Amkor Technology Stock Market Value
AMKR Stock | USD 29.86 0.40 1.36% |
Symbol | Amkor |
Amkor Technology Price To Book Ratio
Is Amkor Technology's industry 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 (0.28) | Dividend Share 0.304 | Earnings Share 1.46 | Revenue Per Share 26.475 | Quarterly Revenue Growth (0.08) |
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.
02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Amkor Technology on February 24, 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 60 days. Amkor Technology is related to or competes with KLA Tencor, ASML Holding, Axcelis Technologies, Teradyne, Lam Research, Aehr Test, and Entegris. 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 | (0.08) | |||
Maximum Drawdown | 12.11 | |||
Value At Risk | (4.71) | |||
Potential Upside | 3.71 |
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 | (0.02) | |||
Jensen Alpha | (0.33) | |||
Total Risk Alpha | (0.50) | |||
Treynor Ratio | (0.05) |
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 -0.0627, which signifies that the company had a -0.0627% return per unit of risk over the last 3 months. Amkor Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amkor Technology's Risk Adjusted Performance of (0.02), mean deviation of 2.13, and Standard Deviation of 2.77 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.41, 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. Amkor Technology has an expected return of -0.18%. Please make sure to confirm Amkor Technology treynor ratio, as well as the relationship between the accumulation distribution and price action indicator , to decide if Amkor Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Amkor Technology has virtually no predictability. Overlapping area represents the amount of predictability between Amkor Technology time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th of April 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 0.09 indicates that less than 9.0% of current Amkor Technology price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.09 | |
Spearman Rank Test | -0.22 | |
Residual Average | 0.0 | |
Price Variance | 1.96 |
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 |
Amkor Technology Investors Sentiment
The influence of Amkor Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Amkor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Amkor Technology's public news can be used to forecast risks associated with an investment in Amkor. The trend in average sentiment can be used to explain how an investor holding Amkor can time the market purely based on public headlines and social activities around Amkor Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Amkor Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Amkor Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Amkor Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Amkor Technology.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Amkor Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Amkor Technology's short interest history, or implied volatility extrapolated from Amkor Technology options trading.
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.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.Check out Amkor Technology Correlation, Amkor Technology Volatility and Amkor Technology Alpha and Beta module to complement your research on Amkor Technology. To learn how to invest in Amkor Stock, please use our How to Invest in Amkor Technology guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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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.
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Amkor Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.