Correlation Between Intra Cellular and Amphastar

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Can any of the company-specific risk be diversified away by investing in both Intra Cellular and Amphastar 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 Intra Cellular and Amphastar into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Intra Cellular Therapies and Amphastar P, you can compare the effects of market volatilities on Intra Cellular and Amphastar 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 Intra Cellular with a short position of Amphastar. Check out your portfolio center. Please also check ongoing floating volatility patterns of Intra Cellular and Amphastar.

Diversification Opportunities for Intra Cellular and Amphastar

0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between Intra and Amphastar is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Intra Cellular Therapies and Amphastar P in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amphastar P and Intra Cellular 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 Intra Cellular Therapies are associated (or correlated) with Amphastar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amphastar P has no effect on the direction of Intra Cellular i.e., Intra Cellular and Amphastar go up and down completely randomly.

Pair Corralation between Intra Cellular and Amphastar

If you would invest  13,187  in Intra Cellular Therapies on May 3, 2025 and sell it today you would earn a total of  0.00  from holding Intra Cellular Therapies or generate 0.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.64%
ValuesDaily Returns

Intra Cellular Therapies  vs.  Amphastar P

 Performance 
       Timeline  
Intra Cellular Therapies 

Risk-Adjusted Performance

Very Weak

 
Weak
 
Strong
Over the last 90 days Intra Cellular Therapies has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong fundamental indicators, Intra Cellular is not utilizing all of its potentials. The newest stock price confusion, may contribute to short-horizon losses for the traders.
Amphastar P 

Risk-Adjusted Performance

Very Weak

 
Weak
 
Strong
Over the last 90 days Amphastar P 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 fairly strong which may send shares a bit higher in September 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Intra Cellular and Amphastar Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Intra Cellular and Amphastar

The main advantage of trading using opposite Intra Cellular and Amphastar positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Intra Cellular position performs unexpectedly, Amphastar 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 Amphastar will offset losses from the drop in Amphastar's long position.
The idea behind Intra Cellular Therapies and Amphastar P 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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