Correlation Between GCT Semiconductor and Atomera
Can any of the company-specific risk be diversified away by investing in both GCT Semiconductor and Atomera 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 GCT Semiconductor and Atomera into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between GCT Semiconductor Holding and Atomera, you can compare the effects of market volatilities on GCT Semiconductor and Atomera 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 GCT Semiconductor with a short position of Atomera. Check out your portfolio center. Please also check ongoing floating volatility patterns of GCT Semiconductor and Atomera.
Diversification Opportunities for GCT Semiconductor and Atomera
0.63 | Correlation Coefficient |
Poor diversification
The 3 months correlation between GCT and Atomera is 0.63. Overlapping area represents the amount of risk that can be diversified away by holding GCT Semiconductor Holding and Atomera in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Atomera and GCT Semiconductor 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 GCT Semiconductor Holding are associated (or correlated) with Atomera. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atomera has no effect on the direction of GCT Semiconductor i.e., GCT Semiconductor and Atomera go up and down completely randomly.
Pair Corralation between GCT Semiconductor and Atomera
Given the investment horizon of 90 days GCT Semiconductor Holding is expected to generate 0.55 times more return on investment than Atomera. However, GCT Semiconductor Holding is 1.82 times less risky than Atomera. It trades about -0.07 of its potential returns per unit of risk. Atomera is currently generating about -0.12 per unit of risk. If you would invest 176.00 in GCT Semiconductor Holding on September 20, 2025 and sell it today you would lose (35.00) from holding GCT Semiconductor Holding or give up 19.89% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
GCT Semiconductor Holding vs. Atomera
Performance |
| Timeline |
| GCT Semiconductor Holding |
| Atomera |
GCT Semiconductor and Atomera Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GCT Semiconductor and Atomera
The main advantage of trading using opposite GCT Semiconductor and Atomera positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GCT Semiconductor position performs unexpectedly, Atomera 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 Atomera will offset losses from the drop in Atomera's long position.| GCT Semiconductor vs. Atomera | GCT Semiconductor vs. Wisekey International Holding | GCT Semiconductor vs. SAIHEAT Limited | GCT Semiconductor vs. RedCloud Holdings plc |
| Atomera vs. Nano Labs | Atomera vs. GCT Semiconductor Holding | Atomera vs. Amtech Systems | Atomera vs. Wisekey International Holding |
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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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