Correlation Between Artis REIT and IES Holdings

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

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

Diversification Opportunities for Artis REIT and IES Holdings

-0.76

Correlation Coefficient

Artis REIT  IES Holdings

Pay attention - limited upside

The 3 months correlation between Artis and IES is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding Artis REIT and IES Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IES Holdings and Artis REIT 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 Artis REIT are associated (or correlated) with IES Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IES Holdings has no effect on the direction of Artis REIT i.e., Artis REIT and IES Holdings go up and down completely randomly.

Pair Corralation between Artis REIT and IES Holdings

Assuming the 90 days horizon Artis REIT is expected to under-perform the IES Holdings. But the otc stock apears to be less risky and, when comparing its historical volatility, Artis REIT is 1.85 times less risky than IES Holdings. The otc stock trades about -0.14 of its potential returns per unit of risk. The IES Holdings is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  34,163  in IES Holdings on August 3, 2025 and sell it today you would earn a total of  5,025  from holding IES Holdings or generate 14.71% return on investment over 90 days.

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

Artis REIT  vs.  IES Holdings

Artis REIT

Risk-Adjusted Performance

Weakest

Over the last 90 days Artis REIT has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

IES Holdings

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in IES Holdings are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating basic indicators, IES Holdings exhibited solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Artis REIT and IES Holdings

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

The idea behind Artis REIT and IES Holdings 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.