Entegris Correlations

ENTG Stock

USD 90.75 0.48 0.53%

The current 90-days correlation between Entegris and First Solar is 0.25 (i.e., Modest 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 0.52 (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.

Build AI portfolio with Entegris Stock

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

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0.83	INTC	Intel Earnings Call This Week	Pair Corr
0.66	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.61	NVDA	NVIDIA Aggressive Push	Pair Corr
0.73	NVMI	Nova	Pair Corr
0.65	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.63	AMBA	Ambarella	Pair Corr
0.65	TSEM	Tower Semiconductor	Pair Corr
0.8	CAMT	Camtek	Pair Corr
0.83	ENLV	Enlivex Therapeutics	Pair Corr
0.66	FRGE	Forge Global Holdings	Pair Corr
0.63	LPL	LG Display Earnings Call This Week	Pair Corr
0.88	GILT	Gilat Satellite Networks	Pair Corr
0.7	RDWR	Radware	Pair Corr
0.75	AAOI	Applied Opt	Pair Corr

Moving against Entegris Stock

0.63	ARQQW	Arqit Quantum Warrants	Pair Corr
0.53	QMCO	Quantum	Pair Corr

Related Correlations Analysis

	SEDG	FSLR	RUN	CSIQ	SPWR	CRWD
SEDG		0.77	0.72	0.89	0.05	0.68	SEDG
FSLR	0.77		0.79	0.72	0.07	0.58	FSLR
RUN	0.72	0.79		0.59	0.34	0.22	RUN
CSIQ	0.89	0.72	0.59		0.05	0.81	CSIQ
SPWR	0.05	0.07	0.34	0.05		-0.13	SPWR
CRWD	0.68	0.58	0.22	0.81	-0.13		CRWD
	SEDG	FSLR	RUN	CSIQ	SPWR	CRWD

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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

CSIQ	+ 0.89	SEDG
CRWD	+ 0.81	CSIQ
RUN	+ 0.79	FSLR
FSLR	+ 0.77	SEDG
RUN	+ 0.72	SEDG
CSIQ	+ 0.72	FSLR

High negative correlations

CRWD

- 0.13

SPWR

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
SEDG	5.73	1.13	0.13	0.78	8.12	(6.29)	16.23	(8.81)	57.28
FSLR	3.59	0.41	0.09	0.45	4.42	(3.93)	8.81	(6.54)	40.54
RUN	6.23	0.82	0.08	0.47	11.19	(6.26)	15.97	(7.84)	58.11
CSIQ	3.66	0.61	0.15	0.47	4.19	(3.90)	8.43	(6.53)	32.08
SPWR	5.05	0.23	0.03	0.41	6.52	(5.72)	11.66	(9.74)	41.94
CRWD	1.91	0.23	0.10	0.35	2.23	(2.17)	3.73	(4.21)	13.11

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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