Correlation Between Aalberts Industries and HAL Trust

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

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

Diversification Opportunities for Aalberts Industries and HAL Trust

0.82

Correlation Coefficient

Aalberts Industries  HAL Trust

Very poor diversification

The 3 months correlation between Aalberts and HAL is 0.82. Overlapping area represents the amount of risk that can be diversified away by holding Aalberts Industries NV and HAL Trust in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on HAL Trust and Aalberts Industries 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 Aalberts Industries NV are associated (or correlated) with HAL Trust. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HAL Trust has no effect on the direction of Aalberts Industries i.e., Aalberts Industries and HAL Trust go up and down completely randomly.

Pair Corralation between Aalberts Industries and HAL Trust

Assuming the 90 days trading horizon Aalberts Industries NV is expected to generate 2.09 times more return on investment than HAL Trust. However, Aalberts Industries is 2.09 times more volatile than HAL Trust. It trades about 0.13 of its potential returns per unit of risk. HAL Trust is currently generating about 0.23 per unit of risk. If you would invest  2,760  in Aalberts Industries NV on April 23, 2025 and sell it today you would earn a total of  380.00  from holding Aalberts Industries NV or generate 13.77% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	98.44%
Values	Daily Returns

Aalberts Industries NV  vs.  HAL Trust

Aalberts Industries

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Aalberts Industries NV are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Aalberts Industries unveiled solid returns over the last few months and may actually be approaching a breakup point.

HAL Trust

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in HAL Trust are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak essential indicators, HAL Trust may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Pair Trading with Aalberts Industries and HAL Trust

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

The idea behind Aalberts Industries NV and HAL Trust 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.

Check out your portfolio center.

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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.