Correlation Between Energy Focu and Amkor Technology
Can any of the company-specific risk be diversified away by investing in both Energy Focu and Amkor Technology 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 Energy Focu and Amkor Technology into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Energy Focu and Amkor Technology, you can compare the effects of market volatilities on Energy Focu and Amkor Technology 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 Energy Focu with a short position of Amkor Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of Energy Focu and Amkor Technology.
Diversification Opportunities for Energy Focu and Amkor Technology
-0.51 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Energy and Amkor is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding Energy Focu and Amkor Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amkor Technology and Energy Focu 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 Energy Focu are associated (or correlated) with Amkor Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amkor Technology has no effect on the direction of Energy Focu i.e., Energy Focu and Amkor Technology go up and down completely randomly.
Pair Corralation between Energy Focu and Amkor Technology
Given the investment horizon of 90 days Energy Focu is expected to under-perform the Amkor Technology. But the stock apears to be less risky and, when comparing its historical volatility, Energy Focu is 1.02 times less risky than Amkor Technology. The stock trades about -0.1 of its potential returns per unit of risk. The Amkor Technology is currently generating about 0.29 of returns per unit of risk over similar time horizon. If you would invest 3,471 in Amkor Technology on September 8, 2025 and sell it today you would earn a total of 852.00 from holding Amkor Technology or generate 24.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Energy Focu vs. Amkor Technology
Performance |
| Timeline |
| Energy Focu |
| Amkor Technology |
Energy Focu and Amkor Technology Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Energy Focu and Amkor Technology
The main advantage of trading using opposite Energy Focu and Amkor Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Energy Focu position performs unexpectedly, Amkor Technology 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 Amkor Technology will offset losses from the drop in Amkor Technology's long position.| Energy Focu vs. Harmony Gold Mining | Energy Focu vs. ACG Metals Limited | Energy Focu vs. Barrick Mining | Energy Focu vs. Ainsworth Game Technology |
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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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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