Amkor Technology Stock Forecast - Daily Balance Of Power

AMKR Stock  USD 25.27  0.14  0.56%   
Amkor Stock Forecast is based on your current time horizon. Although Amkor Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Amkor Technology's systematic risk associated with finding meaningful patterns of Amkor Technology fundamentals over time.
  
As of 12/22/2024, Inventory Turnover is likely to grow to 14.73. Also, Payables Turnover is likely to grow to 8.18. As of 12/22/2024, Net Income Applicable To Common Shares is likely to grow to about 924.7 M, while Common Stock Shares Outstanding is likely to drop slightly above 229.6 M.
On December 13, 2024 Amkor Technology had Daily Balance Of Power of (0.23). Balance of Power indicator (or BOP) measures the strength of Amkor Technology market sensitivity to bulls and bears. It estimates the ability of Amkor Technology buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Amkor Technology Balance of Power indicator one can determine a trend of the price direction.
Check Amkor Technology VolatilityBacktest Amkor TechnologyTrend Details  

Amkor Technology Trading Date Momentum

On December 16 2024 Amkor Technology was traded for  26.98  at the closing time. The top price for the day was 27.29  and the lowest listed price was  26.47 . The trading volume for the day was 1.3 M. The trading history from December 16, 2024 was a factor to the next trading day price gain. The overall trading delta against the next closing price was 1.66% . The overall trading delta against the current closing price is 1.47% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Compare Amkor Technology to competition

Other Forecasting Options for Amkor Technology

For every potential investor in Amkor, whether a beginner or expert, Amkor Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Amkor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Amkor. Basic forecasting techniques help filter out the noise by identifying Amkor Technology's price trends.

Amkor Technology Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Amkor Technology stock to make a market-neutral strategy. Peer analysis of Amkor Technology could also be used in its relative valuation, which is a method of valuing Amkor Technology by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Amkor Technology Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Amkor Technology's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Amkor Technology's current price.

Amkor Technology Market Strength Events

Market strength indicators help investors to evaluate how Amkor Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Amkor Technology shares will generate the highest return on investment. By undertsting and applying Amkor Technology stock market strength indicators, traders can identify Amkor Technology entry and exit signals to maximize returns.

Amkor Technology Risk Indicators

The analysis of Amkor Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Amkor Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting amkor stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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

  0.86MX MagnaChip SemiconductorPairCorr

Moving against Amkor Stock

  0.64CAN Canaan IncPairCorr
  0.52AIP ArterisPairCorr
  0.41GFS GlobalfoundriesPairCorr
  0.38MXL MaxLinearPairCorr
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.
Pair CorrelationCorrelation Matching

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.