Kulicke Correlations

KLIC Stock

USD 48.46 1.76 3.77%

The current 90-days correlation between Kulicke and Soffa and Ultra Clean Holdings is 0.68 (i.e., Poor diversification). The correlation of Kulicke 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.

Kulicke Correlation With Market

Poor diversification

The correlation between Kulicke and Soffa and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kulicke and Soffa and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kulicke Stock

0.61	JKS	JinkoSolar Holding	Pair Corr
0.86	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.81	S	SentinelOne	Pair Corr
0.7	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.63	ZS	Zscaler Earnings Call This Week	Pair Corr
0.72	ENFN	Enfusion	Pair Corr
0.7	ANY	Sphere 3D Corp	Pair Corr
0.86	CRM	Salesforce Earnings Call This Week	Pair Corr
0.85	HPQ	HP Inc	Pair Corr
0.85	LIF	Life360, Common Stock	Pair Corr
0.76	NET	Cloudflare Buyout Trend	Pair Corr
0.79	XNET	Xunlei Ltd Adr	Pair Corr
0.74	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Kulicke Stock

0.67	ENPH	Enphase Energy	Pair Corr
0.58	VRRM	Verra Mobility Corp	Pair Corr
0.55	VCSA	Vacasa Inc	Pair Corr
0.51	ACLS	Axcelis Technologies	Pair Corr
0.48	SEDG	SolarEdge Technologies	Pair Corr
0.46	FSLR	First Solar	Pair Corr
0.46	AMKR	Amkor Technology	Pair Corr
0.68	VHC	VirnetX Holding Corp	Pair Corr
0.64	FRGT	Freight Technologies	Pair Corr
0.48	CDW	CDW Corp	Pair Corr

Related Correlations Analysis

	UCTT	ICHR	ENTG	ASYS	NVMI	ACLS	COHU	PLAB	AEHR	LRCX
UCTT		0.61	0.42	0.02	0.53	0.39	0.33	0.64	0.15	0.75	UCTT
ICHR	0.61		0.19	0.02	0.35	-0.02	0.62	0.82	-0.32	0.39	ICHR
ENTG	0.42	0.19		0.68	0.82	0.88	0.01	0.21	0.15	0.81	ENTG
ASYS	0.02	0.02	0.68		0.67	0.74	-0.16	-0.12	0.19	0.44	ASYS
NVMI	0.53	0.35	0.82	0.67		0.84	0.16	0.29	0.25	0.86	NVMI
ACLS	0.39	-0.02	0.88	0.74	0.84		-0.13	0.0	0.37	0.77	ACLS
COHU	0.33	0.62	0.01	-0.16	0.16	-0.13		0.68	0.05	0.23	COHU
PLAB	0.64	0.82	0.21	-0.12	0.29	0.0	0.68		-0.11	0.41	PLAB
AEHR	0.15	-0.32	0.15	0.19	0.25	0.37	0.05	-0.11		0.22	AEHR
LRCX	0.75	0.39	0.81	0.44	0.86	0.77	0.23	0.41	0.22		LRCX
	UCTT	ICHR	ENTG	ASYS	NVMI	ACLS	COHU	PLAB	AEHR	LRCX

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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

ACLS	+ 0.88	ENTG
LRCX	+ 0.86	NVMI
ACLS	+ 0.84	NVMI
PLAB	+ 0.82	ICHR
NVMI	+ 0.82	ENTG
LRCX	+ 0.81	ENTG

High negative correlations

AEHR	- 0.32	ICHR
COHU	- 0.16	ASYS
COHU	- 0.13	ACLS
PLAB	- 0.12	ASYS
AEHR	- 0.11	PLAB
ACLS	- 0.02	ICHR

Risk-Adjusted Indicators

There is a big difference between Kulicke Stock performing well and Kulicke 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 Kulicke'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
UCTT	2.53	(0.22)	0.00	(0.03)	0.00	0.00	5.13	(5.21)	20.10
ICHR	2.51	(0.12)	0.00	0.03	3.02	(2.76)	4.03	(5.22)	21.12
ENTG	2.06	(0.28)	0.00	(0.10)	0.00	0.00	3.08	(4.09)	12.71
ASYS	1.91	(0.14)	0.00	(0.75)	0.00	0.00	3.76	(4.33)	10.29
NVMI	2.47	(0.53)	0.00	(0.20)	0.00	0.00	5.57	(7.05)	17.04
ACLS	2.01	(0.84)	0.00	(0.32)	0.00	0.00	3.99	(5.37)	14.28
COHU	2.15	(0.18)	(0.04)	0.00	2.38	(2.54)	4.44	(3.93)	13.72
PLAB	1.80	(0.11)	(0.01)	0.03	2.35	(1.93)	3.93	(3.85)	12.23
AEHR	3.63	(0.42)	0.00	(0.10)	0.00	0.00	8.40	(6.98)	34.55
LRCX	2.03	(0.39)	0.00	(0.22)	0.00	0.00	4.39	(4.31)	16.34

Kulicke Corporate Management

Lester Wong	Sr. VP of Legal Affairs and General Counsel	Profile
Lisa Lim	Vice Resources	Profile
Zi Lim	Interim Affairs	Profile
Joseph Elgindy	Director Planning	Profile

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