Correlation Between IVF Hartmann and Kudelski

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

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

Diversification Opportunities for IVF Hartmann and Kudelski

0.31

Correlation Coefficient

IVF Hartmann  Kudelski

Weak diversification

The 3 months correlation between IVF and Kudelski is 0.31. Overlapping area represents the amount of risk that can be diversified away by holding IVF Hartmann Holding and Kudelski in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kudelski and IVF Hartmann 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 IVF Hartmann Holding are associated (or correlated) with Kudelski. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kudelski has no effect on the direction of IVF Hartmann i.e., IVF Hartmann and Kudelski go up and down completely randomly.

Pair Corralation between IVF Hartmann and Kudelski

Assuming the 90 days trading horizon IVF Hartmann Holding is expected to generate 0.53 times more return on investment than Kudelski. However, IVF Hartmann Holding is 1.88 times less risky than Kudelski. It trades about -0.01 of its potential returns per unit of risk. Kudelski is currently generating about -0.13 per unit of risk. If you would invest  13,650  in IVF Hartmann Holding on September 8, 2025 and sell it today you would lose (50.00) from holding IVF Hartmann Holding or give up 0.37% of portfolio value over 90 days.

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

IVF Hartmann Holding  vs.  Kudelski

IVF Hartmann Holding

Risk-Adjusted Performance

Weakest

Over the last 90 days IVF Hartmann Holding has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, IVF Hartmann is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Kudelski

Risk-Adjusted Performance

Weakest

Over the last 90 days Kudelski has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable fundamental indicators, Kudelski is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Pair Trading with IVF Hartmann and Kudelski

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

The idea behind IVF Hartmann Holding and Kudelski 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.