Correlation Between QuickLogic and Amplitude

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

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

Diversification Opportunities for QuickLogic and Amplitude

0.29

Correlation Coefficient

QuickLogic  Amplitude

Modest diversification

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

Pair Corralation between QuickLogic and Amplitude

Given the investment horizon of 90 days QuickLogic is expected to generate 1.35 times more return on investment than Amplitude. However, QuickLogic is 1.35 times more volatile than Amplitude. It trades about 0.02 of its potential returns per unit of risk. Amplitude is currently generating about -0.01 per unit of risk. If you would invest  600.00  in QuickLogic on May 15, 2025 and sell it today you would earn a total of  0.00  from holding QuickLogic or generate 0.0% return on investment over 90 days.

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

QuickLogic  vs.  Amplitude

QuickLogic

Risk-Adjusted Performance

Weakest

Compared to the overall equity markets, risk-adjusted returns on investments in QuickLogic are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent forward indicators, QuickLogic is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors.

Amplitude

Risk-Adjusted Performance

Weakest

Over the last 90 days Amplitude has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent basic indicators, Amplitude is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors.

Pair Trading with QuickLogic and Amplitude

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

The idea behind QuickLogic and Amplitude 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.