Correlation Between CEWE Stiftung and Regis Common
Can any of the company-specific risk be diversified away by investing in both CEWE Stiftung and Regis Common 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 CEWE Stiftung and Regis Common into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CEWE Stiftung Co and Regis Common, you can compare the effects of market volatilities on CEWE Stiftung and Regis Common 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 CEWE Stiftung with a short position of Regis Common. Check out your portfolio center. Please also check ongoing floating volatility patterns of CEWE Stiftung and Regis Common.
Diversification Opportunities for CEWE Stiftung and Regis Common
-0.31 | Correlation Coefficient |
Very good diversification
The 3 months correlation between CEWE and Regis is -0.31. Overlapping area represents the amount of risk that can be diversified away by holding CEWE Stiftung Co and Regis Common in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Regis Common and CEWE Stiftung 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 CEWE Stiftung Co are associated (or correlated) with Regis Common. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Regis Common has no effect on the direction of CEWE Stiftung i.e., CEWE Stiftung and Regis Common go up and down completely randomly.
Pair Corralation between CEWE Stiftung and Regis Common
Assuming the 90 days horizon CEWE Stiftung Co is expected to generate 0.43 times more return on investment than Regis Common. However, CEWE Stiftung Co is 2.32 times less risky than Regis Common. It trades about 0.05 of its potential returns per unit of risk. Regis Common is currently generating about -0.1 per unit of risk. If you would invest 9,990 in CEWE Stiftung Co on November 24, 2025 and sell it today you would earn a total of 290.00 from holding CEWE Stiftung Co or generate 2.9% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
CEWE Stiftung Co vs. Regis Common
Performance |
| Timeline |
| CEWE Stiftung |
| Regis Common |
CEWE Stiftung and Regis Common Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CEWE Stiftung and Regis Common
The main advantage of trading using opposite CEWE Stiftung and Regis Common positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CEWE Stiftung position performs unexpectedly, Regis Common 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 Regis Common will offset losses from the drop in Regis Common's long position.| CEWE Stiftung vs. Sydbank AS | CEWE Stiftung vs. JINS HOLDINGS INC | CEWE Stiftung vs. Mizuno | CEWE Stiftung vs. Sony Group Corp |
| Regis Common vs. Century Casinos | Regis Common vs. Lifetime Brands | Regis Common vs. Northann Corp | Regis Common vs. TH International Limited |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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