Correlation Between Cint Group and ALM Equity
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By analyzing existing cross correlation between Cint Group AB and ALM Equity AB, you can compare the effects of market volatilities on Cint Group and ALM Equity 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 Cint Group with a short position of ALM Equity. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cint Group and ALM Equity.
Diversification Opportunities for Cint Group and ALM Equity
0.48 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Cint and ALM is 0.48. Overlapping area represents the amount of risk that can be diversified away by holding Cint Group AB and ALM Equity AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ALM Equity AB and Cint Group 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 Cint Group AB are associated (or correlated) with ALM Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ALM Equity AB has no effect on the direction of Cint Group i.e., Cint Group and ALM Equity go up and down completely randomly.
Pair Corralation between Cint Group and ALM Equity
Assuming the 90 days trading horizon Cint Group is expected to generate 2.65 times less return on investment than ALM Equity. In addition to that, Cint Group is 4.87 times more volatile than ALM Equity AB. It trades about 0.01 of its total potential returns per unit of risk. ALM Equity AB is currently generating about 0.15 per unit of volatility. If you would invest 7,904 in ALM Equity AB on April 25, 2025 and sell it today you would earn a total of 396.00 from holding ALM Equity AB or generate 5.01% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Weak |
Accuracy | 100.0% |
Values | Daily Returns |
Cint Group AB vs. ALM Equity AB
Performance |
Timeline |
Cint Group AB |
ALM Equity AB |
Cint Group and ALM Equity Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Cint Group and ALM Equity
The main advantage of trading using opposite Cint Group and ALM Equity positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cint Group position performs unexpectedly, ALM 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 ALM Equity will offset losses from the drop in ALM Equity's long position.Cint Group vs. Sinch AB | Cint Group vs. Stillfront Group AB | Cint Group vs. Truecaller AB | Cint Group vs. BICO Group AB |
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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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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