Ultra Clean Correlations

UCTT Stock

USD 28.08 0.05 0.18%

The current 90-days correlation between Ultra Clean Holdings and MaxLinear is 0.75 (i.e., Poor diversification). The correlation of Ultra Clean 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.

Ultra Clean Correlation With Market

Very weak diversification

The correlation between Ultra Clean Holdings and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultra Clean Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ultra Stock

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

Moving together with Ultra Stock

0.7	603290	StarPower Semiconductor	Pair Corr
0.61	300046	Hubei Tech Semiconductors	Pair Corr
0.62	688008	Montage Technology	Pair Corr

Moving against Ultra Stock

0.43	688233	Thinkon Semiconductor	Pair Corr
0.74	EC	Ecopetrol SA ADR	Pair Corr
0.59	OOAG	OMDA Oil	Pair Corr
0.52	VFS	VinFast Auto	Pair Corr
0.51	TLK	Telkom Indonesia Tbk	Pair Corr
0.44	KB	KB Financial Group	Pair Corr
0.41	COHN	Cohen Company Normal Trading	Pair Corr
0.35	ENS	Enersys	Pair Corr
0.35	ARR	ARMOUR Residential REIT	Pair Corr
0.31	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	MXL	COHU	INDI	FSLY	PLAB	AMPL	AOSL	ATEN	TIXT	HIMX
MXL		0.34	0.37	-0.1	0.64	0.37	0.35	0.4	-0.17	0.63	MXL
COHU	0.34		0.2	0.49	0.35	0.04	-0.36	-0.29	0.58	0.07	COHU
INDI	0.37	0.2		-0.48	0.2	-0.39	0.56	0.33	0.37	0.78	INDI
FSLY	-0.1	0.49	-0.48		-0.01	0.09	-0.88	-0.51	0.41	-0.64	FSLY
PLAB	0.64	0.35	0.2	-0.01		0.33	0.13	0.46	-0.08	0.48	PLAB
AMPL	0.37	0.04	-0.39	0.09	0.33		0.07	0.23	-0.59	0.02	AMPL
AOSL	0.35	-0.36	0.56	-0.88	0.13	0.07		0.56	-0.43	0.77	AOSL
ATEN	0.4	-0.29	0.33	-0.51	0.46	0.23	0.56		-0.45	0.65	ATEN
TIXT	-0.17	0.58	0.37	0.41	-0.08	-0.59	-0.43	-0.45		-0.13	TIXT
HIMX	0.63	0.07	0.78	-0.64	0.48	0.02	0.77	0.65	-0.13		HIMX
	MXL	COHU	INDI	FSLY	PLAB	AMPL	AOSL	ATEN	TIXT	HIMX

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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

HIMX	+ 0.78	INDI
HIMX	+ 0.77	AOSL
HIMX	+ 0.65	ATEN
PLAB	+ 0.64	MXL
HIMX	+ 0.63	MXL
TIXT	+ 0.58	COHU

High negative correlations

AOSL	- 0.88	FSLY
HIMX	- 0.64	FSLY
TIXT	- 0.59	AMPL
ATEN	- 0.51	FSLY
FSLY	- 0.48	INDI
TIXT	- 0.45	ATEN

Risk-Adjusted Indicators

There is a big difference between Ultra Stock performing well and Ultra Clean 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 Ultra Clean'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
MXL	3.14	0.08	0.05	0.13	4.23	(3.21)	7.11	(7.39)	20.82
COHU	2.51	0.11	0.06	0.15	3.17	(2.48)	6.06	(4.73)	16.03
INDI	3.91	(0.02)	0.05	0.09	4.02	(4.62)	12.78	(7.48)	27.58
FSLY	3.50	0.61	0.16	6.16	2.99	(4.60)	6.51	(4.97)	44.62
PLAB	3.13	0.68	0.32	0.27	2.50	(4.19)	6.21	(4.72)	15.79
AMPL	2.03	(0.12)	(0.02)	0.02	2.95	(1.96)	3.62	(4.95)	14.37
AOSL	3.33	(0.60)	0.00	(0.09)	0.00	0.00	5.18	(7.39)	42.18
ATEN	1.27	0.11	0.00	(0.52)	1.66	(1.30)	2.16	(3.16)	6.88
TIXT	1.07	0.33	0.09	(0.18)	0.92	(1.58)	2.41	(1.78)	17.91
HIMX	2.56	(0.04)	0.02	0.08	3.57	(2.59)	4.51	(3.93)	22.36

Ultra Clean Corporate Management

Jamie Palfrey	Senior Resources	Profile
Brian CPA	Senior Officer	Profile
Vijayan Chinnasami	Chief Officer	Profile
Jeffrey Mckibben	Chief Officer	Profile
William Williams	Pres Division	Profile
Yoonku Cho	General Secretary	Profile

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