Correlation Between Salesforce and Cellectis

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

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

Diversification Opportunities for Salesforce and Cellectis

-0.75

Correlation Coefficient

Salesforce  Cellectis

Pay attention - limited upside

The 3 months correlation between Salesforce and Cellectis is -0.75. Overlapping area represents the amount of risk that can be diversified away by holding Salesforce and Cellectis SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cellectis SA and Salesforce 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 Salesforce are associated (or correlated) with Cellectis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cellectis SA has no effect on the direction of Salesforce i.e., Salesforce and Cellectis go up and down completely randomly.

Pair Corralation between Salesforce and Cellectis

Considering the 90-day investment horizon Salesforce is expected to under-perform the Cellectis. But the stock apears to be less risky and, when comparing its historical volatility, Salesforce is 2.02 times less risky than Cellectis. The stock trades about -0.09 of its potential returns per unit of risk. The Cellectis SA is currently generating about 0.36 of returns per unit of risk over similar time horizon. If you would invest  259.00  in Cellectis SA on July 1, 2025 and sell it today you would earn a total of  77.00  from holding Cellectis SA or generate 29.73% return on investment over 90 days.

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

Salesforce  vs.  Cellectis SA

Salesforce

Risk-Adjusted Performance

Weakest

Over the last 90 days Salesforce has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's basic indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the firm investors.

Cellectis SA

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Cellectis SA are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak essential indicators, Cellectis unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Salesforce and Cellectis

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

The idea behind Salesforce and Cellectis 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.