Correlation Between Mobilezone and Investis Holding

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

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

Diversification Opportunities for Mobilezone and Investis Holding

0.58

Correlation Coefficient

Mobilezone  Investis Holding

Very weak diversification

The 3 months correlation between Mobilezone and Investis is 0.58. Overlapping area represents the amount of risk that can be diversified away by holding mobilezone 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 Mobilezone 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 mobilezone 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 Mobilezone i.e., Mobilezone and Investis Holding go up and down completely randomly.

Pair Corralation between Mobilezone and Investis Holding

Assuming the 90 days trading horizon Mobilezone is expected to generate 1.39 times less return on investment than Investis Holding. In addition to that, Mobilezone is 1.77 times more volatile than Investis Holding SA. It trades about 0.06 of its total potential returns per unit of risk. Investis Holding SA is currently generating about 0.15 per unit of volatility. If you would invest  11,801  in Investis Holding SA on April 24, 2025 and sell it today you would earn a total of  849.00  from holding Investis Holding SA or generate 7.19% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	98.39%
Values	Daily Returns

mobilezone ag  vs.  Investis Holding SA

mobilezone ag

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in mobilezone ag are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly stable basic indicators, Mobilezone is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

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 Mobilezone and Investis Holding

The main advantage of trading using opposite Mobilezone and Investis Holding positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mobilezone 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 mobilezone 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 Valuation module to check real value of public entities based on technical and fundamental data.