Correlation Between GCT Semiconductor and Angel Oak
Can any of the company-specific risk be diversified away by investing in both GCT Semiconductor and Angel Oak 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 Angel Oak 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 Angel Oak Financial, you can compare the effects of market volatilities on GCT Semiconductor and Angel Oak 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 Angel Oak. Check out your portfolio center. Please also check ongoing floating volatility patterns of GCT Semiconductor and Angel Oak.
Diversification Opportunities for GCT Semiconductor and Angel Oak
-0.28 | Correlation Coefficient |
Very good diversification
The 3 months correlation between GCT and Angel is -0.28. Overlapping area represents the amount of risk that can be diversified away by holding GCT Semiconductor Holding and Angel Oak Financial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Angel Oak Financial 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 Angel Oak. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Angel Oak Financial has no effect on the direction of GCT Semiconductor i.e., GCT Semiconductor and Angel Oak go up and down completely randomly.
Pair Corralation between GCT Semiconductor and Angel Oak
Given the investment horizon of 90 days GCT Semiconductor Holding is expected to generate 8.14 times more return on investment than Angel Oak. However, GCT Semiconductor is 8.14 times more volatile than Angel Oak Financial. It trades about 0.04 of its potential returns per unit of risk. Angel Oak Financial is currently generating about 0.08 per unit of risk. If you would invest 129.00 in GCT Semiconductor Holding on September 3, 2025 and sell it today you would earn a total of 8.00 from holding GCT Semiconductor Holding or generate 6.2% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
GCT Semiconductor Holding vs. Angel Oak Financial
Performance |
| Timeline |
| GCT Semiconductor Holding |
| Angel Oak Financial |
GCT Semiconductor and Angel Oak Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with GCT Semiconductor and Angel Oak
The main advantage of trading using opposite GCT Semiconductor and Angel Oak positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GCT Semiconductor position performs unexpectedly, Angel Oak 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 Angel Oak will offset losses from the drop in Angel Oak's long position.| GCT Semiconductor vs. Diodes Incorporated | GCT Semiconductor vs. Daqo New Energy | GCT Semiconductor vs. Micron Technology | GCT Semiconductor vs. MagnaChip Semiconductor |
| Angel Oak vs. Woori Financial Group | Angel Oak vs. Chiba Bank Ltd | Angel Oak vs. Martin Marietta Materials | Angel Oak vs. Burke Herbert Financial |
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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