Correlation Between Havsfrun Investment and CTT Systems
Can any of the company-specific risk be diversified away by investing in both Havsfrun Investment and CTT Systems 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 Havsfrun Investment and CTT Systems into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Havsfrun Investment AB and CTT Systems AB, you can compare the effects of market volatilities on Havsfrun Investment and CTT Systems 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 Havsfrun Investment with a short position of CTT Systems. Check out your portfolio center. Please also check ongoing floating volatility patterns of Havsfrun Investment and CTT Systems.
Diversification Opportunities for Havsfrun Investment and CTT Systems
0.06 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Havsfrun and CTT is 0.06. Overlapping area represents the amount of risk that can be diversified away by holding Havsfrun Investment AB and CTT Systems AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CTT Systems AB and Havsfrun Investment 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 Havsfrun Investment AB are associated (or correlated) with CTT Systems. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CTT Systems AB has no effect on the direction of Havsfrun Investment i.e., Havsfrun Investment and CTT Systems go up and down completely randomly.
Pair Corralation between Havsfrun Investment and CTT Systems
Assuming the 90 days trading horizon Havsfrun Investment AB is expected to generate 1.39 times more return on investment than CTT Systems. However, Havsfrun Investment is 1.39 times more volatile than CTT Systems AB. It trades about -0.06 of its potential returns per unit of risk. CTT Systems AB is currently generating about -0.23 per unit of risk. If you would invest 1,670 in Havsfrun Investment AB on September 6, 2025 and sell it today you would lose (255.00) from holding Havsfrun Investment AB or give up 15.27% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 98.46% |
| Values | Daily Returns |
Havsfrun Investment AB vs. CTT Systems AB
Performance |
| Timeline |
| Havsfrun Investment |
| CTT Systems AB |
Havsfrun Investment and CTT Systems Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Havsfrun Investment and CTT Systems
The main advantage of trading using opposite Havsfrun Investment and CTT Systems positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Havsfrun Investment position performs unexpectedly, CTT Systems 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 CTT Systems will offset losses from the drop in CTT Systems' long position.| Havsfrun Investment vs. Online Brands Nordic | Havsfrun Investment vs. Upsales Technology AB | Havsfrun Investment vs. Lundin Mining | Havsfrun Investment vs. Asker Healthcare |
| CTT Systems vs. FormPipe Software AB | CTT Systems vs. Link Prop Investment | CTT Systems vs. Lundin Mining | CTT Systems vs. Vitec Software Group |
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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