Correlation Between Clean Motion and Heliospectra Publ

Can any of the company-specific risk be diversified away by investing in both Clean Motion and Heliospectra Publ 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 Clean Motion and Heliospectra Publ into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Clean Motion AB and Heliospectra publ AB, you can compare the effects of market volatilities on Clean Motion and Heliospectra Publ 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 Clean Motion with a short position of Heliospectra Publ. Check out your portfolio center. Please also check ongoing floating volatility patterns of Clean Motion and Heliospectra Publ.

Diversification Opportunities for Clean Motion and Heliospectra Publ

0.0

Correlation Coefficient

Clean Motion  Heliospectra Publ

Pay attention - limited upside

The 3 months correlation between Clean and Heliospectra is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Clean Motion AB and Heliospectra publ AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Heliospectra publ and Clean Motion 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 Clean Motion AB are associated (or correlated) with Heliospectra Publ. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Heliospectra publ has no effect on the direction of Clean Motion i.e., Clean Motion and Heliospectra Publ go up and down completely randomly.

Pair Corralation between Clean Motion and Heliospectra Publ

If you would invest (100.00) in Heliospectra publ AB on April 22, 2025 and sell it today you would earn a total of  100.00  from holding Heliospectra publ AB or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Clean Motion AB  vs.  Heliospectra publ AB

Clean Motion AB

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Clean Motion AB are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, Clean Motion unveiled solid returns over the last few months and may actually be approaching a breakup point.

Heliospectra publ

Risk-Adjusted Performance

Very Weak

Over the last 90 days Heliospectra publ AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Heliospectra Publ is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Clean Motion and Heliospectra Publ

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

The idea behind Clean Motion AB and Heliospectra publ AB 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.