Correlation Between Invisio Communications and Asker Healthcare

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

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

Diversification Opportunities for Invisio Communications and Asker Healthcare

-0.33

Correlation Coefficient

Invisio Communications  Asker Healthcare

Very good diversification

The 3 months correlation between Invisio and Asker is -0.33. Overlapping area represents the amount of risk that can be diversified away by holding Invisio Communications AB and Asker Healthcare in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Asker Healthcare and Invisio Communications 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 Invisio Communications AB are associated (or correlated) with Asker Healthcare. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Asker Healthcare has no effect on the direction of Invisio Communications i.e., Invisio Communications and Asker Healthcare go up and down completely randomly.

Pair Corralation between Invisio Communications and Asker Healthcare

Assuming the 90 days trading horizon Invisio Communications AB is expected to generate 0.51 times more return on investment than Asker Healthcare. However, Invisio Communications AB is 1.98 times less risky than Asker Healthcare. It trades about 0.02 of its potential returns per unit of risk. Asker Healthcare is currently generating about -0.14 per unit of risk. If you would invest  33,600  in Invisio Communications AB on April 22, 2025 and sell it today you would earn a total of  150.00  from holding Invisio Communications AB or generate 0.45% return on investment over 90 days.

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

Invisio Communications AB  vs.  Asker Healthcare

Invisio Communications

Risk-Adjusted Performance

Weak

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

Asker Healthcare

Risk-Adjusted Performance

Solid

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

Pair Trading with Invisio Communications and Asker Healthcare

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

The idea behind Invisio Communications AB and Asker Healthcare 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.