Correlation Between Inbar Group and Internet Gold

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

By analyzing existing cross correlation between Inbar Group Finance and Internet Gold Golden, you can compare the effects of market volatilities on Inbar Group and Internet Gold 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 Inbar Group with a short position of Internet Gold. Check out your portfolio center. Please also check ongoing floating volatility patterns of Inbar Group and Internet Gold.

Diversification Opportunities for Inbar Group and Internet Gold

0.0

Correlation Coefficient

Inbar Group  Internet Gold

Pay attention - limited upside

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

Pair Corralation between Inbar Group and Internet Gold

If you would invest  35,590  in Internet Gold Golden on April 24, 2025 and sell it today you would earn a total of  8,850  from holding Internet Gold Golden or generate 24.87% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	2.08%
Values	Daily Returns

Inbar Group Finance  vs.  Internet Gold Golden

Inbar Group Finance

Risk-Adjusted Performance

Very Weak

Over the last 90 days Inbar Group Finance has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Inbar Group is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Internet Gold Golden

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Internet Gold Golden are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Internet Gold sustained solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Inbar Group and Internet Gold

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

The idea behind Inbar Group Finance and Internet Gold Golden 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.