Correlation Between Berkshire Hathaway and Entegris
Can any of the company-specific risk be diversified away by investing in both Berkshire Hathaway and Entegris 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 Berkshire Hathaway and Entegris into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Berkshire Hathaway and Entegris, you can compare the effects of market volatilities on Berkshire Hathaway and Entegris 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 Berkshire Hathaway with a short position of Entegris. Check out your portfolio center. Please also check ongoing floating volatility patterns of Berkshire Hathaway and Entegris.
Diversification Opportunities for Berkshire Hathaway and Entegris
-0.51 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Berkshire and Entegris is -0.51. Overlapping area represents the amount of risk that can be diversified away by holding Berkshire Hathaway and Entegris in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Entegris and Berkshire Hathaway 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 Berkshire Hathaway are associated (or correlated) with Entegris. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Entegris has no effect on the direction of Berkshire Hathaway i.e., Berkshire Hathaway and Entegris go up and down completely randomly.
Pair Corralation between Berkshire Hathaway and Entegris
Assuming the 90 days horizon Berkshire Hathaway is expected to generate 13.9 times less return on investment than Entegris. But when comparing it to its historical volatility, Berkshire Hathaway is 4.74 times less risky than Entegris. It trades about 0.02 of its potential returns per unit of risk. Entegris is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 7,934 in Entegris on September 10, 2025 and sell it today you would earn a total of 976.00 from holding Entegris or generate 12.3% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Berkshire Hathaway vs. Entegris
Performance |
| Timeline |
| Berkshire Hathaway |
| Entegris |
Berkshire Hathaway and Entegris Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Berkshire Hathaway and Entegris
The main advantage of trading using opposite Berkshire Hathaway and Entegris positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Berkshire Hathaway position performs unexpectedly, Entegris 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 Entegris will offset losses from the drop in Entegris' long position.| Berkshire Hathaway vs. JPMorgan Chase Co | Berkshire Hathaway vs. Sun Life Financial | Berkshire Hathaway vs. American International Group | Berkshire Hathaway vs. Bank of America |
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 Stocks Directory module to find actively traded stocks across global markets.
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