Applied Materials Correlations

AMAT Stock

USD 223.23 7.50 3.25%

The current 90-days correlation between Applied Materials and Lam Research Corp is 0.85 (i.e., Very poor diversification). The correlation of Applied Materials 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.

Applied Materials Correlation With Market

Weak diversification

The correlation between Applied Materials and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Materials and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Applied Stock

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

For more information on how to buy Applied Stock please use our How to Invest in Applied Materials guide.

Moving together with Applied Stock

0.77	ARM	Arm Holdings plc	Pair Corr
0.96	INTC	Intel Downward Rally	Pair Corr
0.95	KLAC	KLA Tencor	Pair Corr
0.9	LEDS	SemiLEDS	Pair Corr
0.97	LRCX	Lam Research Corp Downward Rally	Pair Corr
0.79	QCOM	Qualcomm Incorporated	Pair Corr
0.78	PBMRF	PT Bumi Resources	Pair Corr
0.74	BKRKF	PT Bank Rakyat	Pair Corr
0.61	GS	Goldman Sachs Group	Pair Corr
0.72	BK	Bank of New York	Pair Corr
0.85	PATH	Uipath Inc	Pair Corr
0.75	UEC	Uranium Energy Corp	Pair Corr
0.73	PLG	Platinum Group Metals	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.91	GE	GE Aerospace	Pair Corr
0.92	IBM	International Business	Pair Corr

Moving against Applied Stock

0.84	TXN	Texas Instruments	Pair Corr
0.53	ADI	Analog Devices	Pair Corr
0.92	T	ATT Inc Aggressive Push	Pair Corr
0.9	PG	Procter Gamble Sell-off Trend	Pair Corr
0.87	VZ	Verizon Communications Aggressive Push	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.47	CVX	Chevron Corp	Pair Corr
0.35	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	LRCX	QCOM	KLAC	TXN	ARM	INTC	INTU	MU	NOW	SONY
LRCX		0.86	0.98	-0.91	0.74	0.94	-0.32	0.98	-0.01	0.29	LRCX
QCOM	0.86		0.9	-0.79	0.59	0.78	-0.12	0.83	0.17	0.22	QCOM
KLAC	0.98	0.9		-0.89	0.71	0.92	-0.21	0.95	0.04	0.29	KLAC
TXN	-0.91	-0.79	-0.89		-0.69	-0.81	0.35	-0.93	-0.05	-0.27	TXN
ARM	0.74	0.59	0.71	-0.69		0.77	-0.4	0.74	0.24	0.25	ARM
INTC	0.94	0.78	0.92	-0.81	0.77		-0.28	0.91	0.04	0.31	INTC
INTU	-0.32	-0.12	-0.21	0.35	-0.4	-0.28		-0.39	0.06	-0.09	INTU
MU	0.98	0.83	0.95	-0.93	0.74	0.91	-0.39		-0.06	0.26	MU
NOW	-0.01	0.17	0.04	-0.05	0.24	0.04	0.06	-0.06		0.33	NOW
SONY	0.29	0.22	0.29	-0.27	0.25	0.31	-0.09	0.26	0.33		SONY
	LRCX	QCOM	KLAC	TXN	ARM	INTC	INTU	MU	NOW	SONY

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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

KLAC	+ 0.98	LRCX
MU	+ 0.98	LRCX
MU	+ 0.95	KLAC
INTC	+ 0.94	LRCX
INTC	+ 0.92	KLAC
MU	+ 0.91	INTC

High negative correlations

MU	- 0.93	TXN
TXN	- 0.91	LRCX
TXN	- 0.89	KLAC
INTC	- 0.81	TXN
TXN	- 0.79	QCOM
ARM	- 0.69	TXN

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' 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
LRCX	2.27	0.42	0.15	0.26	2.76	(2.33)	4.90	(5.02)	14.48
QCOM	1.45	0.04	0.05	0.10	1.86	(1.56)	2.52	(3.54)	15.45
KLAC	1.89	0.21	0.09	0.21	2.48	(2.00)	4.30	(3.31)	12.45
TXN	1.21	(0.32)	0.00	(0.25)	0.00	0.00	2.46	(3.98)	8.27
ARM	2.42	(0.13)	(0.01)	0.01	3.13	(2.46)	4.66	(4.71)	18.76
INTC	2.96	0.68	0.26	0.47	2.37	(3.69)	7.12	(4.27)	29.02
INTU	0.96	(0.17)	0.00	(0.28)	0.00	0.00	1.92	(2.26)	5.89
MU	2.71	0.89	0.31	0.55	2.27	(3.01)	6.46	(3.96)	15.97
NOW	1.40	(0.11)	0.00	(0.02)	0.00	0.00	2.79	(2.37)	7.76
SONY	1.37	0.23	0.06	(0.21)	1.44	(1.54)	3.77	(2.30)	9.32

Applied Materials Corporate Management

Ali Salehpour	Sr. VP and General Manager of New Markets and Service Group	Profile
Adam Sanders	Corporate VP	Profile
Teri JD	Chief VP	Profile
Teri Little	Chief VP	Profile
Susan Winchester	Senior Officer	Profile
Ron Naftali	Chief Group	Profile

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