Correlation Between Iargento and Cohen Dev

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

By analyzing existing cross correlation between Iargento Hi Tech and Cohen Dev, you can compare the effects of market volatilities on Iargento and Cohen Dev 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 Iargento with a short position of Cohen Dev. Check out your portfolio center. Please also check ongoing floating volatility patterns of Iargento and Cohen Dev.

Diversification Opportunities for Iargento and Cohen Dev

-0.35

Correlation Coefficient

Iargento  Cohen Dev

Very good diversification

The 3 months correlation between Iargento and Cohen is -0.35. Overlapping area represents the amount of risk that can be diversified away by holding Iargento Hi Tech and Cohen Dev in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cohen Dev and Iargento 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 Iargento Hi Tech are associated (or correlated) with Cohen Dev. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cohen Dev has no effect on the direction of Iargento i.e., Iargento and Cohen Dev go up and down completely randomly.

Pair Corralation between Iargento and Cohen Dev

Assuming the 90 days trading horizon Iargento Hi Tech is expected to under-perform the Cohen Dev. In addition to that, Iargento is 1.16 times more volatile than Cohen Dev. It trades about -0.11 of its total potential returns per unit of risk. Cohen Dev is currently generating about -0.03 per unit of volatility. If you would invest  2,154,268  in Cohen Dev on September 10, 2025 and sell it today you would lose (86,677) from holding Cohen Dev or give up 4.02% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	85.71%
Values	Daily Returns

Iargento Hi Tech  vs.  Cohen Dev

Iargento Hi Tech

Risk-Adjusted Performance

Weakest

Over the last 90 days Iargento Hi Tech has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

Cohen Dev

Risk-Adjusted Performance

Weakest

Over the last 90 days Cohen Dev has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Cohen Dev is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Iargento and Cohen Dev

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

The idea behind Iargento Hi Tech and Cohen Dev 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.