Correlation Between Amkor Technology and Intelligent Bio

Can any of the company-specific risk be diversified away by investing in both Amkor Technology and Intelligent Bio 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 Amkor Technology and Intelligent Bio into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Amkor Technology and Intelligent Bio Solutions, you can compare the effects of market volatilities on Amkor Technology and Intelligent Bio 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 Intelligent Bio. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amkor Technology and Intelligent Bio.

Diversification Opportunities for Amkor Technology and Intelligent Bio

-0.76

Correlation Coefficient

Amkor Technology  Intelligent Bio

Pay attention - limited upside

The 3 months correlation between Amkor and Intelligent is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding Amkor Technology and Intelligent Bio Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intelligent Bio Solutions 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 Intelligent Bio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intelligent Bio Solutions has no effect on the direction of Amkor Technology i.e., Amkor Technology and Intelligent Bio go up and down completely randomly.

Pair Corralation between Amkor Technology and Intelligent Bio

Given the investment horizon of 90 days Amkor Technology is expected to generate 0.74 times more return on investment than Intelligent Bio. However, Amkor Technology is 1.35 times less risky than Intelligent Bio. It trades about 0.25 of its potential returns per unit of risk. Intelligent Bio Solutions is currently generating about -0.21 per unit of risk. If you would invest  2,474  in Amkor Technology on September 10, 2025 and sell it today you would earn a total of  1,997  from holding Amkor Technology or generate 80.72% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Amkor Technology  vs.  Intelligent Bio Solutions

Amkor Technology

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Amkor Technology are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. Even with relatively unfluctuating forward-looking signals, Amkor Technology reported solid returns over the last few months and may actually be approaching a breakup point.

Intelligent Bio Solutions

Risk-Adjusted Performance

Weakest

Over the last 90 days Intelligent Bio Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's fundamental drivers remain comparatively stable which may send shares a bit higher in January 2026. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with Amkor Technology and Intelligent Bio

The main advantage of trading using opposite Amkor Technology and Intelligent Bio positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Amkor Technology position performs unexpectedly, Intelligent Bio 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 Intelligent Bio will offset losses from the drop in Intelligent Bio's long position.

The idea behind Amkor Technology and Intelligent Bio Solutions pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Bonds Directory module to find actively traded corporate debentures issued by US companies.