Correlation Between Xvivo Perfusion and Vitrolife

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

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

Diversification Opportunities for Xvivo Perfusion and Vitrolife

0.53

Correlation Coefficient

Xvivo Perfusion  Vitrolife

Very weak diversification

The 3 months correlation between Xvivo and Vitrolife is 0.53. Overlapping area represents the amount of risk that can be diversified away by holding Xvivo Perfusion AB and Vitrolife AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vitrolife AB and Xvivo Perfusion 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 Xvivo Perfusion AB are associated (or correlated) with Vitrolife. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vitrolife AB has no effect on the direction of Xvivo Perfusion i.e., Xvivo Perfusion and Vitrolife go up and down completely randomly.

Pair Corralation between Xvivo Perfusion and Vitrolife

Assuming the 90 days trading horizon Xvivo Perfusion AB is expected to under-perform the Vitrolife. In addition to that, Xvivo Perfusion is 2.33 times more volatile than Vitrolife AB. It trades about -0.08 of its total potential returns per unit of risk. Vitrolife AB is currently generating about -0.01 per unit of volatility. If you would invest  14,890  in Vitrolife AB on April 25, 2025 and sell it today you would lose (410.00) from holding Vitrolife AB or give up 2.75% of portfolio value over 90 days.

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

Xvivo Perfusion AB  vs.  Vitrolife AB

Xvivo Perfusion AB

Risk-Adjusted Performance

Very Weak

Over the last 90 days Xvivo Perfusion AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in August 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Vitrolife AB

Risk-Adjusted Performance

Very Weak

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

Pair Trading with Xvivo Perfusion and Vitrolife

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

The idea behind Xvivo Perfusion AB and Vitrolife 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.