Advanced Energy Correlations

AEIS Stock

USD 115.04 0.47 0.41%

The current 90-days correlation between Advanced Energy Indu and MKS Instruments is 0.63 (i.e., Poor diversification). The correlation of Advanced Energy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Advanced Energy Correlation With Market

Poor diversification

The correlation between Advanced Energy Industries and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Energy Industries and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Energy Industries. 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 Advanced Stock

0.72	CAN	Canaan Inc Buyout Trend	Pair Corr
0.84	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	LSCC	Lattice Semiconductor	Pair Corr
0.86	RMBS	Rambus Inc	Pair Corr
0.88	SITM	Sitime	Pair Corr
0.92	S	SentinelOne	Pair Corr
0.76	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.66	FN	Fabrinet	Pair Corr
0.7	IT	Gartner	Pair Corr
0.69	KD	Kyndryl Holdings	Pair Corr
0.79	NN	Nextnav Acquisition Corp	Pair Corr
0.83	ZM	Zoom Video Communications	Pair Corr
0.81	FICO	Fair Isaac	Pair Corr
0.78	APP	Applovin Corp	Pair Corr
0.62	AUR	Aurora Innovation Sell-off Trend	Pair Corr
0.89	CRM	Salesforce Earnings Call This Week	Pair Corr
0.83	FROG	Jfrog	Pair Corr
0.88	GLW	Corning Incorporated	Pair Corr
0.82	HPQ	HP Inc	Pair Corr
0.93	JBL	Jabil Circuit	Pair Corr

Moving against Advanced Stock

0.71	QRVO	Qorvo Inc	Pair Corr
0.65	SWKS	Skyworks Solutions	Pair Corr
0.55	MPWR	Monolithic Power Systems	Pair Corr
0.53	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.52	AMKR	Amkor Technology	Pair Corr
0.5	MCHP	Microchip Technology	Pair Corr
0.6	CDW	CDW Corp	Pair Corr
0.38	ZENV	Zenvia Inc Tech Boost	Pair Corr
0.33	INFY	Infosys Ltd ADR	Pair Corr

Related Correlations Analysis

	MKSI	ACLS	ENTG	COHU	AAON
MKSI		0.03	0.43	0.29	0.22	MKSI
ACLS	0.03		0.79	-0.37	-0.83	ACLS
ENTG	0.43	0.79		-0.12	-0.51	ENTG
COHU	0.29	-0.37	-0.12		0.56	COHU
AAON	0.22	-0.83	-0.51	0.56		AAON
	MKSI	ACLS	ENTG	COHU	AAON

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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

ENTG	+ 0.79	ACLS
AAON	+ 0.56	COHU
ENTG	+ 0.43	MKSI
COHU	+ 0.29	MKSI
AAON	+ 0.22	MKSI
ACLS	+ 0.03	MKSI

High negative correlations

AAON	- 0.83	ACLS
AAON	- 0.51	ENTG
COHU	- 0.37	ACLS
COHU	- 0.12	ENTG

Risk-Adjusted Indicators

There is a big difference between Advanced Stock performing well and Advanced Energy 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 Advanced Energy'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
MKSI	2.18	(0.23)	(0.04)	0.00	3.22	(2.14)	4.95	(3.85)	18.54
ACLS	1.98	(0.82)	0.00	(0.26)	0.00	0.00	3.87	(5.37)	14.28
ENTG	1.96	(0.27)	0.00	(0.05)	0.00	0.00	3.08	(4.09)	12.71
COHU	2.12	(0.18)	(0.02)	0.04	2.41	(2.41)	4.44	(3.97)	14.26
AAON	1.83	0.37	0.27	0.32	1.33	(2.24)	5.70	(2.44)	19.22

Advanced Energy Corporate Management

Elizabeth JD	General VP	Profile
John Donaghey	Executive Sales	Profile
YeukFai Mok	VP Relations	Profile
Kevin Fairbairn	Sr Devel	Profile
Emdrem Tan	Executive Power	Profile

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