Correlation Between Access Flex and Internet Ultrasector

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

By analyzing existing cross correlation between Access Flex High and Internet Ultrasector Profund, you can compare the effects of market volatilities on Access Flex and Internet Ultrasector 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 Access Flex with a short position of Internet Ultrasector. Check out your portfolio center. Please also check ongoing floating volatility patterns of Access Flex and Internet Ultrasector.

Diversification Opportunities for Access Flex and Internet Ultrasector

0.0

Correlation Coefficient

Access Flex  Internet Ultrasector

Pay attention - limited upside

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

Pair Corralation between Access Flex and Internet Ultrasector

If you would invest (100.00) in Internet Ultrasector Profund on May 14, 2025 and sell it today you would earn a total of  100.00  from holding Internet Ultrasector Profund or generate -100.0% return on investment over 90 days.

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

Access Flex High  vs.  Internet Ultrasector Profund

Access Flex High

Risk-Adjusted Performance

Good

Over the last 90 days Access Flex High has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Access Flex is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Internet Ultrasector

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Internet Ultrasector Profund are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Internet Ultrasector may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Access Flex and Internet Ultrasector

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

The idea behind Access Flex High and Internet Ultrasector Profund 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.