Cohu Correlations

COHU Stock

USD 25.98 0.13 0.50%

The current 90-days correlation between Cohu Inc and Onto Innovation is 0.46 (i.e., Very weak diversification). The correlation of Cohu 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.

Cohu Correlation With Market

Very weak diversification

The correlation between Cohu Inc and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohu Inc 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 Cohu Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Cohu Stock

0.74	RMBS	Rambus Inc	Pair Corr
0.65	S	SentinelOne	Pair Corr
0.65	ZM	Zoom Video Communications	Pair Corr
0.62	JBL	Jabil Circuit	Pair Corr

Moving against Cohu Stock

0.51	QRVO	Qorvo Inc	Pair Corr
0.46	MX	MagnaChip Semiconductor Tech Boost	Pair Corr
0.33	MPWR	Monolithic Power Systems	Pair Corr
0.33	SWKS	Skyworks Solutions	Pair Corr
0.31	AMKR	Amkor Technology	Pair Corr
0.37	CDW	CDW Corp	Pair Corr
0.37	INFY	Infosys Ltd ADR	Pair Corr

Related Correlations Analysis

	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP
ONTO		-0.08	0.4	0.81	-0.36	0.59	-0.31	0.28	0.83	-0.12	ONTO
PLAB	-0.08		0.66	-0.17	0.84	0.16	0.73	-0.2	0.05	0.54	PLAB
UCTT	0.4	0.66		0.19	0.59	0.34	0.51	-0.16	0.43	0.35	UCTT
ACLS	0.81	-0.17	0.19		-0.33	0.8	-0.62	0.64	0.93	-0.49	ACLS
ICHR	-0.36	0.84	0.59	-0.33		0.07	0.69	-0.17	-0.14	0.39	ICHR
ENTG	0.59	0.16	0.34	0.8	0.07		-0.32	0.63	0.81	-0.33	ENTG
KLIC	-0.31	0.73	0.51	-0.62	0.69	-0.32		-0.68	-0.39	0.86	KLIC
ASYS	0.28	-0.2	-0.16	0.64	-0.17	0.63	-0.68		0.55	-0.77	ASYS
VECO	0.83	0.05	0.43	0.93	-0.14	0.81	-0.39	0.55		-0.32	VECO
IPGP	-0.12	0.54	0.35	-0.49	0.39	-0.33	0.86	-0.77	-0.32		IPGP
	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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

VECO	+ 0.93	ACLS
IPGP	+ 0.86	KLIC
ICHR	+ 0.84	PLAB
VECO	+ 0.83	ONTO
ACLS	+ 0.81	ONTO
VECO	+ 0.81	ENTG

High negative correlations

IPGP	- 0.77	ASYS
ASYS	- 0.68	KLIC
KLIC	- 0.62	ACLS
IPGP	- 0.49	ACLS
VECO	- 0.39	KLIC
ICHR	- 0.36	ONTO

Risk-Adjusted Indicators

There is a big difference between Cohu Stock performing well and Cohu 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 Cohu'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
ONTO	2.51	(0.58)	0.00	(0.17)	0.00	0.00	5.66	(5.73)	20.62
PLAB	1.78	(0.19)	(0.03)	0.02	2.41	(1.88)	3.86	(3.96)	11.66
UCTT	2.50	(0.17)	(0.02)	0.03	3.10	(2.82)	5.13	(5.21)	20.10
ACLS	1.98	(0.84)	0.00	(0.28)	0.00	0.00	3.87	(5.37)	14.28
ICHR	2.59	(0.12)	0.01	0.06	3.04	(2.82)	4.28	(5.22)	21.13
ENTG	1.99	(0.30)	0.00	(0.08)	0.00	0.00	3.08	(4.09)	12.71
KLIC	1.95	(0.05)	0.02	0.09	2.43	(1.97)	4.74	(3.06)	11.34
ASYS	1.87	(0.23)	0.00	(0.64)	0.00	0.00	3.57	(4.31)	10.29
VECO	1.77	(0.58)	0.00	(0.19)	0.00	0.00	3.96	(3.97)	12.77
IPGP	1.68	(0.01)	0.03	0.11	1.86	(1.78)	4.46	(3.32)	11.69

Cohu Corporate Executives

Elected by the shareholders, the Cohu's board of directors comprises two types of representatives: Cohu inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cohu. The board's role is to monitor Cohu's management team and ensure that shareholders' interests are well served. Cohu's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cohu's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jeffrey CPA	Senior CFO	Profile
	Jeffrey Jones	CFO, VP of Fin. and Secretary	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

2024 Macroaxis LLC