Correlation Between AIM ImmunoTech and GBS

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

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

Diversification Opportunities for AIM ImmunoTech and GBS

0.0

Correlation Coefficient

AIM ImmunoTech  GBS

Pay attention - limited upside

The 3 months correlation between AIM and GBS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AIM ImmunoTech and GBS Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on GBS 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 GBS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of GBS Inc has no effect on the direction of AIM ImmunoTech i.e., AIM ImmunoTech and GBS go up and down completely randomly.

Pair Corralation between AIM ImmunoTech and GBS

If you would invest (100.00) in GBS Inc on August 4, 2025 and sell it today you would earn a total of  100.00  from holding GBS Inc or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

AIM ImmunoTech  vs.  GBS 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 fragile performance in the last few months, the Stock's forward indicators remain very healthy which may send shares a bit higher in December 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

GBS Inc

Risk-Adjusted Performance

Weakest

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

Pair Trading with AIM ImmunoTech and GBS

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

The idea behind AIM ImmunoTech and GBS 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.