Correlation Between DBV Technologies and Cellectis
Can any of the company-specific risk be diversified away by investing in both DBV Technologies and Cellectis 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 DBV Technologies and Cellectis into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between DBV Technologies and Cellectis SA, you can compare the effects of market volatilities on DBV Technologies and Cellectis 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 DBV Technologies with a short position of Cellectis. Check out your portfolio center. Please also check ongoing floating volatility patterns of DBV Technologies and Cellectis.
Diversification Opportunities for DBV Technologies and Cellectis
0.81 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between DBV and Cellectis is 0.81. Overlapping area represents the amount of risk that can be diversified away by holding DBV Technologies and Cellectis SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cellectis SA and DBV Technologies 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 DBV Technologies are associated (or correlated) with Cellectis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cellectis SA has no effect on the direction of DBV Technologies i.e., DBV Technologies and Cellectis go up and down completely randomly.
Pair Corralation between DBV Technologies and Cellectis
Given the investment horizon of 90 days DBV Technologies is expected to generate 0.89 times more return on investment than Cellectis. However, DBV Technologies is 1.13 times less risky than Cellectis. It trades about 0.14 of its potential returns per unit of risk. Cellectis SA is currently generating about 0.08 per unit of risk. If you would invest 975.00 in DBV Technologies on August 10, 2025 and sell it today you would earn a total of 422.00 from holding DBV Technologies or generate 43.28% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
DBV Technologies vs. Cellectis SA
Performance |
| Timeline |
| DBV Technologies |
| Cellectis SA |
DBV Technologies and Cellectis Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with DBV Technologies and Cellectis
The main advantage of trading using opposite DBV Technologies and Cellectis positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if DBV Technologies position performs unexpectedly, Cellectis 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 Cellectis will offset losses from the drop in Cellectis' long position.| DBV Technologies vs. Larimar Therapeutics | DBV Technologies vs. Annexon | DBV Technologies vs. Altimmune | DBV Technologies vs. Frequency Therapeutics |
| Cellectis vs. Alto Neuroscience, | Cellectis vs. AC Immune | Cellectis vs. Aldeyra | Cellectis vs. Amarin PLC |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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