Correlation Between Cimpress and EQ
Can any of the company-specific risk be diversified away by investing in both Cimpress and EQ 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 Cimpress and EQ into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Cimpress NV and EQ Inc, you can compare the effects of market volatilities on Cimpress and EQ 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 Cimpress with a short position of EQ. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cimpress and EQ.
Diversification Opportunities for Cimpress and EQ
Pay attention - limited upside
The 3 months correlation between Cimpress and EQ is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Cimpress NV and EQ Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EQ Inc and Cimpress 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 Cimpress NV are associated (or correlated) with EQ. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EQ Inc has no effect on the direction of Cimpress i.e., Cimpress and EQ go up and down completely randomly.
Pair Corralation between Cimpress and EQ
If you would invest 4,471 in Cimpress NV on June 11, 2025 and sell it today you would earn a total of 1,796 from holding Cimpress NV or generate 40.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 1.61% |
| Values | Daily Returns |
Cimpress NV vs. EQ Inc
Performance |
| Timeline |
| Cimpress NV |
| EQ Inc |
Risk-Adjusted Performance
Fair
Weak | Strong |
Cimpress and EQ Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Cimpress and EQ
The main advantage of trading using opposite Cimpress and EQ positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cimpress position performs unexpectedly, EQ 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 EQ will offset losses from the drop in EQ's long position.| Cimpress vs. ATN International | Cimpress vs. Criteo Sa | Cimpress vs. Deluxe | Cimpress vs. Emerald Expositions Events |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Complementary Tools
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |