Entegris Correlations
| ENTG Stock | USD 131.00 0.67 0.51% |
The correlation of Entegris 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 Entegris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entegris 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 Entegris and NYA is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Entegris and NYA in the same portfolio, assuming nothing else is changed.
Entegris |
The ability to find closely correlated positions to Entegris could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entegris 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 Entegris - 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 Entegris to buy it.
Moving together with Entegris Stock
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| 0.81 | TRT | Trio Tech International | PairCorr |
| 0.95 | LRCX | Lam Research Corp Earnings Call This Week | PairCorr |
| 0.78 | ACMR | Acm Research Financial Report 3rd of May 2024 | PairCorr |
| 0.88 | ASML | ASML Holding NV Financial Report 17th of July 2024 | PairCorr |
| 0.74 | BHE | Benchmark Electronics Financial Report 1st of May 2024 | PairCorr |
| 0.91 | CLS | Celestica Earnings Call Next Week | PairCorr |
| 0.8 | CTS | CTS Corporation Earnings Call Next Week | PairCorr |
| 0.81 | IBM | International Business Earnings Call This Week | PairCorr |
Moving against Entegris Stock
| 0.68 | ACLS | Axcelis Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.64 | III | Information Services Financial Report 13th of May 2024 | PairCorr |
| 0.63 | MEI | Methode Electronics Financial Report 27th of June 2024 | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Entegris 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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Entegris Corporate Directors
Entegris corporate directors refer to members of an Entegris board of directors. The board of directors generally takes responsibility for the Entegris' 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 Entegris' board members must vote for the resolution. The Entegris board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Nicholas Burns | Independent Director | Profile | |
| Brian Sullivan | Independent Director | Profile | |
| Michael Bradley | Independent Director | Profile | |
| James Gentilcore | Independent Director | Profile |
Already Invested in Entegris?
The danger of trading Entegris 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 Entegris 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 Entegris. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Entegris 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 Entegris is a strong investment it is important to analyze Entegris' 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 Entegris' future performance. For an informed investment choice regarding Entegris Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entegris. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Entegris Stock please use our How to Invest in Entegris guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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When running Entegris' price analysis, check to measure Entegris' 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 Entegris is operating at the current time. Most of Entegris' value examination focuses on studying past and present price action to predict the probability of Entegris' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entegris' price. Additionally, you may evaluate how the addition of Entegris to your portfolios can decrease your overall portfolio volatility.
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Is Entegris' 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 Entegris. If investors know Entegris 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 Entegris 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 (0.34) | Dividend Share 0.4 | Earnings Share 1.2 | Revenue Per Share 23.509 | Quarterly Revenue Growth (0.14) |
The market value of Entegris is measured differently than its book value, which is the value of Entegris that is recorded on the company's balance sheet. Investors also form their own opinion of Entegris' value that differs from its market value or its book value, called intrinsic value, which is Entegris' 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 Entegris' market value can be influenced by many factors that don't directly affect Entegris' 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 Entegris' value and its price as these two are different measures arrived at by different means. Investors typically determine if Entegris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entegris' 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.