Correlation Between Criteo Sa and Cimpress
Can any of the company-specific risk be diversified away by investing in both Criteo Sa and Cimpress 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 Criteo Sa and Cimpress into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Criteo Sa and Cimpress NV, you can compare the effects of market volatilities on Criteo Sa and Cimpress 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 Criteo Sa with a short position of Cimpress. Check out your portfolio center. Please also check ongoing floating volatility patterns of Criteo Sa and Cimpress.
Diversification Opportunities for Criteo Sa and Cimpress
Very good diversification
The 3 months correlation between Criteo and Cimpress is -0.22. Overlapping area represents the amount of risk that can be diversified away by holding Criteo Sa and Cimpress NV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cimpress NV and Criteo Sa 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 Criteo Sa are associated (or correlated) with Cimpress. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cimpress NV has no effect on the direction of Criteo Sa i.e., Criteo Sa and Cimpress go up and down completely randomly.
Pair Corralation between Criteo Sa and Cimpress
Given the investment horizon of 90 days Criteo Sa is expected to under-perform the Cimpress. But the stock apears to be less risky and, when comparing its historical volatility, Criteo Sa is 1.54 times less risky than Cimpress. The stock trades about -0.08 of its potential returns per unit of risk. The Cimpress NV is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest 4,513 in Cimpress NV on June 5, 2025 and sell it today you would earn a total of 1,733 from holding Cimpress NV or generate 38.4% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Criteo Sa vs. Cimpress NV
Performance |
| Timeline |
| Criteo Sa |
| Cimpress NV |
Criteo Sa and Cimpress Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Criteo Sa and Cimpress
The main advantage of trading using opposite Criteo Sa and Cimpress positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Criteo Sa position performs unexpectedly, Cimpress 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 Cimpress will offset losses from the drop in Cimpress' long position.The idea behind Criteo Sa and Cimpress NV pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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