Correlation Between Cellectis and Amarin PLC
Can any of the company-specific risk be diversified away by investing in both Cellectis and Amarin PLC 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 Cellectis and Amarin PLC into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Cellectis SA and Amarin PLC, you can compare the effects of market volatilities on Cellectis and Amarin PLC 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 Cellectis with a short position of Amarin PLC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cellectis and Amarin PLC.
Diversification Opportunities for Cellectis and Amarin PLC
0.82 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Cellectis and Amarin is 0.82. Overlapping area represents the amount of risk that can be diversified away by holding Cellectis SA and Amarin PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amarin PLC and Cellectis 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 Cellectis SA are associated (or correlated) with Amarin PLC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amarin PLC has no effect on the direction of Cellectis i.e., Cellectis and Amarin PLC go up and down completely randomly.
Pair Corralation between Cellectis and Amarin PLC
Given the investment horizon of 90 days Cellectis SA is expected to generate 1.8 times more return on investment than Amarin PLC. However, Cellectis is 1.8 times more volatile than Amarin PLC. It trades about 0.08 of its potential returns per unit of risk. Amarin PLC is currently generating about 0.04 per unit of risk. If you would invest 271.00 in Cellectis SA on August 6, 2025 and sell it today you would earn a total of 56.00 from holding Cellectis SA or generate 20.66% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Cellectis SA vs. Amarin PLC
Performance |
| Timeline |
| Cellectis SA |
| Amarin PLC |
Cellectis and Amarin PLC Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cellectis and Amarin PLC
The main advantage of trading using opposite Cellectis and Amarin PLC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cellectis position performs unexpectedly, Amarin PLC 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 Amarin PLC will offset losses from the drop in Amarin PLC's long position.| Cellectis vs. Lineage Cell Therapeutics | Cellectis vs. Frequency Therapeutics | Cellectis vs. DBV Technologies | Cellectis vs. RAPT Therapeutics |
| Amarin PLC vs. Aura Biosciences | Amarin PLC vs. RAPT Therapeutics | Amarin PLC vs. DBV Technologies | Amarin PLC vs. Frequency Therapeutics |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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