Correlation Between Fluence and Vow ASA
Can any of the company-specific risk be diversified away by investing in both Fluence and Vow ASA 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 Fluence and Vow ASA into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Fluence Limited and Vow ASA, you can compare the effects of market volatilities on Fluence and Vow ASA 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 Fluence with a short position of Vow ASA. Check out your portfolio center. Please also check ongoing floating volatility patterns of Fluence and Vow ASA.
Diversification Opportunities for Fluence and Vow ASA
Weak diversification
The 3 months correlation between Fluence and Vow is 0.3. Overlapping area represents the amount of risk that can be diversified away by holding Fluence Limited and Vow ASA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vow ASA and Fluence 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 Fluence Limited are associated (or correlated) with Vow ASA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vow ASA has no effect on the direction of Fluence i.e., Fluence and Vow ASA go up and down completely randomly.
Pair Corralation between Fluence and Vow ASA
If you would invest 5.20 in Fluence Limited on August 9, 2025 and sell it today you would earn a total of 2.80 from holding Fluence Limited or generate 53.85% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 95.65% |
| Values | Daily Returns |
Fluence Limited vs. Vow ASA
Performance |
| Timeline |
| Fluence Limited |
| Vow ASA |
Fluence and Vow ASA Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Fluence and Vow ASA
The main advantage of trading using opposite Fluence and Vow ASA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Fluence position performs unexpectedly, Vow ASA 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 Vow ASA will offset losses from the drop in Vow ASA's long position.| Fluence vs. Vow ASA | Fluence vs. Cirmaker Technology | Fluence vs. Logistics Development Group | Fluence vs. dynaCERT |
| Vow ASA vs. Fluence Limited | Vow ASA vs. Balyo SA | Vow ASA vs. Juki Corporation | Vow ASA vs. Cirmaker Technology |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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