Correlation Between CryoCell International and Airsculpt Technologies

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

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

Diversification Opportunities for CryoCell International and Airsculpt Technologies

0.13

Correlation Coefficient

CryoCell International  Airsculpt Technologies

Average diversification

The 3 months correlation between CryoCell and Airsculpt is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding CryoCell International and Airsculpt Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Airsculpt Technologies and CryoCell International 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 CryoCell International are associated (or correlated) with Airsculpt Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Airsculpt Technologies has no effect on the direction of CryoCell International i.e., CryoCell International and Airsculpt Technologies go up and down completely randomly.

Pair Corralation between CryoCell International and Airsculpt Technologies

Given the investment horizon of 90 days CryoCell International is expected to generate 11.53 times less return on investment than Airsculpt Technologies. But when comparing it to its historical volatility, CryoCell International is 1.66 times less risky than Airsculpt Technologies. It trades about 0.05 of its potential returns per unit of risk. Airsculpt Technologies is currently generating about 0.32 of returns per unit of risk over similar time horizon. If you would invest  230.00  in Airsculpt Technologies on May 6, 2025 and sell it today you would earn a total of  362.00  from holding Airsculpt Technologies or generate 157.39% return on investment over 90 days.

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

CryoCell International  vs.  Airsculpt Technologies

CryoCell International

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in CryoCell International are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite quite uncertain technical and fundamental indicators, CryoCell International may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Airsculpt Technologies

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Airsculpt Technologies are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively inconsistent basic indicators, Airsculpt Technologies unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with CryoCell International and Airsculpt Technologies

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

The idea behind CryoCell International and Airsculpt Technologies 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.