Correlation Between Intervacc and C Rad

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

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

Diversification Opportunities for Intervacc and C Rad

0.0

Correlation Coefficient

Intervacc  C Rad

Pay attention - limited upside

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

Pair Corralation between Intervacc and C Rad

If you would invest  3,035  in C Rad AB on May 7, 2025 and sell it today you would earn a total of  340.00  from holding C Rad AB or generate 11.2% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Intervacc AB  vs.  C Rad AB

Intervacc AB

Risk-Adjusted Performance

Weakest

Over the last 90 days Intervacc AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Intervacc is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

C Rad AB

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in C Rad AB are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, C Rad may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Intervacc and C Rad

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

The idea behind Intervacc AB and C Rad AB 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.