TTM Technologies Correlations

TTMI Stock

USD 56.52 2.01 3.43%

The current 90-days correlation between TTM Technologies and Aethlon Medical is 0.09 (i.e., Significant diversification). The correlation of TTM Technologies 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.

TTM Technologies Correlation With Market

Modest diversification

The correlation between TTM Technologies and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TTM Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TTM Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TTM Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more detail on how to invest in TTM Stock please use our How to Invest in TTM Technologies guide.

Moving together with TTM Stock

0.71	CLS	Celestica	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.76	BAC-PL	Bank of America Earnings Call This Week	Pair Corr
0.64	BCH	Banco De Chile Normal Trading	Pair Corr
0.64	WFC-PL	Wells Fargo Earnings Call This Week	Pair Corr
0.77	RTYUSD	Micro E mini	Pair Corr
0.91	AMPX	Amprius Technologies	Pair Corr
0.93	ANGPY	Valterra Platinum	Pair Corr
0.64	94986RYP0	US94986RYP09	Pair Corr
0.67	DOMH	Dominari Holdings	Pair Corr
0.91	SCCO	Southern Copper	Pair Corr
0.83	ENTO	Entero Therapeutics, Upward Rally	Pair Corr
0.62	ACSAY	ACS Actividades De	Pair Corr
0.86	KTOS	Kratos Defense Security	Pair Corr

Moving against TTM Stock

0.42	BASFY	BASF SE ADR	Pair Corr
0.38	BMI	Badger Meter Earnings Call This Week	Pair Corr
0.57	CREQF	China Rare Earth	Pair Corr

Related Correlations Analysis

	AEMD	BDSX	CAPR	GOVX	NNVC	OPGN	PRPH	PRPO	STIM
AEMD		0.15	0.14	0.59	0.22	0.25	-0.57	-0.72	0.46	AEMD
BDSX	0.15		-0.39	0.24	-0.1	-0.45	-0.16	0.08	0.04	BDSX
CAPR	0.14	-0.39		-0.23	0.0	0.52	-0.04	-0.23	0.22	CAPR
GOVX	0.59	0.24	-0.23		0.51	0.12	-0.6	-0.64	0.62	GOVX
NNVC	0.22	-0.1	0.0	0.51		0.28	-0.22	-0.5	0.79	NNVC
OPGN	0.25	-0.45	0.52	0.12	0.28		-0.29	-0.46	0.31	OPGN
PRPH	-0.57	-0.16	-0.04	-0.6	-0.22	-0.29		0.75	-0.45	PRPH
PRPO	-0.72	0.08	-0.23	-0.64	-0.5	-0.46	0.75		-0.64	PRPO
STIM	0.46	0.04	0.22	0.62	0.79	0.31	-0.45	-0.64		STIM
	AEMD	BDSX	CAPR	GOVX	NNVC	OPGN	PRPH	PRPO	STIM

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

STIM	+ 0.79	NNVC
PRPO	+ 0.75	PRPH
STIM	+ 0.62	GOVX
GOVX	+ 0.59	AEMD
OPGN	+ 0.52	CAPR
NNVC	+ 0.51	GOVX

High negative correlations

PRPO	- 0.72	AEMD
STIM	- 0.64	PRPO
PRPO	- 0.64	GOVX
PRPH	- 0.6	GOVX
PRPH	- 0.57	AEMD
PRPO	- 0.5	NNVC

Risk-Adjusted Indicators

There is a big difference between TTM Stock performing well and TTM Technologies 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 TTM Technologies' 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
AEMD	7.56	0.51	0.02	(0.12)	9.96	(11.19)	21.54	(15.17)	143.22
BDSX	5.08	0.61	0.08	1.62	6.16	(5.26)	12.39	(9.20)	38.86
CAPR	4.63	(0.39)	0.00	(0.08)	0.00	0.00	12.29	(8.42)	45.27
GOVX	3.25	(0.19)	0.00	(0.03)	0.00	0.00	6.85	(6.41)	32.64
NNVC	2.18	0.00	0.01	0.07	2.55	(2.76)	5.11	(3.57)	23.04
OPGN	356.77	174.24	0.00	3.32	0.00	0.00	2.17	(6.69)	12,051
PRPH	5.82	0.34	0.07	0.15	6.44	(8.03)	13.04	(11.90)	54.15
PRPO	3.03	0.48	0.15	2.55	2.58	(3.81)	10.19	(4.67)	25.54
STIM	3.46	(0.34)	0.00	(0.04)	0.00	0.00	6.74	(6.59)	19.03

TTM Technologies Corporate Executives

Elected by the shareholders, the TTM Technologies' board of directors comprises two types of representatives: TTM Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TTM. The board's role is to monitor TTM Technologies' management team and ensure that shareholders' interests are well served. TTM Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TTM Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Todd Schull	CFO, Executive VP, Treasurer and Secretary	Profile
Daniel CPA	Executive CFO	Profile
Daniel Boehle	Executive CFO	Profile
James Walsh	Executive COO	Profile
Catherine Gridley	Executive Sector	Profile

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