Correlation Between Ascom Holding and S H

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

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

Diversification Opportunities for Ascom Holding and S H

-0.19

Correlation Coefficient

Ascom Holding  S H

Good diversification

The 3 months correlation between Ascom and SHLTN is -0.19. Overlapping area represents the amount of risk that can be diversified away by holding Ascom Holding AG and S H L in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on S H L and Ascom Holding 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 Ascom Holding AG are associated (or correlated) with S H. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of S H L has no effect on the direction of Ascom Holding i.e., Ascom Holding and S H go up and down completely randomly.

Pair Corralation between Ascom Holding and S H

Assuming the 90 days trading horizon Ascom Holding AG is expected to under-perform the S H. But the stock apears to be less risky and, when comparing its historical volatility, Ascom Holding AG is 9.4 times less risky than S H. The stock trades about -0.01 of its potential returns per unit of risk. The S H L is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest  66.00  in S H L on September 11, 2025 and sell it today you would earn a total of  34.00  from holding S H L or generate 51.52% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	95.65%
Values	Daily Returns

Ascom Holding AG  vs.  S H L

Ascom Holding AG

Risk-Adjusted Performance

Weakest

Over the last 90 days Ascom Holding AG has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's basic indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors.

S H L

Risk-Adjusted Performance

Mild

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

Pair Trading with Ascom Holding and S H

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

The idea behind Ascom Holding AG and S H L 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.