APPLIED Competitors
| AP2 Stock | 290.70 11.75 4.21% |
Pair Correlation for APPLIED MATERIALS and BRIT AMER Summary
Poor diversification
The correlation between AP2 and BMT is 0.76, which Macroaxis classifies as Poor diversification for the selected horizon. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Moving together with APPLIED Stock
Moving against APPLIED Stock
Mean reversion in APPLIED MATERIALS is distinct from trend following. Where trend followers ride price momentum, mean reversion investors bet that extended moves will reverse once the underlying driver runs out of fuel.
APPLIED MATERIALS Competition Correlation Matrix
Correlation analysis between APPLIED MATERIALS and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
| 0.17 | 0.0 | 0.0 | 0.01 | 0.09 | -0.23 | SRI | ||
| 0.17 | 0.0 | 0.0 | 0.04 | 0.25 | 0.13 | CNJ | ||
| 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | 0.0 | M8Z | ||
| 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | 0.0 | T2E | ||
| 0.01 | 0.04 | 0.0 | 0.0 | -0.22 | -0.22 | JUU | ||
| 0.09 | 0.25 | 0.0 | 0.0 | -0.22 | 0.48 | JMD | ||
| -0.23 | 0.13 | 0.0 | 0.0 | -0.22 | 0.48 | BMT | ||
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between APPLIED Stock performing well and APPLIED MATERIALS 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 APPLIED MATERIALS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SRI | 3.70 | 0.33 | 0.04 | -3.20 | 4.59 | 6.25 | 44.95 | |||
| CNJ | 1.06 | -0.01 | 0.00 | -0.04 | 0.00 | 2.12 | 6.36 | |||
| M8Z | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| T2E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JUU | 0.35 | -0.08 | 0.00 | 0.62 | 0.00 | 1.22 | 6.11 | |||
| JMD | 1.71 | 0.40 | 0.18 | -1.36 | 1.72 | 3.87 | 16.76 | |||
| BMT | 1.05 | 0.03 | 0.03 | 0.30 | 1.61 | 2.00 | 6.77 |
APPLIED MATERIALS Competitive Analysis
Knowing APPLIED MATERIALS competitive strengths and weaknesses is a key input in any rigorous investment analysis. APPLIED MATERIALS's relative performance against peers often signals whether it is taking or ceding market share.| Better Than Average | Worse Than Peers | View Performance Chart |
APPLIED MATERIALS Peer Performance Charts
How to Analyze APPLIED MATERIALS Against Peers
APPLIED MATERIALS's peer analysis compares APPLIED MATERIALS with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether APPLIED MATERIALS trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where APPLIED MATERIALS leads or lags and what catalysts could close or widen the gap.