Photronics Correlations
| PLAB Stock | USD 22.87 0.16 0.70% |
The current 90-days correlation between Photronics and Gamma Communications plc is -0.01 (i.e., Good diversification). The correlation of Photronics 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.
Photronics Correlation With Market
Very weak diversification
The correlation between Photronics and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Photronics and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Photronics Stock
Moving against Photronics Stock
| 0.49 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.46 | TRV | The Travelers Companies | PairCorr |
| 0.45 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.44 | 384802AD6 | GRAINGER W W | PairCorr |
| 0.44 | XOM | Exxon Mobil Corp | PairCorr |
| 0.4 | JNJ | Johnson Johnson | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | -0.11 | 0.13 | 0.0 | GAMCF | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | ONCI | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | HCEI | ||
| -0.11 | 0.0 | 0.0 | -0.02 | 0.0 | JVA | ||
| 0.13 | 0.0 | 0.0 | -0.02 | 0.0 | ARKR | ||
| 0.0 | 1.0 | 1.0 | 0.0 | 0.0 | BCCI | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Photronics Stock performing well and Photronics 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 Photronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GAMCF | 0.02 | 0.00 | 0.00 | 0.20 | 0.00 | 0.00 | 0.77 | |||
| ONCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HCEI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JVA | 2.40 | (0.27) | 0.00 | (0.06) | 0.00 | 6.49 | 15.30 | |||
| ARKR | 1.60 | (0.08) | 0.00 | 0.24 | 0.00 | 4.17 | 10.69 | |||
| BCCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Photronics Corporate Management
| Christopher Lutzo | General VP | Profile | |
| Todd Alesio | Vice Resources | Profile | |
| Richelle Esq | Chief VP | Profile | |
| David Wang | US IC | Profile | |
| Debbie Wierzbicki | Senior Control | Profile |