Aehr Test Correlations

AEHR Stock

USD 25.84 1.32 5.38%

The correlation of Aehr Test 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.

Aehr Test Correlation With Market

Significant diversification

The correlation between Aehr Test Systems and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aehr Test Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aehr Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aehr Test Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Aehr Stock

0.83	603501	Will Semiconductor	Pair Corr
0.8	300046	Hubei Tech Semiconductors	Pair Corr
0.71	688261	Suzhou Oriental Semi	Pair Corr
0.64	688521	VeriSilicon Microelectronics	Pair Corr
0.77	688484	Southchip Semiconductor	Pair Corr
0.67	VFSWW	VinFast Auto	Pair Corr

Moving against Aehr Stock

0.76	688233	Thinkon Semiconductor	Pair Corr
0.65	688498	Yuanjie Semiconductor	Pair Corr
0.56	688525	Biwin Storage Technology	Pair Corr
0.55	688766	Puya Semiconductor	Pair Corr
0.36	688123	Giantec Semiconductor	Pair Corr
0.33	INTC	Intel	Pair Corr
0.77	ARR	ARMOUR Residential REIT	Pair Corr
0.7	OOAG	OMDA Oil	Pair Corr
0.69	SHG	Shinhan Financial	Pair Corr
0.69	ENS	Enersys	Pair Corr
0.68	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	MMLTF	MMG Limited	Pair Corr
0.64	BSAA	BEST SPAC I	Pair Corr
0.61	IESFY	Interconnection Electric Upward Rally	Pair Corr
0.6	EC	Ecopetrol SA ADR	Pair Corr
0.51	VFS	VinFast Auto	Pair Corr
0.48	COHN	Cohen Company Normal Trading	Pair Corr
0.44	688372	Shanghai V Test	Pair Corr
0.34	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	SKYT	ICHR	IMOS	AOSL	LAES	WOLF	CEVA	CTLP	POET	ITRN
SKYT		0.15	0.16	-0.23	0.44	0.51	0.34	-0.63	0.37	0.35	SKYT
ICHR	0.15		-0.44	0.75	0.62	0.56	0.6	-0.14	0.75	0.01	ICHR
IMOS	0.16	-0.44		-0.83	-0.12	0.16	-0.68	-0.22	-0.39	0.69	IMOS
AOSL	-0.23	0.75	-0.83		0.25	0.03	0.63	0.15	0.61	-0.48	AOSL
LAES	0.44	0.62	-0.12	0.25		0.75	0.57	-0.43	0.6	0.32	LAES
WOLF	0.51	0.56	0.16	0.03	0.75		0.36	-0.42	0.6	0.41	WOLF
CEVA	0.34	0.6	-0.68	0.63	0.57	0.36		-0.3	0.64	-0.37	CEVA
CTLP	-0.63	-0.14	-0.22	0.15	-0.43	-0.42	-0.3		-0.16	-0.27	CTLP
POET	0.37	0.75	-0.39	0.61	0.6	0.6	0.64	-0.16		0.03	POET
ITRN	0.35	0.01	0.69	-0.48	0.32	0.41	-0.37	-0.27	0.03		ITRN
	SKYT	ICHR	IMOS	AOSL	LAES	WOLF	CEVA	CTLP	POET	ITRN

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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

AOSL	+ 0.75	ICHR
POET	+ 0.75	ICHR
WOLF	+ 0.75	LAES
ITRN	+ 0.69	IMOS
POET	+ 0.64	CEVA
CEVA	+ 0.63	AOSL

High negative correlations

AOSL	- 0.83	IMOS
CEVA	- 0.68	IMOS
CTLP	- 0.63	SKYT
ITRN	- 0.48	AOSL
IMOS	- 0.44	ICHR
CTLP	- 0.43	LAES

Risk-Adjusted Indicators

There is a big difference between Aehr Stock performing well and Aehr Test 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 Aehr Test'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
SKYT	5.31	1.02	0.20	0.38	5.51	(5.86)	12.50	(9.84)	48.91
ICHR	3.86	(0.02)	0.04	0.09	6.99	(3.82)	9.34	(7.81)	45.47
IMOS	2.63	0.98	0.26	(0.45)	2.25	(3.14)	8.27	(3.79)	23.93
AOSL	3.33	(0.60)	0.00	(0.09)	0.00	0.00	5.18	(7.39)	42.18
LAES	7.27	0.89	0.16	0.31	6.49	(8.77)	18.84	(11.48)	54.77
WOLF	51.71	26.11	2.58	(40.17)	7.80	(67.71)	27.04	(16.67)	1,745
CEVA	2.90	0.16	0.00	(0.18)	4.84	(2.70)	4.90	(6.60)	21.79
CTLP	0.30	(0.04)	0.00	(0.19)	0.00	0.00	0.47	(0.56)	2.92
POET	5.46	0.34	0.09	0.20	5.77	(6.11)	16.28	(9.85)	37.00
ITRN	1.28	0.34	0.28	0.47	0.77	(1.56)	3.49	(1.77)	6.60

Aehr Test Corporate Management

David Hendrickson	VP of Engineering	Profile
Adil Engineer	Chief Officer	Profile
Didier Wimmers	Executive Development	Profile
Alberto Salamone	Executive Business	Profile
Donald II	VP Engineering	Profile

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