Amkor Technology Stock Market Value
| AMKR Stock | USD 30.50 1.41 4.85% |
| Symbol | Amkor |
Amkor Technology Price To Book Ratio
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amkor Technology. If investors know Amkor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amkor Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.038 | Dividend Share 0.311 | Earnings Share 1.52 | Revenue Per Share 26.025 | Quarterly Revenue Growth 0.002 |
The market value of Amkor Technology is measured differently than its book value, which is the value of Amkor that is recorded on the company's balance sheet. Investors also form their own opinion of Amkor Technology's value that differs from its market value or its book value, called intrinsic value, which is Amkor Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amkor Technology's market value can be influenced by many factors that don't directly affect Amkor Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amkor Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amkor Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amkor Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Amkor Technology 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Amkor Technology's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Amkor Technology.
| 09/05/2024 |
| 10/05/2024 |
If you would invest 0.00 in Amkor Technology on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Amkor Technology or generate 0.0% return on investment in Amkor Technology over 30 days. Amkor Technology is related to or competes with Power Integrations, Diodes Incorporated, MACOM Technology, Cirrus Logic, Silicon Laboratories, MaxLinear, and FormFactor. Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States, Japan, Europe... More
Amkor Technology Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Amkor Technology's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Amkor Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 22.92 | |||
| Value At Risk | (7.74) | |||
| Potential Upside | 4.66 |
Amkor Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amkor Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amkor Technology's standard deviation. In reality, there are many statistical measures that can use Amkor Technology historical prices to predict the future Amkor Technology's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Amkor Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Amkor Technology Backtested Returns
Amkor Technology secures Sharpe Ratio (or Efficiency) of -0.0883, which signifies that the company had a -0.0883% return per unit of risk over the last 3 months. Amkor Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amkor Technology's Mean Deviation of 2.75, standard deviation of 4.01, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Amkor Technology will likely underperform. At this point, Amkor Technology has a negative expected return of -0.36%. Please make sure to confirm Amkor Technology's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Amkor Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Amkor Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Amkor Technology time series from 5th of September 2024 to 20th of September 2024 and 20th of September 2024 to 5th of October 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Amkor Technology price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Amkor Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Amkor Technology lagged returns against current returns
Autocorrelation, which is Amkor Technology stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Amkor Technology's stock expected returns. We can calculate the autocorrelation of Amkor Technology returns to help us make a trade decision. For example, suppose you find that Amkor Technology has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Amkor Technology regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Amkor Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amkor Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amkor Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Amkor Technology Lagged Returns
When evaluating Amkor Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amkor Technology stock have on its future price. Amkor Technology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Amkor Technology autocorrelation shows the relationship between Amkor Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Amkor Technology.
Regressed Prices |
| Timeline |
Pair Trading with Amkor Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amkor Technology position performs unexpectedly, the other equity 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 Amkor Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Amkor Stock
| 0.89 | MU | Micron Technology | PairCorr |
| 0.95 | ENTG | Entegris | PairCorr |
| 0.66 | ADI | Analog Devices Fiscal Year End 19th of November 2024 | PairCorr |
The ability to find closely correlated positions to Amkor Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amkor Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amkor Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amkor Technology to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amkor Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amkor Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amkor Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Amkor Stock Analysis
When running Amkor Technology's price analysis, check to measure Amkor Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Amkor Technology is operating at the current time. Most of Amkor Technology's value examination focuses on studying past and present price action to predict the probability of Amkor Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amkor Technology's price. Additionally, you may evaluate how the addition of Amkor Technology to your portfolios can decrease your overall portfolio volatility.