Correlation Between Amkor Technology and One Stop
Can any of the company-specific risk be diversified away by investing in both Amkor Technology and One Stop at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Amkor Technology and One Stop into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Amkor Technology and One Stop Systems, you can compare the effects of market volatilities on Amkor Technology and One Stop and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Amkor Technology with a short position of One Stop. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amkor Technology and One Stop.
Diversification Opportunities for Amkor Technology and One Stop
-0.26 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Amkor and One is -0.26. Overlapping area represents the amount of risk that can be diversified away by holding Amkor Technology and One Stop Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on One Stop Systems and Amkor Technology is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Amkor Technology are associated (or correlated) with One Stop. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of One Stop Systems has no effect on the direction of Amkor Technology i.e., Amkor Technology and One Stop go up and down completely randomly.
Pair Corralation between Amkor Technology and One Stop
Given the investment horizon of 90 days Amkor Technology is expected to generate 0.63 times more return on investment than One Stop. However, Amkor Technology is 1.59 times less risky than One Stop. It trades about 0.22 of its potential returns per unit of risk. One Stop Systems is currently generating about 0.04 per unit of risk. If you would invest 2,429 in Amkor Technology on September 4, 2025 and sell it today you would earn a total of 1,636 from holding Amkor Technology or generate 67.35% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Amkor Technology vs. One Stop Systems
Performance |
| Timeline |
| Amkor Technology |
| One Stop Systems |
Amkor Technology and One Stop Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amkor Technology and One Stop
The main advantage of trading using opposite Amkor Technology and One Stop positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amkor Technology position performs unexpectedly, One Stop can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in One Stop will offset losses from the drop in One Stop's long position.| Amkor Technology vs. Diodes Incorporated | Amkor Technology vs. Daqo New Energy | Amkor Technology vs. Micron Technology | Amkor Technology vs. MagnaChip Semiconductor |
| One Stop vs. FullNet Communications | One Stop vs. Stewart Information Services | One Stop vs. General Datacomm Industries | One Stop vs. E data |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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