Correlation Between ABPRO P and CAMP4 THERAPEUTICS
Can any of the company-specific risk be diversified away by investing in both ABPRO P and CAMP4 THERAPEUTICS 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 ABPRO P and CAMP4 THERAPEUTICS into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between ABPRO P and CAMP4 THERAPEUTICS PORATION, you can compare the effects of market volatilities on ABPRO P and CAMP4 THERAPEUTICS 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 ABPRO P with a short position of CAMP4 THERAPEUTICS. Check out your portfolio center. Please also check ongoing floating volatility patterns of ABPRO P and CAMP4 THERAPEUTICS.
Diversification Opportunities for ABPRO P and CAMP4 THERAPEUTICS
-0.58 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between ABPRO and CAMP4 is -0.58. Overlapping area represents the amount of risk that can be diversified away by holding ABPRO P and CAMP4 THERAPEUTICS PORATION in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CAMP4 THERAPEUTICS and ABPRO P 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 ABPRO P are associated (or correlated) with CAMP4 THERAPEUTICS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CAMP4 THERAPEUTICS has no effect on the direction of ABPRO P i.e., ABPRO P and CAMP4 THERAPEUTICS go up and down completely randomly.
Pair Corralation between ABPRO P and CAMP4 THERAPEUTICS
Considering the 90-day investment horizon ABPRO P is expected to under-perform the CAMP4 THERAPEUTICS. But the stock apears to be less risky and, when comparing its historical volatility, ABPRO P is 1.35 times less risky than CAMP4 THERAPEUTICS. The stock trades about -0.02 of its potential returns per unit of risk. The CAMP4 THERAPEUTICS PORATION is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 155.00 in CAMP4 THERAPEUTICS PORATION on August 14, 2025 and sell it today you would earn a total of 284.00 from holding CAMP4 THERAPEUTICS PORATION or generate 183.23% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
ABPRO P vs. CAMP4 THERAPEUTICS PORATION
Performance |
| Timeline |
| ABPRO P |
| CAMP4 THERAPEUTICS |
ABPRO P and CAMP4 THERAPEUTICS Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with ABPRO P and CAMP4 THERAPEUTICS
The main advantage of trading using opposite ABPRO P and CAMP4 THERAPEUTICS positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if ABPRO P position performs unexpectedly, CAMP4 THERAPEUTICS 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 CAMP4 THERAPEUTICS will offset losses from the drop in CAMP4 THERAPEUTICS's long position.| ABPRO P vs. Aptorum Group Ltd | ABPRO P vs. Marker Therapeutics | ABPRO P vs. AEON Biopharma, | ABPRO P vs. Cingulate |
| CAMP4 THERAPEUTICS vs. Unicycive Therapeutics | CAMP4 THERAPEUTICS vs. Repare Therapeutics | CAMP4 THERAPEUTICS vs. Vaxart Inc | CAMP4 THERAPEUTICS vs. Biomea Fusion |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Other Complementary Tools
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |