Correlation Between Gain Therapeutics and Adicet Bio

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

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

Diversification Opportunities for Gain Therapeutics and Adicet Bio

-0.13

Correlation Coefficient

Gain Therapeutics  Adicet Bio

Good diversification

The 3 months correlation between Gain and Adicet is -0.13. Overlapping area represents the amount of risk that can be diversified away by holding Gain Therapeutics and Adicet Bio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Adicet Bio and Gain Therapeutics 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 Gain Therapeutics are associated (or correlated) with Adicet Bio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Adicet Bio has no effect on the direction of Gain Therapeutics i.e., Gain Therapeutics and Adicet Bio go up and down completely randomly.

Pair Corralation between Gain Therapeutics and Adicet Bio

Given the investment horizon of 90 days Gain Therapeutics is expected to generate 1.18 times more return on investment than Adicet Bio. However, Gain Therapeutics is 1.18 times more volatile than Adicet Bio. It trades about 0.16 of its potential returns per unit of risk. Adicet Bio is currently generating about 0.03 per unit of risk. If you would invest  169.00  in Gain Therapeutics on August 19, 2025 and sell it today you would earn a total of  114.00  from holding Gain Therapeutics or generate 67.46% return on investment over 90 days.

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

Gain Therapeutics  vs.  Adicet Bio

Gain Therapeutics

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Gain Therapeutics are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Gain Therapeutics showed solid returns over the last few months and may actually be approaching a breakup point.

Adicet Bio

Risk-Adjusted Performance

Weakest

Compared to the overall equity markets, risk-adjusted returns on investments in Adicet Bio are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively conflicting technical and fundamental indicators, Adicet Bio may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with Gain Therapeutics and Adicet Bio

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

The idea behind Gain Therapeutics and Adicet Bio 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.