Correlation Between Inspecs Group and Semler Scientific

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

By analyzing existing cross correlation between Inspecs Group plc and Semler Scientific, you can compare the effects of market volatilities on Inspecs Group and Semler Scientific 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 Inspecs Group with a short position of Semler Scientific. Check out your portfolio center. Please also check ongoing floating volatility patterns of Inspecs Group and Semler Scientific.

Diversification Opportunities for Inspecs Group and Semler Scientific

-0.66

Correlation Coefficient

Inspecs Group  Semler Scientific

Excellent diversification

The 3 months correlation between Inspecs and Semler is -0.66. Overlapping area represents the amount of risk that can be diversified away by holding Inspecs Group plc and Semler Scientific in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Semler Scientific and Inspecs Group 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 Inspecs Group plc are associated (or correlated) with Semler Scientific. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Semler Scientific has no effect on the direction of Inspecs Group i.e., Inspecs Group and Semler Scientific go up and down completely randomly.

Pair Corralation between Inspecs Group and Semler Scientific

Assuming the 90 days trading horizon Inspecs Group plc is expected to generate 0.66 times more return on investment than Semler Scientific. However, Inspecs Group plc is 1.52 times less risky than Semler Scientific. It trades about 0.19 of its potential returns per unit of risk. Semler Scientific is currently generating about -0.06 per unit of risk. If you would invest  4,300  in Inspecs Group plc on September 7, 2025 and sell it today you would earn a total of  2,900  from holding Inspecs Group plc or generate 67.44% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	96.97%
Values	Daily Returns

Inspecs Group plc  vs.  Semler Scientific

Inspecs Group plc

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Inspecs Group plc are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, Inspecs Group unveiled solid returns over the last few months and may actually be approaching a breakup point.

Semler Scientific

Risk-Adjusted Performance

Weakest

Over the last 90 days Semler Scientific has generated negative risk-adjusted returns adding no value to investors with long positions. Even with fragile performance in the last few months, the Stock's essential 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.

Pair Trading with Inspecs Group and Semler Scientific

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

The idea behind Inspecs Group plc and Semler Scientific 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.