Correlation Between Criteo Sa and Deluxe

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

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

Diversification Opportunities for Criteo Sa and Deluxe

-0.08

Correlation Coefficient

Criteo Sa  Deluxe

Good diversification

The 3 months correlation between Criteo and Deluxe is -0.08. Overlapping area represents the amount of risk that can be diversified away by holding Criteo Sa and Deluxe in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Deluxe and Criteo Sa 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 Criteo Sa are associated (or correlated) with Deluxe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Deluxe has no effect on the direction of Criteo Sa i.e., Criteo Sa and Deluxe go up and down completely randomly.

Pair Corralation between Criteo Sa and Deluxe

Given the investment horizon of 90 days Criteo Sa is expected to under-perform the Deluxe. But the stock apears to be less risky and, when comparing its historical volatility, Criteo Sa is 1.01 times less risky than Deluxe. The stock trades about -0.07 of its potential returns per unit of risk. The Deluxe is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest  1,921  in Deluxe on September 6, 2025 and sell it today you would earn a total of  168.00  from holding Deluxe or generate 8.75% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Criteo Sa  vs.  Deluxe

Criteo Sa

Risk-Adjusted Performance

Weakest

Over the last 90 days Criteo Sa has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Stock's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the firm investors.

Deluxe

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Deluxe are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile essential indicators, Deluxe may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Criteo Sa and Deluxe

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

The idea behind Criteo Sa and Deluxe 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.

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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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.