Correlation Between Helvetia Holding and Investis Holding

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

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

Diversification Opportunities for Helvetia Holding and Investis Holding

0.72

Correlation Coefficient

Helvetia Holding  Investis Holding

Poor diversification

The 3 months correlation between Helvetia and Investis is 0.72. Overlapping area represents the amount of risk that can be diversified away by holding Helvetia Holding AG and Investis Holding SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Investis Holding and Helvetia Holding 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 Helvetia Holding AG are associated (or correlated) with Investis Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Investis Holding has no effect on the direction of Helvetia Holding i.e., Helvetia Holding and Investis Holding go up and down completely randomly.

Pair Corralation between Helvetia Holding and Investis Holding

Assuming the 90 days trading horizon Helvetia Holding AG is expected to generate 1.21 times more return on investment than Investis Holding. However, Helvetia Holding is 1.21 times more volatile than Investis Holding SA. It trades about 0.2 of its potential returns per unit of risk. Investis Holding SA is currently generating about 0.15 per unit of risk. If you would invest  17,453  in Helvetia Holding AG on April 24, 2025 and sell it today you would earn a total of  2,117  from holding Helvetia Holding AG or generate 12.13% return on investment over 90 days.

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

Helvetia Holding AG  vs.  Investis Holding SA

Helvetia Holding

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Helvetia Holding AG are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Helvetia Holding may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Investis Holding

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Investis Holding SA are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Investis Holding may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Pair Trading with Helvetia Holding and Investis Holding

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

The idea behind Helvetia Holding AG and Investis Holding SA 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.