Correlation Between Alignment Healthcare and Integer Holdings

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

By analyzing existing cross correlation between Alignment Healthcare LLC and Integer Holdings Corp, you can compare the effects of market volatilities on Alignment Healthcare and Integer Holdings 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 Alignment Healthcare with a short position of Integer Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Alignment Healthcare and Integer Holdings.

Diversification Opportunities for Alignment Healthcare and Integer Holdings

-0.28

Correlation Coefficient

Alignment Healthcare  Integer Holdings

Very good diversification

The 3 months correlation between Alignment and Integer is -0.28. Overlapping area represents the amount of risk that can be diversified away by holding Alignment Healthcare LLC and Integer Holdings Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Integer Holdings Corp and Alignment Healthcare 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 Alignment Healthcare LLC are associated (or correlated) with Integer Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Integer Holdings Corp has no effect on the direction of Alignment Healthcare i.e., Alignment Healthcare and Integer Holdings go up and down completely randomly.

Pair Corralation between Alignment Healthcare and Integer Holdings

Given the investment horizon of 90 days Alignment Healthcare LLC is expected to generate 0.51 times more return on investment than Integer Holdings. However, Alignment Healthcare LLC is 1.95 times less risky than Integer Holdings. It trades about 0.15 of its potential returns per unit of risk. Integer Holdings Corp is currently generating about -0.1 per unit of risk. If you would invest  1,648  in Alignment Healthcare LLC on September 18, 2025 and sell it today you would earn a total of  355.00  from holding Alignment Healthcare LLC or generate 21.54% return on investment over 90 days.

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

Alignment Healthcare LLC  vs.  Integer Holdings Corp

Alignment Healthcare LLC

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Alignment Healthcare LLC are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting technical indicators, Alignment Healthcare exhibited solid returns over the last few months and may actually be approaching a breakup point.

Integer Holdings Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Integer Holdings Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's technical and fundamental indicators remain relatively invariable which may send shares a bit higher in January 2026. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Pair Trading with Alignment Healthcare and Integer Holdings

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

The idea behind Alignment Healthcare LLC and Integer Holdings Corp 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 Commodity Directory module to find actively traded commodities issued by global exchanges.