Correlation Between Fund and Integer Holdings

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

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

Diversification Opportunities for Fund and Integer Holdings

-0.39

Correlation Coefficient

Fund  Integer Holdings

Very good diversification

The 3 months correlation between Fund and Integer is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding Fund Inc and Integer Holdings Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Integer Holdings Corp and Fund 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 Fund Inc are associated (or correlated) with Integer Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Integer Holdings Corp has no effect on the direction of Fund i.e., Fund and Integer Holdings go up and down completely randomly.

Pair Corralation between Fund and Integer Holdings

Given the investment horizon of 90 days Fund Inc is expected to generate 0.01 times more return on investment than Integer Holdings. However, Fund Inc is 76.98 times less risky than Integer Holdings. It trades about 0.12 of its potential returns per unit of risk. Integer Holdings Corp is currently generating about -0.12 per unit of risk. If you would invest  224.00  in Fund Inc on July 27, 2025 and sell it today you would earn a total of  1.00  from holding Fund Inc or generate 0.45% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.46%
Values	Daily Returns

Fund Inc  vs.  Integer Holdings Corp

Fund Inc

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Fund Inc are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy fundamental indicators, Fund is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors.

Integer Holdings Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Integer Holdings Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's technical and fundamental indicators remain relatively invariable which may send shares a bit higher in November 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Pair Trading with Fund and Integer Holdings

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

The idea behind Fund Inc and Integer Holdings Corp 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 Global Correlations module to find global opportunities by holding instruments from different markets.