Correlation Between Getty Images and ACCESS Newswire

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

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

Diversification Opportunities for Getty Images and ACCESS Newswire

-0.66

Correlation Coefficient

Getty Images  ACCESS Newswire

Excellent diversification

The 3 months correlation between Getty and ACCESS is -0.66. Overlapping area represents the amount of risk that can be diversified away by holding Getty Images Holdings and ACCESS Newswire in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ACCESS Newswire and Getty Images 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 Getty Images Holdings are associated (or correlated) with ACCESS Newswire. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ACCESS Newswire has no effect on the direction of Getty Images i.e., Getty Images and ACCESS Newswire go up and down completely randomly.

Pair Corralation between Getty Images and ACCESS Newswire

Given the investment horizon of 90 days Getty Images Holdings is expected to generate 1.43 times more return on investment than ACCESS Newswire. However, Getty Images is 1.43 times more volatile than ACCESS Newswire. It trades about 0.1 of its potential returns per unit of risk. ACCESS Newswire is currently generating about -0.07 per unit of risk. If you would invest  166.00  in Getty Images Holdings on June 29, 2025 and sell it today you would earn a total of  35.00  from holding Getty Images Holdings or generate 21.08% return on investment over 90 days.

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

Getty Images Holdings  vs.  ACCESS Newswire

Getty Images Holdings

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Getty Images Holdings are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly sluggish basic indicators, Getty Images showed solid returns over the last few months and may actually be approaching a breakup point.

ACCESS Newswire

Risk-Adjusted Performance

Weakest

Over the last 90 days ACCESS Newswire has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Stock's fundamental 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 Getty Images and ACCESS Newswire

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

The idea behind Getty Images Holdings and ACCESS Newswire 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.