Correlation Between Greek Organization and Intralot

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

By analyzing existing cross correlation between Greek Organization of and Intralot SA Integrated, you can compare the effects of market volatilities on Greek Organization and Intralot 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 Greek Organization with a short position of Intralot. Check out your portfolio center. Please also check ongoing floating volatility patterns of Greek Organization and Intralot.

Diversification Opportunities for Greek Organization and Intralot

0.41

Correlation Coefficient

Greek Organization  Intralot

Very weak diversification

The 3 months correlation between Greek and Intralot is 0.41. Overlapping area represents the amount of risk that can be diversified away by holding Greek Organization of and Intralot SA Integrated in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intralot SA Integrated and Greek Organization 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 Greek Organization of are associated (or correlated) with Intralot. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intralot SA Integrated has no effect on the direction of Greek Organization i.e., Greek Organization and Intralot go up and down completely randomly.

Pair Corralation between Greek Organization and Intralot

Assuming the 90 days trading horizon Greek Organization of is expected to under-perform the Intralot. But the stock apears to be less risky and, when comparing its historical volatility, Greek Organization of is 1.12 times less risky than Intralot. The stock trades about -0.06 of its potential returns per unit of risk. The Intralot SA Integrated is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  110.00  in Intralot SA Integrated on August 1, 2025 and sell it today you would earn a total of  2.00  from holding Intralot SA Integrated or generate 1.82% return on investment over 90 days.

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

Greek Organization of  vs.  Intralot SA Integrated

Greek Organization

Risk-Adjusted Performance

Weakest

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

Intralot SA Integrated

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Intralot SA Integrated are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Intralot is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Greek Organization and Intralot

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

The idea behind Greek Organization of and Intralot SA Integrated 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.