Correlation Between Uniper SE and Christian Dior
Can any of the company-specific risk be diversified away by investing in both Uniper SE and Christian Dior 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 Uniper SE and Christian Dior into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Uniper SE and Christian Dior SE, you can compare the effects of market volatilities on Uniper SE and Christian Dior 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 Uniper SE with a short position of Christian Dior. Check out your portfolio center. Please also check ongoing floating volatility patterns of Uniper SE and Christian Dior.
Diversification Opportunities for Uniper SE and Christian Dior
-0.75 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Uniper and Christian is -0.75. Overlapping area represents the amount of risk that can be diversified away by holding Uniper SE and Christian Dior SE in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Christian Dior SE and Uniper SE 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 Uniper SE are associated (or correlated) with Christian Dior. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Christian Dior SE has no effect on the direction of Uniper SE i.e., Uniper SE and Christian Dior go up and down completely randomly.
Pair Corralation between Uniper SE and Christian Dior
Assuming the 90 days trading horizon Uniper SE is expected to under-perform the Christian Dior. But the stock apears to be less risky and, when comparing its historical volatility, Uniper SE is 1.17 times less risky than Christian Dior. The stock trades about -0.1 of its potential returns per unit of risk. The Christian Dior SE is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest 44,380 in Christian Dior SE on July 20, 2025 and sell it today you would earn a total of 11,795 from holding Christian Dior SE or generate 26.58% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Uniper SE vs. Christian Dior SE
Performance |
| Timeline |
| Uniper SE |
| Christian Dior SE |
Uniper SE and Christian Dior Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Uniper SE and Christian Dior
The main advantage of trading using opposite Uniper SE and Christian Dior positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Uniper SE position performs unexpectedly, Christian Dior 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 Christian Dior will offset losses from the drop in Christian Dior's long position.| Uniper SE vs. Systemair AB | Uniper SE vs. Ecclesiastical Insurance Office | Uniper SE vs. Trainline Plc | Uniper SE vs. Norwegian Air Shuttle |
| Christian Dior vs. Toyota Motor Corp | Christian Dior vs. SoftBank Group Corp | Christian Dior vs. Nintendo Co | Christian Dior vs. Intuitive Surgical |
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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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