Aehr Test Correlations

AEHR Stock  USD 41.36  2.83  7.34%   
The correlation of Aehr Test is a statistical measure of how it moves in relation to other equities. 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 Aehr Test moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aehr Test Systems 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aehr Test Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
The ability to find closely correlated positions to Aehr Test could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aehr Test 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 Aehr Test - 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 Aehr Test Systems to buy it.

Moving together with Aehr Stock

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+0.74TERTeradyne Fiscal Quarter End 30th of June 2023 PairCorr
+0.73TSMTaiwan Semiconductor Fiscal Quarter End 30th of June 2023 PairCorr
+0.63UMCUnited Microelectronics Fiscal Quarter End 30th of June 2023 PairCorr
+0.78KLICKulicke And Soffa Fiscal Quarter End 30th of June 2023 PairCorr

Moving against Aehr Stock

-0.59TSEMTower Semiconductor Fiscal Quarter End 30th of June 2023 PairCorr
-0.45VVisa Inc Class Fiscal Quarter End 30th of June 2023 PairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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

Nowadays, there is a big difference between Aehr Stock performing well and Aehr Test company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Aehr Test's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
MCHP 1.71 (0.03)  0.00 (0.05)  0.00 (0.0168)  0.00  3.28 (3.27)  9.01 
MU 2.13  0.33  0.16  0.34  1.84  0.12 (2.64)  6.11 (3.12)  12.91 
MX 1.66  0.16  0.08  0.22  1.86  0.07 (1.81)  4.18 (2.77)  11.19 
ON 2.34  0.21  0.08  0.14  2.54  0.07 (2.47)  5.20 (3.72)  12.18 
SIUIF 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
MRAM 2.02  0.34  0.15  0.57  1.92  0.13 (2.27)  5.72 (4.52)  11.94 
MTSI 1.73 (0.14)  0.00 (0.12)  0.00 (0.07)  0.00  3.40 (3.52)  8.79 
VTSS 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
ENTG 2.50  0.44  0.18  0.35  2.20  0.12 (3.16)  5.46 (4.09)  23.05 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aehr Test 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.

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Aehr Test Corporate Directors

Aehr Test corporate directors refer to members of an Aehr Test board of directors. The board of directors generally takes responsibility for the Aehr Test's 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 Aehr Test's board members must vote for the resolution. The Aehr Test board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Howard SlayenIndependent DirectorProfile
Robert AndersonIndependent DirectorProfile
John SchneiderDirectorProfile
William ElderIndependent DirectorProfile

Already Invested in Aehr Test Systems?

The danger of trading Aehr Test Systems 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 Aehr Test 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 Aehr Test. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aehr Test Systems 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aehr Test Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. Note that the Aehr Test Systems information on this page should be used as a complementary analysis to other Aehr Test'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Aehr Test's price analysis, check to measure Aehr Test'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 Aehr Test is operating at the current time. Most of Aehr Test's value examination focuses on studying past and present price action to predict the probability of Aehr Test's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aehr Test's price. Additionally, you may evaluate how the addition of Aehr Test to your portfolios can decrease your overall portfolio volatility.
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Is Aehr Test'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 Aehr Test. If investors know Aehr 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 Aehr Test 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
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
The market value of Aehr Test Systems is measured differently than its book value, which is the value of Aehr that is recorded on the company's balance sheet. Investors also form their own opinion of Aehr Test's value that differs from its market value or its book value, called intrinsic value, which is Aehr Test'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 Aehr Test's market value can be influenced by many factors that don't directly affect Aehr Test'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 Aehr Test's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aehr Test is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aehr Test'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.