BE Semiconductor Correlations

BESVF Stock

USD 118.20 2.50 2.07%

The current 90-days correlation between BE Semiconductor Ind and Ultra Clean Holdings is -0.07 (i.e., Good diversification). The correlation of BE Semiconductor 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.

BE Semiconductor Correlation With Market

Significant diversification

The correlation between BE Semiconductor Industries and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BE Semiconductor Industries and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BE Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BE Semiconductor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BE Semiconductor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BE Semiconductor Industries to buy it.

Moving together with BESVF Pink Sheet

0.61	ASMLF	ASML Holding NV	Pair Corr
0.61	ASML	ASML Holding NV Fiscal Year End 22nd of January 2025	Pair Corr
0.63	ASMXF	ASM International	Pair Corr

Moving against BESVF Pink Sheet

0.44	BMYMP	Bristol Myers Squibb	Pair Corr
0.41	FSTF	First State Financial	Pair Corr
0.4	DDD	3D Systems	Pair Corr
0.34	STR	Sitio Royalties Corp	Pair Corr

Related Correlations Analysis

	UCTT	ASYS	VECO	COHU	ONTO	ICHR	ENTG	KLIC	PLAB	IPGP
UCTT		-0.19	0.41	0.31	0.36	0.59	0.33	0.53	0.67	0.37	UCTT
ASYS	-0.19		0.52	-0.43	0.28	-0.21	0.61	-0.69	-0.22	-0.78	ASYS
VECO	0.41	0.52		-0.21	0.84	-0.17	0.79	-0.4	0.03	-0.32	VECO
COHU	0.31	-0.43	-0.21		-0.29	0.62	-0.12	0.75	0.71	0.76	COHU
ONTO	0.36	0.28	0.84	-0.29		-0.39	0.58	-0.32	-0.1	-0.12	ONTO
ICHR	0.59	-0.21	-0.17	0.62	-0.39		0.05	0.71	0.85	0.4	ICHR
ENTG	0.33	0.61	0.79	-0.12	0.58	0.05		-0.32	0.16	-0.32	ENTG
KLIC	0.53	-0.69	-0.4	0.75	-0.32	0.71	-0.32		0.74	0.86	KLIC
PLAB	0.67	-0.22	0.03	0.71	-0.1	0.85	0.16	0.74		0.54	PLAB
IPGP	0.37	-0.78	-0.32	0.76	-0.12	0.4	-0.32	0.86	0.54		IPGP
	UCTT	ASYS	VECO	COHU	ONTO	ICHR	ENTG	KLIC	PLAB	IPGP

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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

IPGP	+ 0.86	KLIC
PLAB	+ 0.85	ICHR
ONTO	+ 0.84	VECO
ENTG	+ 0.79	VECO
IPGP	+ 0.76	COHU
KLIC	+ 0.75	COHU

High negative correlations

IPGP	- 0.78	ASYS
KLIC	- 0.69	ASYS
COHU	- 0.43	ASYS
KLIC	- 0.4	VECO
ICHR	- 0.39	ONTO
IPGP	- 0.32	ENTG

Risk-Adjusted Indicators

There is a big difference between BESVF Pink Sheet performing well and BE Semiconductor 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 BE Semiconductor'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	2.54	(0.15)	(0.01)	0.05	3.14	(2.81)	5.13	(5.21)	20.10
ASYS	1.85	(0.26)	0.00	(0.63)	0.00	0.00	3.57	(4.31)	11.72
VECO	1.77	(0.57)	0.00	(0.17)	0.00	0.00	3.96	(3.97)	12.77
COHU	2.12	(0.18)	(0.02)	0.04	2.41	(2.41)	4.44	(3.97)	14.26
ONTO	2.51	(0.55)	0.00	(0.14)	0.00	0.00	5.66	(5.73)	20.62
ICHR	2.61	(0.12)	0.01	0.08	3.08	(2.79)	4.28	(5.22)	21.13
ENTG	1.96	(0.27)	0.00	(0.05)	0.00	0.00	3.08	(4.09)	12.71
KLIC	1.94	(0.02)	0.04	0.12	2.36	(1.97)	4.74	(3.06)	11.34
PLAB	1.81	(0.19)	(0.02)	0.03	2.40	(1.94)	3.86	(3.96)	11.66
IPGP	1.69	(0.02)	0.03	0.11	1.86	(1.80)	4.46	(3.32)	11.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in BE Semiconductor without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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