Correlation Between SaveLend Group and OptiCept Technologies

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

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

Diversification Opportunities for SaveLend Group and OptiCept Technologies

0.26

Correlation Coefficient

SaveLend Group  OptiCept Technologies

Modest diversification

The 3 months correlation between SaveLend and OptiCept is 0.26. Overlapping area represents the amount of risk that can be diversified away by holding SaveLend Group AB and OptiCept Technologies AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on OptiCept Technologies and SaveLend 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 SaveLend Group AB are associated (or correlated) with OptiCept Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OptiCept Technologies has no effect on the direction of SaveLend Group i.e., SaveLend Group and OptiCept Technologies go up and down completely randomly.

Pair Corralation between SaveLend Group and OptiCept Technologies

Assuming the 90 days trading horizon SaveLend Group AB is expected to under-perform the OptiCept Technologies. But the stock apears to be less risky and, when comparing its historical volatility, SaveLend Group AB is 1.87 times less risky than OptiCept Technologies. The stock trades about -0.07 of its potential returns per unit of risk. The OptiCept Technologies AB is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest  821.00  in OptiCept Technologies AB on April 13, 2025 and sell it today you would lose (443.00) from holding OptiCept Technologies AB or give up 53.96% of portfolio value over 90 days.

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

SaveLend Group AB  vs.  OptiCept Technologies AB

SaveLend Group AB

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in SaveLend Group AB are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively abnormal basic indicators, SaveLend Group may actually be approaching a critical reversion point that can send shares even higher in August 2025.

OptiCept Technologies

Risk-Adjusted Performance

Very Weak

Over the last 90 days OptiCept Technologies AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Pair Trading with SaveLend Group and OptiCept Technologies

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

The idea behind SaveLend Group AB and OptiCept Technologies 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.

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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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.