Correlation Between Criteo Sa and AMREP

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

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

Diversification Opportunities for Criteo Sa and AMREP

-0.17

Correlation Coefficient

Criteo Sa  AMREP

Good diversification

The 3 months correlation between Criteo and AMREP is -0.17. Overlapping area represents the amount of risk that can be diversified away by holding Criteo Sa and AMREP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AMREP and Criteo Sa 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 Criteo Sa are associated (or correlated) with AMREP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AMREP has no effect on the direction of Criteo Sa i.e., Criteo Sa and AMREP go up and down completely randomly.

Pair Corralation between Criteo Sa and AMREP

Given the investment horizon of 90 days Criteo Sa is expected to under-perform the AMREP. But the stock apears to be less risky and, when comparing its historical volatility, Criteo Sa is 1.4 times less risky than AMREP. The stock trades about -0.14 of its potential returns per unit of risk. The AMREP is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest  2,363  in AMREP on May 15, 2025 and sell it today you would lose (98.00) from holding AMREP or give up 4.15% of portfolio value over 90 days.

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

Criteo Sa  vs.  AMREP

Criteo Sa

Risk-Adjusted Performance

Weakest

Over the last 90 days Criteo Sa has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in September 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

AMREP

Risk-Adjusted Performance

Weakest

Over the last 90 days AMREP has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, AMREP is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors.

Pair Trading with Criteo Sa and AMREP

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

The idea behind Criteo Sa and AMREP 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.