Advanced Energy Correlations

Stocks . USA . 
Stock . Advanced Energy Industries
AEIS Stock  USD 143.25  0.52  0.36%   
The current 90-days correlation between Advanced Energy Indu and MKS Instruments is 0.7 (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

Very weak diversification

The correlation between Advanced Energy Industries and DJI is 0.48 (i.e., Very weak 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.
  
Build AI portfolio with Advanced Stock
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.

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Related Correlations Analysis

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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   
ACLS
+ 0.97
MKSI
COHU
+ 0.97
MKSI
COHU
+ 0.95
ACLS
COHU
+ 0.7
ENTG
ENTG
+ 0.68
MKSI
ENTG
+ 0.65
ACLS
  
High negative correlations   
AAON
- 0.42
ACLS
AAON
- 0.39
COHU
AAON
- 0.37
MKSI
AAON
- 0.3
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.

Advanced Energy Corporate Management

Elizabeth JDGeneral VPProfile
John DonagheyExecutive SalesProfile
YeukFai MokVP RelationsProfile
Kevin FairbairnSr DevelProfile
Emdrem TanExecutive PowerProfile
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