Correlation Between 4imprint Group and International Precious

Can any of the company-specific risk be diversified away by investing in both 4imprint Group and International Precious 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 4imprint Group and International Precious into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between 4imprint Group plc and International Precious Minerals, you can compare the effects of market volatilities on 4imprint Group and International Precious 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 4imprint Group with a short position of International Precious. Check out your portfolio center. Please also check ongoing floating volatility patterns of 4imprint Group and International Precious.

Diversification Opportunities for 4imprint Group and International Precious

0.0

Correlation Coefficient

4imprint Group  International Precious

Pay attention - limited upside

The 3 months correlation between 4imprint and International is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding 4imprint Group plc and International Precious Mineral in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on International Precious and 4imprint Group 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 4imprint Group plc are associated (or correlated) with International Precious. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of International Precious has no effect on the direction of 4imprint Group i.e., 4imprint Group and International Precious go up and down completely randomly.

Pair Corralation between 4imprint Group and International Precious

If you would invest  0.01  in International Precious Minerals on May 7, 2025 and sell it today you would earn a total of  0.00  from holding International Precious Minerals or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	93.44%
Values	Daily Returns

4imprint Group plc  vs.  International Precious Mineral

4imprint Group plc

Risk-Adjusted Performance

Very Weak

Over the last 90 days 4imprint Group plc 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 technical and fundamental indicators remain nearly stable which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

International Precious

Risk-Adjusted Performance

Very Weak

Over the last 90 days International Precious Minerals has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable primary indicators, International Precious is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with 4imprint Group and International Precious

The main advantage of trading using opposite 4imprint Group and International Precious positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 4imprint Group position performs unexpectedly, International Precious 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 International Precious will offset losses from the drop in International Precious' long position.

The idea behind 4imprint Group plc and International Precious Minerals 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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.