Applied Materials Correlations
| AMAT Stock | USD 203.38 5.88 2.98% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Materials moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Poor diversification
The correlation between Applied Materials and NYA is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Materials and NYA in the same portfolio, assuming nothing else is changed.
Applied |
The ability to find closely correlated positions to Applied Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Materials when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Applied Materials - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Applied Materials to buy it.
Moving together with Applied Stock
| 0.88 | MU | Micron Technology Aggressive Push | PairCorr |
| 0.93 | AMD | Advanced Micro Devices Aggressive Push | PairCorr |
| 0.97 | ASX | ASE Industrial Holding | PairCorr |
| 0.93 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.71 | UMC | United Microelectronics | PairCorr |
| 0.73 | IMOS | ChipMOS Technologies | PairCorr |
| 0.62 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.61 | KOPN | Kopin Financial Report 9th of May 2024 | PairCorr |
| 0.8 | MRVL | Marvell Technology Aggressive Push | PairCorr |
| 0.98 | NVDA | NVIDIA Buyout Trend | PairCorr |
| 0.78 | AMKR | Amkor Technology Financial Report 6th of May 2024 | PairCorr |
| 0.97 | AVGO | Broadcom Financial Report 6th of June 2024 | PairCorr |
| 0.89 | VTEX | VTEX Financial Report 14th of May 2024 | PairCorr |
| 0.91 | WDAY | Workday Financial Report 23rd of May 2024 | PairCorr |
Moving against Applied Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POWI | 1.85 | (0.02) | 0.00 | 0.35 | 0.00 | 4.17 | 19.01 | |||
| DIOD | 1.97 | 0.02 | 0.00 | (0.17) | 2.38 | 4.24 | 20.65 | |||
| MTSI | 1.91 | 0.15 | 0.06 | 4.91 | 2.19 | 4.13 | 16.24 | |||
| CRUS | 1.59 | 0.04 | 0.02 | (0.28) | 1.98 | 3.64 | 20.21 | |||
| SLAB | 2.17 | 0.00 | 0.00 | 0.05 | 2.64 | 4.49 | 23.14 | |||
| MXL | 2.59 | (0.10) | 0.00 | 1.09 | 0.00 | 5.34 | 37.87 | |||
| FORM | 2.21 | 0.07 | 0.02 | (0.57) | 2.98 | 4.94 | 33.93 | |||
| SYNA | 2.46 | (0.07) | 0.00 | 0.41 | 0.00 | 5.35 | 32.49 | |||
| MCHP | 1.87 | 0.09 | 0.04 | (1.33) | 2.19 | 4.06 | 17.92 | |||
| ALGM | 2.09 | 0.06 | 0.02 | 0.99 | 2.51 | 4.30 | 23.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Applied Materials without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Watchlist Optimization Now
Watchlist OptimizationOptimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
| All Next | Launch Module |
Applied Materials Corporate Directors
Applied Materials corporate directors refer to members of an Applied Materials board of directors. The board of directors generally takes responsibility for the Applied Materials' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Applied Materials' board members must vote for the resolution. The Applied Materials board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Yvonne McGill | Director | Profile | |
| Xun Chen | Director | Profile | |
| Willem Roelandts | Lead Independent Director | Profile | |
| Stephen Forrest | Independent Director | Profile |
Already Invested in Applied Materials?
The danger of trading Applied Materials is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Applied Materials is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Applied Materials. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Applied Materials is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Applied Materials is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Applied Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Applied Materials Stock. Highlighted below are key reports to facilitate an investment decision about Applied Materials 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 tightly coupled 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.Note that the Applied Materials information on this page should be used as a complementary analysis to other Applied Materials' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Applied Stock analysis
When running Applied Materials' price analysis, check to measure Applied Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Applied Materials is operating at the current time. Most of Applied Materials' value examination focuses on studying past and present price action to predict the probability of Applied Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Applied Materials' price. Additionally, you may evaluate how the addition of Applied Materials to your portfolios can decrease your overall portfolio volatility.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |
Is Applied Materials' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Applied Materials. If investors know Applied will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Applied Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.193 | Dividend Share 1.28 | Earnings Share 8.51 | Revenue Per Share 31.662 | Quarterly Revenue Growth (0.01) |
The market value of Applied Materials is measured differently than its book value, which is the value of Applied that is recorded on the company's balance sheet. Investors also form their own opinion of Applied Materials' value that differs from its market value or its book value, called intrinsic value, which is Applied Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Applied Materials' market value can be influenced by many factors that don't directly affect Applied Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Applied Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Applied Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Applied Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.