ChipMOS Technologies Correlations

IMOS Stock

USD 38.80 2.90 6.95%

The current 90-days correlation between ChipMOS Technologies and Aehr Test Systems is 0.12 (i.e., Average diversification). The correlation of ChipMOS Technologies 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ChipMOS Technologies Correlation With Market

Poor diversification

The correlation between ChipMOS Technologies and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ChipMOS Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ChipMOS Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ChipMOS Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy ChipMOS Stock please use our How to Invest in ChipMOS Technologies guide.

Moving together with ChipMOS Stock

0.7	INTC	Intel	Pair Corr
0.76	JRVR	James River Group	Pair Corr
0.64	URG	Ur Energy	Pair Corr
0.8	KNYJF	KONE Oyj Earnings Call This Week	Pair Corr
0.7	MGTC	Megatech Corp	Pair Corr
0.86	NMM	Navios Maritime Partners	Pair Corr
0.75	BA	Boeing	Pair Corr
0.82	MRK	Merck Company Earnings Call This Week	Pair Corr
0.69	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Moving against ChipMOS Stock

0.92	HPQ	HP Inc	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.75	NTNX	Nutanix	Pair Corr
0.6	T	ATT Inc Earnings Call This Week	Pair Corr
0.57	SONG	Music Licensing	Pair Corr
0.43	IBM	International Business	Pair Corr

Related Correlations Analysis

	AEHR	SKYT	ICHR	AOSL	LAES	VTEX	GILT	GDYN	IBTA	WOLF
AEHR		0.72	0.81	0.55	0.41	-0.25	0.79	0.08	0.14	0.32	AEHR
SKYT	0.72		0.87	0.06	-0.12	-0.73	0.86	0.11	-0.28	-0.21	SKYT
ICHR	0.81	0.87		0.41	0.08	-0.56	0.94	-0.04	-0.1	0.11	ICHR
AOSL	0.55	0.06	0.41		0.77	0.45	0.4	-0.15	0.66	0.84	AOSL
LAES	0.41	-0.12	0.08	0.77		0.66	0.16	-0.32	0.88	0.72	LAES
VTEX	-0.25	-0.73	-0.56	0.45	0.66		-0.5	-0.23	0.75	0.64	VTEX
GILT	0.79	0.86	0.94	0.4	0.16	-0.5		-0.14	0.0	0.06	GILT
GDYN	0.08	0.11	-0.04	-0.15	-0.32	-0.23	-0.14		-0.49	-0.22	GDYN
IBTA	0.14	-0.28	-0.1	0.66	0.88	0.75	0.0	-0.49		0.72	IBTA
WOLF	0.32	-0.21	0.11	0.84	0.72	0.64	0.06	-0.22	0.72		WOLF
	AEHR	SKYT	ICHR	AOSL	LAES	VTEX	GILT	GDYN	IBTA	WOLF

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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

GILT	+ 0.94	ICHR
IBTA	+ 0.88	LAES
ICHR	+ 0.87	SKYT
GILT	+ 0.86	SKYT
WOLF	+ 0.84	AOSL
ICHR	+ 0.81	AEHR

High negative correlations

VTEX	- 0.73	SKYT
VTEX	- 0.56	ICHR
GILT	- 0.5	VTEX
IBTA	- 0.49	GDYN
GDYN	- 0.32	LAES
IBTA	- 0.28	SKYT

Risk-Adjusted Indicators

There is a big difference between ChipMOS Stock performing well and ChipMOS Technologies 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 ChipMOS Technologies' 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
AEHR	3.66	0.07	0.03	0.07	4.50	(3.67)	8.59	(7.38)	25.23
SKYT	5.58	1.09	0.20	0.35	5.62	(6.46)	12.40	(9.12)	48.91
ICHR	3.57	0.61	0.10	0.25	6.65	(3.62)	8.45	(4.99)	35.78
AOSL	2.47	(0.48)	0.00	(0.14)	0.00	0.00	5.18	(5.36)	30.53
LAES	5.00	(0.71)	0.00	(0.19)	0.00	0.00	10.08	(8.80)	22.26
VTEX	1.81	(0.51)	0.00	(0.65)	0.00	0.00	2.75	(4.85)	16.08
GILT	2.66	0.56	0.16	(8.22)	2.77	(2.88)	5.49	(4.56)	15.73
GDYN	2.36	0.00	0.02	0.05	2.44	(2.88)	5.80	(4.18)	27.91
IBTA	2.66	(0.76)	0.00	(0.29)	0.00	0.00	4.14	(6.44)	33.30
WOLF	3.79	(0.73)	0.00	(0.74)	0.00	0.00	9.02	(7.83)	22.69

ChipMOS Technologies Corporate Management

YuYing Chen	Senior Centre	Profile
G Shen	Deputy Relations	Profile
JingLong Fang	VP	Profile
Silvia Su	VP Officer	Profile
D Tsai	Executive Center	Profile
Guang Chen	Deputy Manager	Profile

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