Correlation Between Delta Air and Intrum AB
Can any of the company-specific risk be diversified away by investing in both Delta Air and Intrum AB 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 Delta Air and Intrum AB into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Delta Air Lines and Intrum AB, you can compare the effects of market volatilities on Delta Air and Intrum AB 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 Delta Air with a short position of Intrum AB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Delta Air and Intrum AB.
Diversification Opportunities for Delta Air and Intrum AB
Pay attention - limited upside
The 3 months correlation between Delta and Intrum is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Delta Air Lines and Intrum AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intrum AB and Delta Air 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 Delta Air Lines are associated (or correlated) with Intrum AB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intrum AB has no effect on the direction of Delta Air i.e., Delta Air and Intrum AB go up and down completely randomly.
Pair Corralation between Delta Air and Intrum AB
If you would invest 5,566 in Delta Air Lines on July 20, 2025 and sell it today you would earn a total of 407.00 from holding Delta Air Lines or generate 7.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Delta Air Lines vs. Intrum AB
Performance |
| Timeline |
| Delta Air Lines |
| Intrum AB |
Delta Air and Intrum AB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Delta Air and Intrum AB
The main advantage of trading using opposite Delta Air and Intrum AB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Delta Air position performs unexpectedly, Intrum AB 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 Intrum AB will offset losses from the drop in Intrum AB's long position.| Delta Air vs. Bell Food Group | Delta Air vs. Premier Foods PLC | Delta Air vs. HCA Healthcare | Delta Air vs. Abingdon Health Plc |
| Intrum AB vs. Spotify Technology SA | Intrum AB vs. Ashtead Technology Holdings | Intrum AB vs. Alfa Financial Software | Intrum AB vs. Axway Software SA |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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