Correlation Between Entegris and Dynatrace Holdings

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

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

Diversification Opportunities for Entegris and Dynatrace Holdings

0.53

Correlation Coefficient

Entegris  Dynatrace Holdings

Very weak diversification

The 3 months correlation between Entegris and Dynatrace is 0.53. Overlapping area represents the amount of risk that can be diversified away by holding Entegris and Dynatrace Holdings LLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dynatrace Holdings LLC and Entegris 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 Entegris are associated (or correlated) with Dynatrace Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dynatrace Holdings LLC has no effect on the direction of Entegris i.e., Entegris and Dynatrace Holdings go up and down completely randomly.

Pair Corralation between Entegris and Dynatrace Holdings

Given the investment horizon of 90 days Entegris is expected to generate 2.15 times more return on investment than Dynatrace Holdings. However, Entegris is 2.15 times more volatile than Dynatrace Holdings LLC. It trades about 0.02 of its potential returns per unit of risk. Dynatrace Holdings LLC is currently generating about -0.1 per unit of risk. If you would invest  9,219  in Entegris on October 7, 2025 and sell it today you would earn a total of  109.00  from holding Entegris or generate 1.18% return on investment over 90 days.

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

Entegris  vs.  Dynatrace Holdings LLC

Entegris

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Entegris are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, Entegris is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.

Dynatrace Holdings LLC

Risk-Adjusted Performance

Weakest

Over the last 90 days Dynatrace Holdings LLC has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Pair Trading with Entegris and Dynatrace Holdings

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

The idea behind Entegris and Dynatrace Holdings LLC 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.