AEIS vs TER: Correlation
Advanced Energy Industries, Inc. (AEIS) and Teradyne (TER) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and TER?
Over the past 3 years, AEIS and TER moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 1378.4 %².
Among the 32 assets we track against AEIS, TER ranks #13 by 3-year correlation. The last year tells two different stories: TER led by 131.8 percentage points, +87.0% for AEIS against +218.8% for TER.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEIS vs TER: side by side
| AEIS (Advanced Energy Industries, Inc.) | TER (Teradyne) | |
|---|---|---|
| 1-year return | +87.0% | +218.8% |
| 5-year return | +222.9% | +207.9% |
| Volatility (ann.) | 43.9% | 52.5% |
| Beta vs S&P 500 | 1.69 | 1.70 |
| Max drawdown (3Y) | -39.9% | -58.2% |
| Market cap | $11.5B | $58.2B |
| P/E (trailing) | 52.4 | 50.0 |
| Dividend yield | 0.14% | 0.14% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AEIS | TER |
|---|---|---|
| 2022 | -5.4% | -46.3% |
| 2023 | +27.5% | +24.8% |
| 2024 | +6.6% | +16.5% |
| 2025 | +81.6% | +54.4% |
| 2026 | +37.3% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and TER good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AEIS and TER?
As of 2026-08-27, the correlation of weekly returns between AEIS and TER is 0.60 over 3 years, 0.55 over 1 year and 0.65 over 5 years.
Is TER a good diversifier for AEIS?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AEIS correlations · TER correlations
