Correlation Between Optex Systems and IRSA Inversiones

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

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

Diversification Opportunities for Optex Systems and IRSA Inversiones

0.2

Correlation Coefficient

Optex Systems  IRSA Inversiones

Modest diversification

The 3 months correlation between Optex and IRSA is 0.2. Overlapping area represents the amount of risk that can be diversified away by holding Optex Systems Holdings, and IRSA Inversiones Y in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IRSA Inversiones Y and Optex Systems 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 Optex Systems Holdings, are associated (or correlated) with IRSA Inversiones. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IRSA Inversiones Y has no effect on the direction of Optex Systems i.e., Optex Systems and IRSA Inversiones go up and down completely randomly.

Pair Corralation between Optex Systems and IRSA Inversiones

Given the investment horizon of 90 days Optex Systems is expected to generate 1.18 times less return on investment than IRSA Inversiones. But when comparing it to its historical volatility, Optex Systems Holdings, is 1.22 times less risky than IRSA Inversiones. It trades about 0.12 of its potential returns per unit of risk. IRSA Inversiones Y is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest  1,147  in IRSA Inversiones Y on September 7, 2025 and sell it today you would earn a total of  368.00  from holding IRSA Inversiones Y or generate 32.08% return on investment over 90 days.

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

Optex Systems Holdings,  vs.  IRSA Inversiones Y

Optex Systems Holdings,

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Optex Systems Holdings, are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady basic indicators, Optex Systems unveiled solid returns over the last few months and may actually be approaching a breakup point.

IRSA Inversiones Y

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in IRSA Inversiones Y are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, IRSA Inversiones unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Optex Systems and IRSA Inversiones

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

The idea behind Optex Systems Holdings, and IRSA Inversiones Y 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.