Entegris Correlations

ENTG Stock

USD 105.63 0.67 0.64%

The current 90-days correlation between Entegris and Teradyne is 0.71 (i.e., Poor diversification). The correlation of Entegris 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.

Entegris Correlation With Market

Very weak diversification

The correlation between Entegris and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entegris and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entegris. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.

Moving together with Entegris Stock

0.74	ON	ON Semiconductor	Pair Corr
0.61	ADI	Analog Devices	Pair Corr
0.73	MCHP	Microchip Technology	Pair Corr
0.61	QRVO	Qorvo Inc	Pair Corr
0.71	AMKR	Amkor Technology	Pair Corr
0.61	SLAB	Silicon Laboratories	Pair Corr
0.68	SWKS	Skyworks Solutions	Pair Corr
0.65	CDW	CDW Corp	Pair Corr

Moving against Entegris Stock

0.48	RMBS	Rambus Inc	Pair Corr
0.44	SITM	Sitime	Pair Corr
0.42	CAN	Canaan Inc Buyout Trend	Pair Corr
0.31	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.62	NN	Nextnav Acquisition Corp	Pair Corr
0.56	FICO	Fair Isaac	Pair Corr
0.56	APP	Applovin Corp	Pair Corr
0.56	CRM	Salesforce Earnings Call This Week	Pair Corr
0.52	S	SentinelOne	Pair Corr
0.52	ZM	Zoom Video Communications	Pair Corr
0.42	IT	Gartner	Pair Corr
0.39	KD	Kyndryl Holdings	Pair Corr
0.38	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.37	EPAM	EPAM Systems	Pair Corr
0.6	IONQ	IONQ Inc Upward Rally	Pair Corr
0.57	GTLB	Gitlab Inc Earnings Call This Week	Pair Corr
0.55	FROG	Jfrog	Pair Corr
0.54	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.52	TTD	Trade Desk	Pair Corr
0.51	HUBS	HubSpot	Pair Corr

Related Correlations Analysis

	TER	ICHR	ASYS	VECO	KLAC	IPGP	LRCX	AMAT	COHU	KLIC
TER		-0.29	0.61	0.89	0.88	-0.57	0.65	0.7	-0.5	-0.61	TER
ICHR	-0.29		-0.21	-0.17	-0.15	0.4	0.11	0.03	0.62	0.71	ICHR
ASYS	0.61	-0.21		0.52	0.55	-0.78	0.24	0.15	-0.43	-0.69	ASYS
VECO	0.89	-0.17	0.52		0.95	-0.32	0.83	0.82	-0.21	-0.4	VECO
KLAC	0.88	-0.15	0.55	0.95		-0.4	0.88	0.85	-0.31	-0.45	KLAC
IPGP	-0.57	0.4	-0.78	-0.32	-0.4		0.02	0.04	0.76	0.86	IPGP
LRCX	0.65	0.11	0.24	0.83	0.88	0.02		0.96	0.03	-0.05	LRCX
AMAT	0.7	0.03	0.15	0.82	0.85	0.04	0.96		-0.02	-0.07	AMAT
COHU	-0.5	0.62	-0.43	-0.21	-0.31	0.76	0.03	-0.02		0.75	COHU
KLIC	-0.61	0.71	-0.69	-0.4	-0.45	0.86	-0.05	-0.07	0.75		KLIC
	TER	ICHR	ASYS	VECO	KLAC	IPGP	LRCX	AMAT	COHU	KLIC

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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

AMAT	+ 0.96	LRCX
KLAC	+ 0.95	VECO
VECO	+ 0.89	TER
KLAC	+ 0.88	TER
LRCX	+ 0.88	KLAC
KLIC	+ 0.86	IPGP

High negative correlations

IPGP	- 0.78	ASYS
KLIC	- 0.69	ASYS
KLIC	- 0.61	TER
IPGP	- 0.57	TER
COHU	- 0.5	TER
KLIC	- 0.45	KLAC

Risk-Adjusted Indicators

There is a big difference between Entegris Stock performing well and Entegris 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 Entegris' 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
TER	1.96	(0.50)	0.00	(0.13)	0.00	0.00	3.37	(3.69)	16.20
ICHR	2.61	(0.12)	0.01	0.08	3.08	(2.79)	4.28	(5.22)	21.13
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
KLAC	1.97	(0.49)	0.00	(0.18)	0.00	0.00	3.24	(3.70)	20.36
IPGP	1.69	(0.02)	0.03	0.11	1.86	(1.80)	4.46	(3.32)	11.69
LRCX	2.04	(0.26)	0.00	(0.07)	0.00	0.00	4.40	(2.92)	16.34
AMAT	1.92	(0.32)	0.00	(0.07)	0.00	0.00	4.31	(3.36)	16.93
COHU	2.12	(0.18)	(0.02)	0.04	2.41	(2.41)	4.44	(3.97)	14.26
KLIC	1.94	(0.02)	0.04	0.12	2.36	(1.97)	4.74	(3.06)	11.34

Entegris Corporate Executives

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

Linda LaGorga	Senior CFO	Profile
Gregory Graves	CFO, Executive VP and Treasurer	Profile
James ONeill	Senior CTO	Profile

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