Correlation Between YieldMax N and SYSTEMAIR

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

By analyzing existing cross correlation between YieldMax N Option and SYSTEMAIR AB, you can compare the effects of market volatilities on YieldMax N and SYSTEMAIR 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 YieldMax N with a short position of SYSTEMAIR. Check out your portfolio center. Please also check ongoing floating volatility patterns of YieldMax N and SYSTEMAIR.

Diversification Opportunities for YieldMax N and SYSTEMAIR

0.07

Correlation Coefficient

YieldMax N  SYSTEMAIR

Significant diversification

The 3 months correlation between YieldMax and SYSTEMAIR is 0.07. Overlapping area represents the amount of risk that can be diversified away by holding YieldMax N Option and SYSTEMAIR AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SYSTEMAIR AB and YieldMax N 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 YieldMax N Option are associated (or correlated) with SYSTEMAIR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SYSTEMAIR AB has no effect on the direction of YieldMax N i.e., YieldMax N and SYSTEMAIR go up and down completely randomly.

Pair Corralation between YieldMax N and SYSTEMAIR

Given the investment horizon of 90 days YieldMax N Option is expected to under-perform the SYSTEMAIR. In addition to that, YieldMax N is 2.06 times more volatile than SYSTEMAIR AB. It trades about -0.09 of its total potential returns per unit of risk. SYSTEMAIR AB is currently generating about -0.16 per unit of volatility. If you would invest  820.00  in SYSTEMAIR AB on July 21, 2025 and sell it today you would lose (130.00) from holding SYSTEMAIR AB or give up 15.85% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	98.48%
Values	Daily Returns

YieldMax N Option  vs.  SYSTEMAIR AB

YieldMax N Option

Risk-Adjusted Performance

Weakest

Over the last 90 days YieldMax N Option has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Etf's basic indicators remain fairly strong which may send shares a bit higher in November 2025. The current disturbance may also be a sign of long term up-swing for the ETF investors.

SYSTEMAIR AB

Risk-Adjusted Performance

Weakest

Over the last 90 days SYSTEMAIR AB 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 November 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with YieldMax N and SYSTEMAIR

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

The idea behind YieldMax N Option and SYSTEMAIR AB 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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..