Correlation Between Amkor Technology and STANLN
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By analyzing existing cross correlation between Amkor Technology and STANLN 32 17 APR 25, you can compare the effects of market volatilities on Amkor Technology and STANLN 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 Amkor Technology with a short position of STANLN. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amkor Technology and STANLN.
Diversification Opportunities for Amkor Technology and STANLN
-0.7 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Amkor and STANLN is -0.7. Overlapping area represents the amount of risk that can be diversified away by holding Amkor Technology and STANLN 32 17 APR 25 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on STANLN 32 17 and Amkor Technology 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 Amkor Technology are associated (or correlated) with STANLN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of STANLN 32 17 has no effect on the direction of Amkor Technology i.e., Amkor Technology and STANLN go up and down completely randomly.
Pair Corralation between Amkor Technology and STANLN
Given the investment horizon of 90 days Amkor Technology is expected to under-perform the STANLN. In addition to that, Amkor Technology is 63.7 times more volatile than STANLN 32 17 APR 25. It trades about -0.01 of its total potential returns per unit of risk. STANLN 32 17 APR 25 is currently generating about 0.78 per unit of volatility. If you would invest 9,943 in STANLN 32 17 APR 25 on October 10, 2024 and sell it today you would earn a total of 9.00 from holding STANLN 32 17 APR 25 or generate 0.09% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 20.0% |
| Values | Daily Returns |
Amkor Technology vs. STANLN 32 17 APR 25
Performance |
| Timeline |
| Amkor Technology |
| STANLN 32 17 |
Amkor Technology and STANLN Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Amkor Technology and STANLN
The main advantage of trading using opposite Amkor Technology and STANLN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amkor Technology position performs unexpectedly, STANLN 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 STANLN will offset losses from the drop in STANLN's long position.| Amkor Technology vs. Power Integrations | Amkor Technology vs. Diodes Incorporated | Amkor Technology vs. MACOM Technology Solutions | Amkor Technology vs. Cirrus Logic |
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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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