FormFactor Correlations

FORM Stock

USD 36.18 0.18 0.50%

The current 90-days correlation between FormFactor and Seadrill Limited is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FormFactor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FormFactor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FormFactor Correlation With Market

Very poor diversification

The correlation between FormFactor and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FormFactor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FormFactor Stock

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

To learn how to invest in FormFactor Stock, please use our How to Invest in FormFactor guide.

Moving together with FormFactor Stock

0.96	DIOD	Diodes Incorporated	Pair Corr
0.93	MU	Micron Technology	Pair Corr
0.88	MX	MagnaChip Semiconductor	Pair Corr
0.67	NA	Nano Labs	Pair Corr
0.95	ON	ON Semiconductor	Pair Corr
0.83	PI	Impinj Inc	Pair Corr
0.61	INTC	Intel	Pair Corr
0.96	MCHP	Microchip Technology Sell-off Trend	Pair Corr
0.96	MPWR	Monolithic Power Systems	Pair Corr
0.91	MRAM	Everspin Technologies	Pair Corr
0.93	MRVL	Marvell Technology	Pair Corr
0.96	MTSI	MACOM Technology Sol	Pair Corr
0.96	MCHPP	Microchip Technology	Pair Corr
0.9	NVEC	NVE Corporation	Pair Corr
0.95	NVDA	NVIDIA	Pair Corr
0.77	NVTS	Navitas Semiconductor	Pair Corr
0.93	BB	BlackBerry	Pair Corr
0.94	KD	Kyndryl Holdings	Pair Corr
0.96	KN	Knowles Cor	Pair Corr
0.86	UI	Ubiquiti Networks	Pair Corr
0.91	ZS	Zscaler	Pair Corr
0.72	DMRC	Digimarc	Pair Corr
0.8	VSAT	ViaSat Inc Buyout Trend	Pair Corr
0.82	EPAM	EPAM Systems	Pair Corr
0.67	ERIC	Telefonaktiebolaget Earnings Call This Week	Pair Corr
0.85	WKEY	Wisekey International	Pair Corr
0.96	EXTR	Extreme Networks	Pair Corr
0.92	IBM	International Business	Pair Corr

Moving against FormFactor Stock

0.47	WOLF	Wolfspeed Buyout Trend	Pair Corr
0.36	MOBX	Mobix Labs	Pair Corr
0.7	FI	Fiserv,	Pair Corr

Related Correlations Analysis

	MAT	OBGRF	SDRL	MYPS	AKTAF	LTH	THO	PRKS
MAT		0.35	0.84	0.55	0.69	-0.48	0.88	0.56	MAT
OBGRF	0.35		0.3	0.56	0.14	-0.02	0.43	0.49	OBGRF
SDRL	0.84	0.3		0.51	0.84	-0.53	0.91	0.28	SDRL
MYPS	0.55	0.56	0.51		0.26	-0.43	0.53	0.29	MYPS
AKTAF	0.69	0.14	0.84	0.26		-0.56	0.88	0.07	AKTAF
LTH	-0.48	-0.02	-0.53	-0.43	-0.56		-0.5	0.18	LTH
THO	0.88	0.43	0.91	0.53	0.88	-0.5		0.39	THO
PRKS	0.56	0.49	0.28	0.29	0.07	0.18	0.39		PRKS
	MAT	OBGRF	SDRL	MYPS	AKTAF	LTH	THO	PRKS

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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

THO	+ 0.91	SDRL
THO	+ 0.88	MAT
THO	+ 0.88	AKTAF
SDRL	+ 0.84	MAT
AKTAF	+ 0.84	SDRL
AKTAF	+ 0.69	MAT

High negative correlations

LTH	- 0.56	AKTAF
LTH	- 0.53	SDRL
THO	- 0.5	LTH
LTH	- 0.48	MAT
LTH	- 0.43	MYPS
LTH	- 0.02	OBGRF

Risk-Adjusted Indicators

There is a big difference between FormFactor Stock performing well and FormFactor 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 FormFactor'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
MAT	2.12	(0.02)	0.01	0.09	3.83	(2.13)	4.60	(4.07)	18.82
OBGRF	0.67	0.23	0.00	2.00	0.00	0.00	3.81	0.00	11.69
SDRL	2.94	0.15	0.05	0.20	4.31	(3.00)	7.43	(6.03)	23.57
MYPS	3.05	0.06	0.00	0.25	3.33	(3.71)	7.20	(5.77)	21.32
AKTAF	1.74	0.39	0.13	1.07	1.63	(2.74)	4.41	(2.94)	9.53
LTH	2.22	(0.14)	0.00	(0.01)	0.00	0.00	4.08	(6.30)	18.36
THO	1.97	0.23	0.09	0.29	2.69	(2.16)	4.24	(3.44)	16.21
PRKS	2.16	0.00	0.02	0.10	3.07	(2.20)	4.43	(4.44)	21.69

FormFactor Corporate Management

Christy Robertson	Secretary	Profile
Aliza Scott	Chief Officer	Profile
Shai Shahar	Chief Officer	Profile
Sudhakar Raman	Senior Unit	Profile
Sergio Loureiro	Senior Operations	Profile
Chunyi Leong	VP Officer	Profile

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