Amkor Technology Correlations

AMKR Stock

USD 19.42 0.15 0.77%

The current 90-days correlation between Amkor Technology and Power Integrations is 0.06 (i.e., Significant 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

Good diversification

The correlation between Amkor Technology and DJI is -0.08 (i.e., Good 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

0.89	NA	Nano Labs	Pair Corr
0.9	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.91	MXL	MaxLinear	Pair Corr
0.96	KLIC	Kulicke and Soffa Potential Growth	Pair Corr
0.91	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.72	NVDA	NVIDIA	Pair Corr
0.7	S	SentinelOne	Pair Corr
0.9	AI	C3 Ai Inc	Pair Corr
0.83	BL	Blackline	Pair Corr
0.79	KE	Kimball Electronics	Pair Corr
0.62	ZM	Zoom Video Communications Sell-off Trend	Pair Corr
0.77	DOCU	DocuSign	Pair Corr
0.88	VERX	Vertex	Pair Corr
0.79	DSGX	Descartes Systems	Pair Corr
0.78	VMEO	Vimeo Inc	Pair Corr
0.8	ETWO	E2open Parent Holdings	Pair Corr
0.68	EVCM	EverCommerce	Pair Corr
0.85	WKEY	Wisekey International	Pair Corr

Moving against Amkor Stock

0.74	LEDS	SemiLEDS Tech Boost	Pair Corr
0.6	MQ	Marqeta	Pair Corr
0.59	INTC	Intel	Pair Corr
0.44	UMC	United Microelectronics	Pair Corr
0.59	ENFN	Enfusion	Pair Corr
0.46	ZS	Zscaler	Pair Corr
0.39	QH	Quhuo	Pair Corr

Related Correlations Analysis

	POWI	DIOD	MTSI	CRUS	SLAB	MXL	FORM	SYNA	MCHP	ALGM
POWI		0.7	0.6	0.49	0.37	0.55	0.59	0.53	0.76	-0.28	POWI
DIOD	0.7		0.91	-0.03	-0.05	0.9	0.96	0.85	0.33	-0.62	DIOD
MTSI	0.6	0.91		-0.09	0.04	0.95	0.89	0.87	0.2	-0.54	MTSI
CRUS	0.49	-0.03	-0.09		0.75	-0.18	-0.13	-0.17	0.48	0.29	CRUS
SLAB	0.37	-0.05	0.04	0.75		-0.01	-0.16	0.03	0.32	0.31	SLAB
MXL	0.55	0.9	0.95	-0.18	-0.01		0.89	0.89	0.23	-0.55	MXL
FORM	0.59	0.96	0.89	-0.13	-0.16	0.89		0.82	0.22	-0.62	FORM
SYNA	0.53	0.85	0.87	-0.17	0.03	0.89	0.82		0.18	-0.47	SYNA
MCHP	0.76	0.33	0.2	0.48	0.32	0.23	0.22	0.18		0.03	MCHP
ALGM	-0.28	-0.62	-0.54	0.29	0.31	-0.55	-0.62	-0.47	0.03		ALGM
	POWI	DIOD	MTSI	CRUS	SLAB	MXL	FORM	SYNA	MCHP	ALGM

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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

FORM	+ 0.96	DIOD
MXL	+ 0.95	MTSI
MTSI	+ 0.91	DIOD
MXL	+ 0.9	DIOD
FORM	+ 0.89	MTSI
FORM	+ 0.89	MXL

High negative correlations

ALGM	- 0.62	FORM
ALGM	- 0.62	DIOD
ALGM	- 0.55	MXL
ALGM	- 0.54	MTSI
ALGM	- 0.47	SYNA
ALGM	- 0.28	POWI

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
POWI	1.93	(0.16)	0.00	(0.22)	0.00	0.00	3.76	(4.06)	11.80
DIOD	1.96	(0.45)	0.00	(0.54)	0.00	0.00	3.55	(4.35)	10.47
MTSI	2.32	(0.26)	0.00	(0.27)	0.00	0.00	4.30	(5.71)	20.65
CRUS	1.67	(0.02)	0.00	(0.08)	0.00	0.00	2.65	(3.83)	14.61
SLAB	2.01	0.06	0.00	(0.02)	0.00	0.00	3.25	(4.70)	16.60
MXL	3.82	(0.48)	0.00	(0.32)	0.00	0.00	6.45	(8.03)	27.60
FORM	2.36	(0.38)	0.00	(0.54)	0.00	0.00	3.98	(6.50)	15.16
SYNA	2.36	(0.20)	0.00	(0.23)	0.00	0.00	5.23	(4.68)	21.71
MCHP	2.02	(0.07)	0.00	(0.11)	0.00	0.00	3.29	(5.01)	20.48
ALGM	2.86	0.40	0.12	0.48	3.16	(2.95)	5.21	(6.01)	23.19

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.

Megan CPA

CFO VP

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