Correlation Between CSP and Amtech Systems
Can any of the company-specific risk be diversified away by investing in both CSP and Amtech Systems 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 CSP and Amtech Systems into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CSP Inc and Amtech Systems, you can compare the effects of market volatilities on CSP and Amtech Systems 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 CSP with a short position of Amtech Systems. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSP and Amtech Systems.
Diversification Opportunities for CSP and Amtech Systems
0.44 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between CSP and Amtech is 0.44. Overlapping area represents the amount of risk that can be diversified away by holding CSP Inc and Amtech Systems in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amtech Systems and CSP 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 CSP Inc are associated (or correlated) with Amtech Systems. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amtech Systems has no effect on the direction of CSP i.e., CSP and Amtech Systems go up and down completely randomly.
Pair Corralation between CSP and Amtech Systems
Given the investment horizon of 90 days CSP is expected to generate 49.1 times less return on investment than Amtech Systems. But when comparing it to its historical volatility, CSP Inc is 1.93 times less risky than Amtech Systems. It trades about 0.01 of its potential returns per unit of risk. Amtech Systems is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 470.00 in Amtech Systems on July 24, 2025 and sell it today you would earn a total of 294.00 from holding Amtech Systems or generate 62.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
CSP Inc vs. Amtech Systems
Performance |
| Timeline |
| CSP Inc |
| Amtech Systems |
CSP and Amtech Systems Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CSP and Amtech Systems
The main advantage of trading using opposite CSP and Amtech Systems positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSP position performs unexpectedly, Amtech Systems 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 Amtech Systems will offset losses from the drop in Amtech Systems' long position.| CSP vs. SAIHEAT Limited | CSP vs. Lianhe Sowell International | CSP vs. Castellum | CSP vs. FiscalNote Holdings |
| Amtech Systems vs. MagnaChip Semiconductor | Amtech Systems vs. QuickLogic | Amtech Systems vs. Playstudios | Amtech Systems vs. SAIHEAT Limited |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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