Correlation Between AIM ImmunoTech and AppYea

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

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

Diversification Opportunities for AIM ImmunoTech and AppYea

-0.51

Correlation Coefficient

AIM ImmunoTech  AppYea

Excellent diversification

The 3 months correlation between AIM and AppYea is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding AIM ImmunoTech and AppYea Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AppYea Inc and AIM ImmunoTech 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 AIM ImmunoTech are associated (or correlated) with AppYea. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AppYea Inc has no effect on the direction of AIM ImmunoTech i.e., AIM ImmunoTech and AppYea go up and down completely randomly.

Pair Corralation between AIM ImmunoTech and AppYea

Considering the 90-day investment horizon AIM ImmunoTech is expected to generate 0.31 times more return on investment than AppYea. However, AIM ImmunoTech is 3.27 times less risky than AppYea. It trades about 0.16 of its potential returns per unit of risk. AppYea Inc is currently generating about -0.04 per unit of risk. If you would invest  250.00  in AIM ImmunoTech on June 28, 2025 and sell it today you would earn a total of  22.97  from holding AIM ImmunoTech or generate 9.19% return on investment over 90 days.

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

AIM ImmunoTech  vs.  AppYea Inc

AIM ImmunoTech

Risk-Adjusted Performance

Weakest

Over the last 90 days AIM ImmunoTech has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's forward indicators remain very healthy which may send shares a bit higher in October 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

AppYea Inc

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in AppYea Inc are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Even with relatively unfluctuating basic indicators, AppYea reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with AIM ImmunoTech and AppYea

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

The idea behind AIM ImmunoTech and AppYea Inc 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.