Correlation Between Cell Source and Evolva Holding

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

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

Diversification Opportunities for Cell Source and Evolva Holding

0.0

Correlation Coefficient

Cell Source  Evolva Holding

Pay attention - limited upside

The 3 months correlation between Cell and Evolva is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Cell Source and Evolva Holding SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Evolva Holding SA and Cell Source 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 Cell Source are associated (or correlated) with Evolva Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Evolva Holding SA has no effect on the direction of Cell Source i.e., Cell Source and Evolva Holding go up and down completely randomly.

Pair Corralation between Cell Source and Evolva Holding

If you would invest  27.00  in Cell Source on May 19, 2025 and sell it today you would earn a total of  8.00  from holding Cell Source or generate 29.63% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

Cell Source  vs.  Evolva Holding SA

Cell Source

Risk-Adjusted Performance

Mild

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

Evolva Holding SA

Risk-Adjusted Performance

Weakest

Over the last 90 days Evolva Holding SA has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Evolva Holding is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Cell Source and Evolva Holding

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

The idea behind Cell Source and Evolva Holding SA 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.

Check out your portfolio center.

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.