Correlation Between Amtech Systems and Intel

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

By analyzing existing cross correlation between Amtech Systems and Intel, you can compare the effects of market volatilities on Amtech Systems and Intel 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 Amtech Systems with a short position of Intel. Check out your portfolio center. Please also check ongoing floating volatility patterns of Amtech Systems and Intel.

Diversification Opportunities for Amtech Systems and Intel

0.29

Correlation Coefficient

Amtech Systems  Intel

Modest diversification

The 3 months correlation between Amtech and Intel is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding Amtech Systems and Intel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intel and Amtech Systems 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 Amtech Systems are associated (or correlated) with Intel. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intel has no effect on the direction of Amtech Systems i.e., Amtech Systems and Intel go up and down completely randomly.

Pair Corralation between Amtech Systems and Intel

Given the investment horizon of 90 days Amtech Systems is expected to generate 1.34 times more return on investment than Intel. However, Amtech Systems is 1.34 times more volatile than Intel. It trades about 0.12 of its potential returns per unit of risk. Intel is currently generating about 0.04 per unit of risk. If you would invest  394.00  in Amtech Systems on May 17, 2025 and sell it today you would earn a total of  111.00  from holding Amtech Systems or generate 28.17% return on investment over 90 days.

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

Amtech Systems  vs.  Intel

Amtech Systems

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Amtech Systems are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Amtech Systems unveiled solid returns over the last few months and may actually be approaching a breakup point.

Intel

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Intel are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Intel may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Amtech Systems and Intel

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

The idea behind Amtech Systems and Intel 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.