Amkor Technology Correlations

AMKR Stock

USD 24.07 0.35 1.48%

The current 90-days correlation between Amkor Technology and Diodes Incorporated is 0.34 (i.e., Weak diversification). The correlation of Amkor Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Amkor Technology Correlation With Market

Average diversification

The correlation between Amkor Technology and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amkor Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amkor Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Amkor Stock, please use our How to Invest in Amkor Technology guide.

Moving together with Amkor Stock

0.66	VECO	Veeco Instruments	Pair Corr
0.66	ACLS	Axcelis Technologies Earnings Call This Week	Pair Corr

Moving against Amkor Stock

0.34	CSCO	Cisco Systems	Pair Corr
0.5	JPM	JPMorgan Chase	Pair Corr
0.48	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.44	AXP	American Express	Pair Corr
0.44	BAC	Bank of America Aggressive Push	Pair Corr
0.4	DNOW	Now Inc	Pair Corr
0.36	PPYA	Papaya Growth Opportunity	Pair Corr
0.35	WMT	Walmart Aggressive Push	Pair Corr
0.34	T	ATT Inc Earnings Call This Week	Pair Corr
0.32	MMM	3M Company	Pair Corr
0.31	MNPR	Monopar Therapeutics	Pair Corr

Related Correlations Analysis

	DIOD	DQ	MU	MX	NA	ON	PI	ENPH
DIOD		-0.02	0.22	0.38	0.35	0.25	-0.13	0.33	DIOD
DQ	-0.02		0.12	-0.1	-0.28	0.35	0.67	0.51	DQ
MU	0.22	0.12		0.24	-0.34	0.27	0.24	-0.08	MU
MX	0.38	-0.1	0.24		0.23	0.21	-0.3	-0.04	MX
NA	0.35	-0.28	-0.34	0.23		-0.23	-0.34	0.26	NA
ON	0.25	0.35	0.27	0.21	-0.23		0.58	0.31	ON
PI	-0.13	0.67	0.24	-0.3	-0.34	0.58		0.29	PI
ENPH	0.33	0.51	-0.08	-0.04	0.26	0.31	0.29		ENPH
	DIOD	DQ	MU	MX	NA	ON	PI	ENPH

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PI	+ 0.67	DQ
PI	+ 0.58	ON
ENPH	+ 0.51	DQ
MX	+ 0.38	DIOD
NA	+ 0.35	DIOD
ON	+ 0.35	DQ

High negative correlations

PI	- 0.34	NA
NA	- 0.34	MU
PI	- 0.3	MX
NA	- 0.28	DQ
ON	- 0.23	NA
PI	- 0.13	DIOD

Risk-Adjusted Indicators

There is a big difference between Amkor Stock performing well and Amkor Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Amkor Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DIOD	2.33	(0.17)	0.00	(0.12)	0.00	0.00	3.87	(4.41)	13.33
DQ	3.01	(0.33)	0.00	(1.82)	0.00	0.00	6.94	(6.61)	18.14
MU	2.82	(0.19)	0.00	(1.59)	0.00	0.00	5.62	(4.32)	22.19
MX	2.19	(0.19)	0.00	1.88	0.00	0.00	4.98	(4.02)	13.80
NA	10.89	1.95	0.16	(0.90)	9.70	(14.52)	17.03	(18.70)	160.41
ON	2.06	(0.37)	0.00	(0.56)	0.00	0.00	3.57	(5.50)	11.47
PI	2.15	(0.64)	0.00	(0.75)	0.00	0.00	3.15	(4.92)	13.61
ENPH	3.14	(0.48)	0.00	(0.76)	0.00	0.00	5.41	(6.27)	21.51

Amkor Technology Corporate Executives

Elected by the shareholders, the Amkor Technology's board of directors comprises two types of representatives: Amkor Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amkor. The board's role is to monitor Amkor Technology's management team and ensure that shareholders' interests are well served. Amkor Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Amkor Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

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