Correlation Between Airesis SA and Interroll Holding

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

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

Diversification Opportunities for Airesis SA and Interroll Holding

-0.72

Correlation Coefficient

Airesis SA  Interroll Holding

Pay attention - limited upside

The 3 months correlation between Airesis and Interroll is -0.72. Overlapping area represents the amount of risk that can be diversified away by holding Airesis SA and Interroll Holding AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Interroll Holding and Airesis SA 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 Airesis SA are associated (or correlated) with Interroll Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Interroll Holding has no effect on the direction of Airesis SA i.e., Airesis SA and Interroll Holding go up and down completely randomly.

Pair Corralation between Airesis SA and Interroll Holding

Assuming the 90 days trading horizon Airesis SA is expected to under-perform the Interroll Holding. In addition to that, Airesis SA is 5.65 times more volatile than Interroll Holding AG. It trades about -0.06 of its total potential returns per unit of risk. Interroll Holding AG is currently generating about 0.25 per unit of volatility. If you would invest  177,100  in Interroll Holding AG on April 30, 2025 and sell it today you would earn a total of  69,900  from holding Interroll Holding AG or generate 39.47% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	93.44%
Values	Daily Returns

Airesis SA  vs.  Interroll Holding AG

Airesis SA

Risk-Adjusted Performance

Very Weak

Over the last 90 days Airesis SA has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in August 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors.

Interroll Holding

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Interroll Holding AG are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Interroll Holding showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Airesis SA and Interroll Holding

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

The idea behind Airesis SA and Interroll Holding AG 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.