Photronics Correlations

Photronics Correlation to Market

Photronics has a market cap of 2.14 B, operating margin of 24.38%, ROE of 12.22%. Your Equity Center can help frame allocation decisions. A position in Photronics appears within the mix. The relative size of each holding follows the allocation framework. 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 information on how to trade Photronics Stock refer to our How to Invest in Photronics guide.

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 ALIT + 0.92 PLTK LASR + 0.89 UCTT PAR + 0.88 ALIT PAR + 0.87 PLTK ADEA + 0.83 LASR ADEA + 0.74 UCTT

High negative correlations ALIT - 0.94 LASR PLTK - 0.93 LASR ALIT - 0.93 UCTT PAR - 0.92 LASR PAR - 0.88 UCTT PLTK - 0.86 UCTT

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.