Correlation Between Immunitybio and Safe Pro

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

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

Diversification Opportunities for Immunitybio and Safe Pro

-0.43

Correlation Coefficient

Immunitybio  Safe Pro

Very good diversification

The 3 months correlation between Immunitybio and Safe is -0.43. Overlapping area represents the amount of risk that can be diversified away by holding Immunitybio and Safe Pro Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Safe Pro Group and Immunitybio 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 Immunitybio are associated (or correlated) with Safe Pro. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Safe Pro Group has no effect on the direction of Immunitybio i.e., Immunitybio and Safe Pro go up and down completely randomly.

Pair Corralation between Immunitybio and Safe Pro

Given the investment horizon of 90 days Immunitybio is expected to under-perform the Safe Pro. But the stock apears to be less risky and, when comparing its historical volatility, Immunitybio is 2.19 times less risky than Safe Pro. The stock trades about -0.02 of its potential returns per unit of risk. The Safe Pro Group is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest  272.00  in Safe Pro Group on May 27, 2025 and sell it today you would earn a total of  412.00  from holding Safe Pro Group or generate 151.47% return on investment over 90 days.

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

Immunitybio  vs.  Safe Pro Group

Immunitybio

Risk-Adjusted Performance

Weakest

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

Safe Pro Group

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Safe Pro Group are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating basic indicators, Safe Pro demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Immunitybio and Safe Pro

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

The idea behind Immunitybio and Safe Pro Group 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.