Correlation Between EQT AB and TalkPool
Can any of the company-specific risk be diversified away by investing in both EQT AB and TalkPool 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 EQT AB and TalkPool into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between EQT AB and TalkPool AG, you can compare the effects of market volatilities on EQT AB and TalkPool 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 EQT AB with a short position of TalkPool. Check out your portfolio center. Please also check ongoing floating volatility patterns of EQT AB and TalkPool.
Diversification Opportunities for EQT AB and TalkPool
Good diversification
The 3 months correlation between EQT and TalkPool is -0.06. Overlapping area represents the amount of risk that can be diversified away by holding EQT AB and TalkPool AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TalkPool AG and EQT AB 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 EQT AB are associated (or correlated) with TalkPool. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TalkPool AG has no effect on the direction of EQT AB i.e., EQT AB and TalkPool go up and down completely randomly.
Pair Corralation between EQT AB and TalkPool
Assuming the 90 days trading horizon EQT AB is expected to generate 1.66 times less return on investment than TalkPool. But when comparing it to its historical volatility, EQT AB is 1.79 times less risky than TalkPool. It trades about 0.02 of its potential returns per unit of risk. TalkPool AG is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 1,380 in TalkPool AG on September 10, 2025 and sell it today you would earn a total of 5.00 from holding TalkPool AG or generate 0.36% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
EQT AB vs. TalkPool AG
Performance |
| Timeline |
| EQT AB |
| TalkPool AG |
EQT AB and TalkPool Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with EQT AB and TalkPool
The main advantage of trading using opposite EQT AB and TalkPool positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if EQT AB position performs unexpectedly, TalkPool 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 TalkPool will offset losses from the drop in TalkPool's long position.| EQT AB vs. Skandinaviska Enskilda Banken | EQT AB vs. Swedbank AB | EQT AB vs. Investment AB Latour | EQT AB vs. Industrivarden AB ser |
| TalkPool vs. Raketech Group Holding | TalkPool vs. Tourn International AB | TalkPool vs. Goodbye Kansas Group | TalkPool vs. Netel Holding AB |
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 Global Correlations module to find global opportunities by holding instruments from different markets.
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