Correlation Between Cloudberry Clean and Cadeler As
Can any of the company-specific risk be diversified away by investing in both Cloudberry Clean and Cadeler As 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 Cloudberry Clean and Cadeler As into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Cloudberry Clean Energy and Cadeler As, you can compare the effects of market volatilities on Cloudberry Clean and Cadeler As 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 Cloudberry Clean with a short position of Cadeler As. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cloudberry Clean and Cadeler As.
Diversification Opportunities for Cloudberry Clean and Cadeler As
0.8 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Cloudberry and Cadeler is 0.8. Overlapping area represents the amount of risk that can be diversified away by holding Cloudberry Clean Energy and Cadeler As in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cadeler As and Cloudberry Clean 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 Cloudberry Clean Energy are associated (or correlated) with Cadeler As. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cadeler As has no effect on the direction of Cloudberry Clean i.e., Cloudberry Clean and Cadeler As go up and down completely randomly.
Pair Corralation between Cloudberry Clean and Cadeler As
Assuming the 90 days trading horizon Cloudberry Clean Energy is expected to generate 0.85 times more return on investment than Cadeler As. However, Cloudberry Clean Energy is 1.17 times less risky than Cadeler As. It trades about -0.08 of its potential returns per unit of risk. Cadeler As is currently generating about -0.17 per unit of risk. If you would invest 1,368 in Cloudberry Clean Energy on August 28, 2025 and sell it today you would lose (128.00) from holding Cloudberry Clean Energy or give up 9.36% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Cloudberry Clean Energy vs. Cadeler As
Performance |
| Timeline |
| Cloudberry Clean Energy |
| Cadeler As |
Cloudberry Clean and Cadeler As Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cloudberry Clean and Cadeler As
The main advantage of trading using opposite Cloudberry Clean and Cadeler As positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cloudberry Clean position performs unexpectedly, Cadeler As 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 Cadeler As will offset losses from the drop in Cadeler As' long position.| Cloudberry Clean vs. Morrow Bank ASA | Cloudberry Clean vs. Flekkefjord Sparebank | Cloudberry Clean vs. Grieg Seafood ASA | Cloudberry Clean vs. 5Th Planet Games |
| Cadeler As vs. Jaeren Sparebank | Cadeler As vs. Rogaland Sparebank | Cadeler As vs. Helgeland Sparebank | Cadeler As vs. Nidaros Sparebank |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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