Correlation Between Mobivity Holdings and TeamViewer

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

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

Diversification Opportunities for Mobivity Holdings and TeamViewer

0.1

Correlation Coefficient

Mobivity Holdings  TeamViewer

Average diversification

The 3 months correlation between Mobivity and TeamViewer is 0.1. Overlapping area represents the amount of risk that can be diversified away by holding Mobivity Holdings and TeamViewer AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TeamViewer AG and Mobivity 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 Mobivity Holdings are associated (or correlated) with TeamViewer. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TeamViewer AG has no effect on the direction of Mobivity Holdings i.e., Mobivity Holdings and TeamViewer go up and down completely randomly.

Pair Corralation between Mobivity Holdings and TeamViewer

Given the investment horizon of 90 days Mobivity Holdings is expected to generate 4.25 times more return on investment than TeamViewer. However, Mobivity Holdings is 4.25 times more volatile than TeamViewer AG. It trades about 0.03 of its potential returns per unit of risk. TeamViewer AG is currently generating about 0.0 per unit of risk. If you would invest  98.00  in Mobivity Holdings on February 2, 2025 and sell it today you would lose (65.00) from holding Mobivity Holdings or give up 66.33% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	99.8%
Values	Daily Returns

Mobivity Holdings  vs.  TeamViewer AG

Mobivity Holdings

Risk-Adjusted Performance

Insignificant

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

TeamViewer AG

Risk-Adjusted Performance

Good

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

Pair Trading with Mobivity Holdings and TeamViewer

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

The idea behind Mobivity Holdings and TeamViewer AG 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.