Cohu Correlations

COHU Stock

USD 19.65 0.38 1.90%

The current 90-days correlation between Cohu Inc and Photronics is 0.61 (i.e., Poor 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 0.57 (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.

Build AI portfolio with Cohu Stock

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

0.93	MU	Micron Technology	Pair Corr
0.91	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.95	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.81	INTC	Intel Earnings Call This Week	Pair Corr
0.93	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.93	NVDA	NVIDIA Aggressive Push	Pair Corr
0.88	NVMI	Nova	Pair Corr
0.88	OLED	Universal Display	Pair Corr
0.95	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.82	AMBA	Ambarella	Pair Corr
0.94	AVGO	Broadcom Aggressive Push	Pair Corr
0.91	TSEM	Tower Semiconductor	Pair Corr
0.89	CAMT	Camtek	Pair Corr
0.91	VRRM	Verra Mobility Corp	Pair Corr
0.73	ENLV	Enlivex Therapeutics	Pair Corr
0.89	FRGE	Forge Global Holdings	Pair Corr
0.89	IBM	International Business Earnings Call This Week	Pair Corr
0.92	LPL	LG Display Earnings Call This Week	Pair Corr
0.63	GILT	Gilat Satellite Networks	Pair Corr
0.86	ITRN	Ituran Location	Pair Corr
0.94	LITE	Lumentum Holdings	Pair Corr
0.86	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.92	MSFT	Microsoft	Pair Corr
0.71	AVPTW	AvePoint	Pair Corr
0.69	NTGR	NETGEAR	Pair Corr
0.71	RGTIW	Rigetti Computing Trending	Pair Corr
0.76	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.88	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.88	RDWR	Radware	Pair Corr
0.72	RGTI	Rigetti Computing Trending	Pair Corr
0.89	AAOI	Applied Opt	Pair Corr

Moving against Cohu Stock

0.6	ARQQW	Arqit Quantum Warrants	Pair Corr
0.34	MAPSW	WM Technology	Pair Corr
0.5	QMCO	Quantum	Pair Corr
0.42	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	IPGP
ONTO		-0.14	-0.28	-0.63	0.14	0.02	-0.46	-0.51	-0.52	-0.66	ONTO
PLAB	-0.14		0.56	0.45	0.41	0.59	0.5	0.15	0.54	0.37	PLAB
UCTT	-0.28	0.56		0.75	0.83	0.82	0.83	0.7	0.74	0.75	UCTT
ACLS	-0.63	0.45	0.75		0.46	0.65	0.93	0.84	0.88	0.91	ACLS
ICHR	0.14	0.41	0.83	0.46		0.84	0.67	0.53	0.47	0.52	ICHR
ENTG	0.02	0.59	0.82	0.65	0.84		0.79	0.52	0.65	0.61	ENTG
KLIC	-0.46	0.5	0.83	0.93	0.67	0.79		0.79	0.89	0.91	KLIC
ASYS	-0.51	0.15	0.7	0.84	0.53	0.52	0.79		0.63	0.82	ASYS
VECO	-0.52	0.54	0.74	0.88	0.47	0.65	0.89	0.63		0.83	VECO
IPGP	-0.66	0.37	0.75	0.91	0.52	0.61	0.91	0.82	0.83		IPGP
	ONTO	PLAB	UCTT	ACLS	ICHR	ENTG	KLIC	ASYS	VECO	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

KLIC	+ 0.93	ACLS
IPGP	+ 0.91	ACLS
IPGP	+ 0.91	KLIC
VECO	+ 0.89	KLIC
VECO	+ 0.88	ACLS
ASYS	+ 0.84	ACLS

High negative correlations

IPGP	- 0.66	ONTO
ACLS	- 0.63	ONTO
VECO	- 0.52	ONTO
ASYS	- 0.51	ONTO
KLIC	- 0.46	ONTO
UCTT	- 0.28	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	2.66	(0.45)	0.00	(0.12)	0.00	0.00	5.06	(5.13)	35.49
PLAB	1.80	(0.05)	0.00	0.10	3.09	(1.94)	4.09	(3.67)	21.52
UCTT	2.80	0.13	0.08	0.19	3.36	(3.30)	8.15	(4.96)	23.72
ACLS	2.33	0.44	0.20	0.41	2.18	(2.73)	6.44	(4.54)	13.36
ICHR	3.08	0.15	0.06	0.19	4.81	(3.21)	8.28	(5.50)	33.78
ENTG	2.41	0.14	0.09	0.21	2.58	(2.71)	7.58	(5.08)	15.55
KLIC	1.71	0.10	0.08	0.21	1.53	(1.98)	3.88	(2.79)	9.61
ASYS	2.64	0.18	0.07	0.29	2.73	(3.24)	6.03	(6.11)	20.26
VECO	2.11	(0.04)	0.03	0.11	2.11	(2.44)	5.35	(3.48)	13.89
IPGP	1.80	0.27	0.12	0.28	2.43	(1.86)	3.78	(2.94)	18.19

Cohu Corporate Management

Emily Lough	VP Counsel	Profile
Ian Lawee	VP Group	Profile
Anna Aguirre	Chief Officer	Profile
Klaus Ilgenfritz	Chief Officer	Profile

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