Correlation Between TTM Technologies and Vicor

Can any of the company-specific risk be diversified away by investing in both TTM Technologies and Vicor at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining TTM Technologies and Vicor into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between TTM Technologies and Vicor, you can compare the effects of market volatilities on TTM Technologies and Vicor and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in TTM Technologies with a short position of Vicor. Check out your portfolio center. Please also check ongoing floating volatility patterns of TTM Technologies and Vicor.

Diversification Opportunities for TTM Technologies and Vicor

0.67

Correlation Coefficient

TTM Technologies  Vicor

Poor diversification

The 3 months correlation between TTM and Vicor is 0.67. Overlapping area represents the amount of risk that can be diversified away by holding TTM Technologies and Vicor in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vicor and TTM Technologies is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on TTM Technologies are associated (or correlated) with Vicor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vicor has no effect on the direction of TTM Technologies i.e., TTM Technologies and Vicor go up and down completely randomly.

Pair Corralation between TTM Technologies and Vicor

Given the investment horizon of 90 days TTM Technologies is expected to generate 0.95 times more return on investment than Vicor. However, TTM Technologies is 1.05 times less risky than Vicor. It trades about 0.31 of its potential returns per unit of risk. Vicor is currently generating about 0.06 per unit of risk. If you would invest  2,491  in TTM Technologies on May 5, 2025 and sell it today you would earn a total of  1,843  from holding TTM Technologies or generate 73.99% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

TTM Technologies  vs.  Vicor

TTM Technologies

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in TTM Technologies are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating primary indicators, TTM Technologies demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Vicor

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Vicor are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Even with relatively uncertain fundamental indicators, Vicor may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with TTM Technologies and Vicor

The main advantage of trading using opposite TTM Technologies and Vicor positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if TTM Technologies position performs unexpectedly, Vicor can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vicor will offset losses from the drop in Vicor's long position.

The idea behind TTM Technologies and Vicor pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.