Correlation Between Intervacc and CIRCHEM AB

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

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

Diversification Opportunities for Intervacc and CIRCHEM AB

0.0

Correlation Coefficient

Intervacc  CIRCHEM AB

Pay attention - limited upside

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

Pair Corralation between Intervacc and CIRCHEM AB

If you would invest  94.00  in Intervacc AB on April 23, 2025 and sell it today you would earn a total of  5.00  from holding Intervacc AB or generate 5.32% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.67%
Values	Daily Returns

Intervacc AB  vs.  CIRCHEM AB

Intervacc AB

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Intervacc AB are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Intervacc may actually be approaching a critical reversion point that can send shares even higher in August 2025.

CIRCHEM AB

Risk-Adjusted Performance

Very Weak

Over the last 90 days CIRCHEM AB has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, CIRCHEM AB is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Intervacc and CIRCHEM AB

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

The idea behind Intervacc AB and CIRCHEM 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.