Tower Semiconductor Correlations
| TSEM Stock | USD 36.81 0.81 2.15% |
The correlation of Tower Semiconductor 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 Tower Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tower Semiconductor 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.
Very weak diversification
The correlation between Tower Semiconductor and NYA is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tower Semiconductor and NYA in the same portfolio, assuming nothing else is changed.
Tower |
The ability to find closely correlated positions to Tower Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tower Semiconductor 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 Tower Semiconductor - 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 Tower Semiconductor to buy it.
Moving together with Tower Stock
| 0.79 | ADI | Analog Devices Tech Boost | PairCorr |
| 0.82 | TER | Teradyne Tech Boost | PairCorr |
| 0.76 | KLAC | KLA Tencor Financial Report 25th of July 2024 | PairCorr |
| 0.82 | NVMI | Nova Tech Boost | PairCorr |
| 0.89 | CAMT | Camtek Tech Boost | PairCorr |
Moving against Tower Stock
Related Correlations Analysis
| -0.38 | -0.38 | -0.19 | 0.88 | NVMI | ||
| -0.38 | 0.78 | 0.65 | -0.54 | AUDC | ||
| -0.38 | 0.78 | 0.44 | -0.53 | NICE | ||
| -0.19 | 0.65 | 0.44 | -0.26 | ESLT | ||
| 0.88 | -0.54 | -0.53 | -0.26 | CAMT | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Tower Stock performing well and Tower Semiconductor 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 Tower Semiconductor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVMI | 1.90 | 0.28 | 0.15 | 0.22 | 1.94 | 4.02 | 11.82 | |||
| AUDC | 1.80 | (0.52) | 0.00 | (0.22) | 0.00 | 2.99 | 19.35 | |||
| NICE | 1.44 | (0.29) | 0.00 | (0.16) | 0.00 | 2.55 | 21.61 | |||
| ESLT | 1.12 | (0.09) | 0.00 | (0.05) | 0.00 | 2.51 | 8.08 | |||
| CAMT | 2.45 | 0.29 | 0.09 | 0.22 | 3.14 | 6.44 | 16.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tower Semiconductor 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?
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Tower Semiconductor Corporate Management
Elected by the shareholders, the Tower Semiconductor's board of directors comprises two types of representatives: Tower Semiconductor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tower. The board's role is to monitor Tower Semiconductor's management team and ensure that shareholders' interests are well served. Tower Semiconductor's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tower Semiconductor's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dalit Dahan | Sr. VP of HR and Information Technology | Profile | |
| Rafi Mor | Chief Operation Officer of a Subsidiary | Profile | |
| Dani Ashkenazi | Senior Quality | Profile | |
| Noit LevyKaroubi | Senior Communications | Profile |
Already Invested in Tower Semiconductor?
The danger of trading Tower Semiconductor 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 Tower Semiconductor 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 Tower Semiconductor. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tower Semiconductor 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 Tower Semiconductor is a strong investment it is important to analyze Tower Semiconductor's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tower Semiconductor's future performance. For an informed investment choice regarding Tower Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tower Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. To learn how to invest in Tower Stock, please use our How to Invest in Tower Semiconductor guide.Note that the Tower Semiconductor information on this page should be used as a complementary analysis to other Tower Semiconductor's 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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When running Tower Semiconductor's price analysis, check to measure Tower Semiconductor's 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 Tower Semiconductor is operating at the current time. Most of Tower Semiconductor's value examination focuses on studying past and present price action to predict the probability of Tower Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tower Semiconductor's price. Additionally, you may evaluate how the addition of Tower Semiconductor to your portfolios can decrease your overall portfolio volatility.
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Is Tower Semiconductor's 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 Tower Semiconductor. If investors know Tower 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 Tower Semiconductor 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 (0.38) | Earnings Share 4.42 | Revenue Per Share 12.617 | Quarterly Revenue Growth (0.08) | Return On Assets 0.04 |
The market value of Tower Semiconductor is measured differently than its book value, which is the value of Tower that is recorded on the company's balance sheet. Investors also form their own opinion of Tower Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is Tower Semiconductor's 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 Tower Semiconductor's market value can be influenced by many factors that don't directly affect Tower Semiconductor's 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 Tower Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tower Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tower Semiconductor's 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.