ChipMOS Technologies Correlations

IMOS Stock

USD 18.12 0.38 2.05%

The current 90-days correlation between ChipMOS Technologies and Photronics is 0.35 (i.e., Weak diversification). The correlation of ChipMOS Technologies 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.

ChipMOS Technologies Correlation With Market

Very weak diversification

The correlation between ChipMOS Technologies and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ChipMOS Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ChipMOS Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ChipMOS Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy ChipMOS Stock please use our How to Invest in ChipMOS Technologies guide.

Moving together with ChipMOS Stock

0.86	MU	Micron Technology	Pair Corr
0.74	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.86	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.82	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.82	NVDA	NVIDIA Aggressive Push	Pair Corr
0.61	NVMI	Nova	Pair Corr
0.94	OLED	Universal Display	Pair Corr
0.89	QRVO	Qorvo Inc Sell-off Trend	Pair Corr
0.73	AMBA	Ambarella	Pair Corr
0.87	AVGO	Broadcom Aggressive Push	Pair Corr
0.76	TSEM	Tower Semiconductor	Pair Corr
0.62	CAMT	Camtek	Pair Corr
0.86	VRRM	Verra Mobility Corp	Pair Corr
0.74	FRGE	Forge Global Holdings	Pair Corr
0.85	IBM	International Business Earnings Call This Week	Pair Corr
0.84	LPL	LG Display Earnings Call This Week	Pair Corr
0.74	ITRN	Ituran Location	Pair Corr
0.86	LITE	Lumentum Holdings	Pair Corr
0.93	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.91	MSFT	Microsoft	Pair Corr
0.88	AVPTW	AvePoint	Pair Corr
0.85	NTGR	NETGEAR	Pair Corr
0.71	RGTIW	Rigetti Computing Trending	Pair Corr
0.86	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.8	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.65	RDWR	Radware	Pair Corr
0.71	RGTI	Rigetti Computing Trending	Pair Corr
0.65	AAOI	Applied Opt	Pair Corr

Moving against ChipMOS Stock

0.39	MAPSW	WM Technology	Pair Corr
0.37	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	AMKR	ASX	DIOD	HIMX	LEDS	PLAB	SIMO	UMC
AMKR		0.97	0.98	0.97	0.54	0.49	0.92	0.87	AMKR
ASX	0.97		0.97	0.98	0.57	0.5	0.95	0.92	ASX
DIOD	0.98	0.97		0.98	0.62	0.45	0.96	0.89	DIOD
HIMX	0.97	0.98	0.98		0.62	0.38	0.97	0.9	HIMX
LEDS	0.54	0.57	0.62	0.62		0.01	0.68	0.6	LEDS
PLAB	0.49	0.5	0.45	0.38	0.01		0.33	0.39	PLAB
SIMO	0.92	0.95	0.96	0.97	0.68	0.33		0.94	SIMO
UMC	0.87	0.92	0.89	0.9	0.6	0.39	0.94		UMC
	AMKR	ASX	DIOD	HIMX	LEDS	PLAB	SIMO	UMC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ChipMOS Stock performing well and ChipMOS Technologies 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 ChipMOS Technologies' 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
AMKR	1.78	0.20	0.12	0.27	1.73	(2.05)	3.82	(3.26)	11.83
ASX	1.38	0.30	0.20	0.42	1.14	(1.62)	4.04	(2.41)	9.20
DIOD	1.99	0.49	0.24	0.50	1.60	(2.28)	5.17	(2.97)	17.03
HIMX	1.89	0.46	0.24	0.44	1.64	(2.20)	4.94	(3.05)	12.88
LEDS	3.60	0.07	0.02	0.19	4.65	(3.63)	9.95	(6.04)	27.15
PLAB	1.80	(0.05)	0.00	0.10	3.09	(1.94)	4.09	(3.67)	21.52
SIMO	1.96	0.71	0.49	0.61	0.97	(2.50)	5.97	(2.11)	12.51
UMC	1.38	0.15	0.06	0.41	1.42	(1.61)	3.29	(2.85)	9.03

ChipMOS Technologies Corporate Management

YuYing Chen	Senior Centre	Profile
G Shen	Deputy Relations	Profile
JingLong Fang	VP	Profile
Silvia Su	VP Officer	Profile
D Tsai	Executive Center	Profile
Guang Chen	Deputy Manager	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC