Correlation Between Integer Holdings and Option Care

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

By analyzing existing cross correlation between Integer Holdings Corp and Option Care Health, you can compare the effects of market volatilities on Integer Holdings and Option Care 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 Integer Holdings with a short position of Option Care. Check out your portfolio center. Please also check ongoing floating volatility patterns of Integer Holdings and Option Care.

Diversification Opportunities for Integer Holdings and Option Care

-0.22

Correlation Coefficient

Integer Holdings  Option Care

Very good diversification

The 3 months correlation between Integer and Option is -0.22. Overlapping area represents the amount of risk that can be diversified away by holding Integer Holdings Corp and Option Care Health in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Option Care Health and Integer Holdings 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 Integer Holdings Corp are associated (or correlated) with Option Care. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Option Care Health has no effect on the direction of Integer Holdings i.e., Integer Holdings and Option Care go up and down completely randomly.

Pair Corralation between Integer Holdings and Option Care

Given the investment horizon of 90 days Integer Holdings Corp is expected to under-perform the Option Care. In addition to that, Integer Holdings is 2.26 times more volatile than Option Care Health. It trades about -0.12 of its total potential returns per unit of risk. Option Care Health is currently generating about 0.02 per unit of volatility. If you would invest  2,959  in Option Care Health on September 6, 2025 and sell it today you would earn a total of  31.00  from holding Option Care Health or generate 1.05% return on investment over 90 days.

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

Integer Holdings Corp  vs.  Option Care Health

Integer Holdings Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Integer Holdings Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with conflicting performance in the last few months, the Stock's technical and fundamental indicators remain relatively invariable which may send shares a bit higher in January 2026. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Option Care Health

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Option Care Health are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite fairly strong fundamental indicators, Option Care is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders.

Pair Trading with Integer Holdings and Option Care

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

The idea behind Integer Holdings Corp and Option Care Health 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.