Correlation Between AC Immune and Cellectis
Can any of the company-specific risk be diversified away by investing in both AC Immune and Cellectis 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 AC Immune and Cellectis into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AC Immune and Cellectis SA, you can compare the effects of market volatilities on AC Immune and Cellectis 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 AC Immune with a short position of Cellectis. Check out your portfolio center. Please also check ongoing floating volatility patterns of AC Immune and Cellectis.
Diversification Opportunities for AC Immune and Cellectis
Very weak diversification
The 3 months correlation between ACIU and Cellectis is 0.59. Overlapping area represents the amount of risk that can be diversified away by holding AC Immune and Cellectis SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cellectis SA and AC Immune 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 AC Immune are associated (or correlated) with Cellectis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cellectis SA has no effect on the direction of AC Immune i.e., AC Immune and Cellectis go up and down completely randomly.
Pair Corralation between AC Immune and Cellectis
Given the investment horizon of 90 days AC Immune is expected to generate 1.55 times less return on investment than Cellectis. In addition to that, AC Immune is 1.07 times more volatile than Cellectis SA. It trades about 0.13 of its total potential returns per unit of risk. Cellectis SA is currently generating about 0.22 per unit of volatility. If you would invest 260.00 in Cellectis SA on August 28, 2025 and sell it today you would earn a total of 264.00 from holding Cellectis SA or generate 101.54% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
AC Immune vs. Cellectis SA
Performance |
| Timeline |
| AC Immune |
| Cellectis SA |
AC Immune and Cellectis Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AC Immune and Cellectis
The main advantage of trading using opposite AC Immune and Cellectis positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AC Immune position performs unexpectedly, Cellectis 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 Cellectis will offset losses from the drop in Cellectis' long position.| AC Immune vs. Harmony Gold Mining | AC Immune vs. Jaco Electronics | AC Immune vs. Richardson Electronics | AC Immune vs. Methode Electronics |
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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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