEHR	0.8	0.74	0.72	0.73	0.77	0.66	0.48		0.67	0.83	AEHR
PLAB	0.68	0.78	0.83	0.74	0.82	0.86	0.82	0.67		0.88	PLAB
KLIC	0.67	0.68	0.75	0.93	0.73	0.94	0.6	0.83	0.88		KLIC
	AMAT	ASML	ACLS	TER	LRCX	ENTG	IPGP	AEHR	PLAB	KLIC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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	2.35	0.03	0.00	(0.07)	0.00	0.00	4.64	(6.32)	23.79
ASML	2.14	0.15	0.04	0.02	3.02	(2.17)	3.54	(6.59)	22.49
ACLS	2.77	0.06	0.00	(0.05)	0.00	0.00	6.44	(7.53)	22.10
TER	2.77	(0.40)	0.00	(0.29)	0.00	0.00	5.62	(8.48)	25.89
LRCX	2.66	0.11	0.00	(0.03)	0.00	0.00	5.26	(6.58)	24.61
ENTG	3.30	(0.26)	0.00	(0.19)	0.00	0.00	5.18	(6.25)	36.94
IPGP	2.73	0.23	0.04	0.04	4.19	(2.66)	5.41	(5.39)	28.70
AEHR	3.85	(0.14)	0.00	(0.15)	0.00	0.00	7.02	(8.14)	36.40
PLAB	1.98	(0.05)	0.00	(0.12)	0.00	0.00	3.72	(4.03)	23.00
KLIC	2.32	(0.25)	0.00	(0.24)	0.00	0.00	3.22	(5.41)	24.63

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

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