Correlation Between IRSA Inversiones and Metalpha Technology

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

By analyzing existing cross correlation between IRSA Inversiones Y and Metalpha Technology Holding, you can compare the effects of market volatilities on IRSA Inversiones and Metalpha Technology 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 IRSA Inversiones with a short position of Metalpha Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of IRSA Inversiones and Metalpha Technology.

Diversification Opportunities for IRSA Inversiones and Metalpha Technology

-0.65

Correlation Coefficient

IRSA Inversiones  Metalpha Technology

Excellent diversification

The 3 months correlation between IRSA and Metalpha is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding IRSA Inversiones Y and Metalpha Technology Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Metalpha Technology and IRSA Inversiones 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 IRSA Inversiones Y are associated (or correlated) with Metalpha Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Metalpha Technology has no effect on the direction of IRSA Inversiones i.e., IRSA Inversiones and Metalpha Technology go up and down completely randomly.

Pair Corralation between IRSA Inversiones and Metalpha Technology

Considering the 90-day investment horizon IRSA Inversiones Y is expected to generate 1.06 times more return on investment than Metalpha Technology. However, IRSA Inversiones is 1.06 times more volatile than Metalpha Technology Holding. It trades about 0.06 of its potential returns per unit of risk. Metalpha Technology Holding is currently generating about 0.05 per unit of risk. If you would invest  1,505  in IRSA Inversiones Y on August 21, 2025 and sell it today you would earn a total of  174.00  from holding IRSA Inversiones Y or generate 11.56% return on investment over 90 days.

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

IRSA Inversiones Y  vs.  Metalpha Technology Holding

IRSA Inversiones Y

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in IRSA Inversiones Y are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively conflicting basic indicators, IRSA Inversiones unveiled solid returns over the last few months and may actually be approaching a breakup point.

Metalpha Technology

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Metalpha Technology Holding are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating basic indicators, Metalpha Technology demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with IRSA Inversiones and Metalpha Technology

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

The idea behind IRSA Inversiones Y and Metalpha Technology Holding 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.