Correlation Between AP Moeller and Nano Dimension
Can any of the company-specific risk be diversified away by investing in both AP Moeller and Nano Dimension 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 AP Moeller and Nano Dimension into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AP Moeller Maersk AS and Nano Dimension, you can compare the effects of market volatilities on AP Moeller and Nano Dimension 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 AP Moeller with a short position of Nano Dimension. Check out your portfolio center. Please also check ongoing floating volatility patterns of AP Moeller and Nano Dimension.
Diversification Opportunities for AP Moeller and Nano Dimension
-0.36 | Correlation Coefficient |
Very good diversification
The 3 months correlation between AMKBY and Nano is -0.36. Overlapping area represents the amount of risk that can be diversified away by holding AP Moeller Maersk AS and Nano Dimension in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nano Dimension and AP Moeller 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 AP Moeller Maersk AS are associated (or correlated) with Nano Dimension. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nano Dimension has no effect on the direction of AP Moeller i.e., AP Moeller and Nano Dimension go up and down completely randomly.
Pair Corralation between AP Moeller and Nano Dimension
Assuming the 90 days horizon AP Moeller is expected to generate 3.17 times less return on investment than Nano Dimension. But when comparing it to its historical volatility, AP Moeller Maersk AS is 2.17 times less risky than Nano Dimension. It trades about 0.04 of its potential returns per unit of risk. Nano Dimension is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 168.00 in Nano Dimension on September 5, 2025 and sell it today you would earn a total of 12.00 from holding Nano Dimension or generate 7.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
AP Moeller Maersk AS vs. Nano Dimension
Performance |
| Timeline |
| AP Moeller Maersk |
| Nano Dimension |
AP Moeller and Nano Dimension Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AP Moeller and Nano Dimension
The main advantage of trading using opposite AP Moeller and Nano Dimension positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AP Moeller position performs unexpectedly, Nano Dimension 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 Nano Dimension will offset losses from the drop in Nano Dimension's long position.| AP Moeller vs. Perseus Mining Limited | AP Moeller vs. Blue Moon Metals | AP Moeller vs. Marimaca Copper Corp | AP Moeller vs. Malaga Financial |
| Nano Dimension vs. Casio Computer Co | Nano Dimension vs. Westlake Chemical Partners | Nano Dimension vs. Sunlands Technology Group | Nano Dimension vs. Natcore Technology |
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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