Lam Research Correlations

LRCX Stock

USD 100.66 0.13 0.13%

The current 90-days correlation between Lam Research Corp and ASML Holding NV is 0.76 (i.e., Poor diversification). The correlation of Lam Research 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.

Lam Research Correlation With Market

Poor diversification

The correlation between Lam Research Corp and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lam Research Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lam Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lam Research Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Lam Stock

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0.92	TSEM	Tower Semiconductor	Pair Corr
0.91	CAMT	Camtek	Pair Corr
0.92	VRRM	Verra Mobility Corp	Pair Corr
0.74	ENLV	Enlivex Therapeutics	Pair Corr
0.89	FRGE	Forge Global Holdings	Pair Corr
0.96	IBM	International Business Earnings Call This Week	Pair Corr
0.94	LPL	LG Display Earnings Call This Week	Pair Corr
0.65	GILT	Gilat Satellite Networks	Pair Corr
0.84	ITRN	Ituran Location	Pair Corr
0.98	LITE	Lumentum Holdings	Pair Corr
0.84	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.97	MSFT	Microsoft	Pair Corr
0.74	AVPTW	AvePoint	Pair Corr
0.68	NTGR	NETGEAR	Pair Corr
0.75	RGTIW	Rigetti Computing Trending	Pair Corr
0.79	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.94	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.91	RDWR	Radware	Pair Corr
0.75	RGTI	Rigetti Computing Trending	Pair Corr
0.92	AAOI	Applied Opt	Pair Corr

Moving against Lam Stock

0.66	ARQQW	Arqit Quantum Warrants	Pair Corr
0.36	MAPSW	WM Technology	Pair Corr
0.56	QMCO	Quantum	Pair Corr
0.4	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	ASML	KLAC	ACLS	TER	AMAT	AEHR	PLAB	KLIC	ENTG	IPGP
ASML		0.92	0.94	0.9	0.62	0.76	0.4	0.87	0.51	0.88	ASML
KLAC	0.92		0.97	0.97	0.73	0.92	0.36	0.93	0.64	0.92	KLAC
ACLS	0.94	0.97		0.96	0.69	0.88	0.45	0.93	0.65	0.91	ACLS
TER	0.9	0.97	0.96		0.75	0.93	0.4	0.95	0.71	0.92	TER
AMAT	0.62	0.73	0.69	0.75		0.76	0.29	0.65	0.54	0.59	AMAT
AEHR	0.76	0.92	0.88	0.93	0.76		0.23	0.88	0.68	0.86	AEHR
PLAB	0.4	0.36	0.45	0.4	0.29	0.23		0.5	0.59	0.37	PLAB
KLIC	0.87	0.93	0.93	0.95	0.65	0.88	0.5		0.79	0.91	KLIC
ENTG	0.51	0.64	0.65	0.71	0.54	0.68	0.59	0.79		0.61	ENTG
IPGP	0.88	0.92	0.91	0.92	0.59	0.86	0.37	0.91	0.61		IPGP
	ASML	KLAC	ACLS	TER	AMAT	AEHR	PLAB	KLIC	ENTG	IPGP

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Risk-Adjusted Indicators

There is a big difference between Lam Stock performing well and Lam Research 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 Lam Research'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
ASML	1.49	(0.01)	0.01	0.13	2.24	(1.52)	3.32	(2.42)	14.56
KLAC	1.60	0.34	0.21	0.37	1.38	(1.83)	4.21	(2.43)	10.90
ACLS	2.33	0.44	0.20	0.41	2.18	(2.73)	6.44	(4.54)	13.36
TER	1.89	0.16	0.15	0.23	1.53	(2.39)	5.62	(2.94)	10.58
AMAT	1.57	0.42	0.28	0.50	1.11	(1.93)	4.12	(2.11)	13.20
AEHR	3.64	0.70	0.21	0.43	3.52	(4.20)	9.25	(5.17)	26.55
PLAB	1.80	(0.05)	0.00	0.10	3.09	(1.94)	4.09	(3.67)	21.52
KLIC	1.71	0.10	0.08	0.21	1.53	(1.98)	3.88	(2.79)	9.61
ENTG	2.41	0.14	0.09	0.21	2.58	(2.71)	7.58	(5.08)	15.55
IPGP	1.80	0.27	0.12	0.28	2.43	(1.86)	3.78	(2.94)	18.19

Lam Research Corporate Management

Richard Gottscho	Executive VP of Global Products	Profile
Christina Correia	VP Officer	Profile
Steve Fine	Corporate Officer	Profile
Ram Ganesh	Vice Relations	Profile
Ava Harter	Senior Officer	Profile
Seshasayee Varadarajan	Senior Group	Profile

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