Correlation Between International Consolidated and Vision Marine
Can any of the company-specific risk be diversified away by investing in both International Consolidated and Vision Marine 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 International Consolidated and Vision Marine into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between International Consolidated Airlines and Vision Marine Technologies, you can compare the effects of market volatilities on International Consolidated and Vision Marine 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 International Consolidated with a short position of Vision Marine. Check out your portfolio center. Please also check ongoing floating volatility patterns of International Consolidated and Vision Marine.
Diversification Opportunities for International Consolidated and Vision Marine
0.24 | Correlation Coefficient |
Modest diversification
The 3 months correlation between International and Vision is 0.24. Overlapping area represents the amount of risk that can be diversified away by holding International Consolidated Air and Vision Marine Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vision Marine Techno and International Consolidated 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 International Consolidated Airlines are associated (or correlated) with Vision Marine. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vision Marine Techno has no effect on the direction of International Consolidated i.e., International Consolidated and Vision Marine go up and down completely randomly.
Pair Corralation between International Consolidated and Vision Marine
Assuming the 90 days horizon International Consolidated Airlines is expected to generate 0.3 times more return on investment than Vision Marine. However, International Consolidated Airlines is 3.35 times less risky than Vision Marine. It trades about 0.01 of its potential returns per unit of risk. Vision Marine Technologies is currently generating about -0.19 per unit of risk. If you would invest 1,018 in International Consolidated Airlines on September 10, 2025 and sell it today you would earn a total of 6.00 from holding International Consolidated Airlines or generate 0.59% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
International Consolidated Air vs. Vision Marine Technologies
Performance |
| Timeline |
| International Consolidated |
| Vision Marine Techno |
International Consolidated and Vision Marine Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with International Consolidated and Vision Marine
The main advantage of trading using opposite International Consolidated and Vision Marine positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if International Consolidated position performs unexpectedly, Vision Marine 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 Vision Marine will offset losses from the drop in Vision Marine's long position.| International Consolidated vs. Bombardier | International Consolidated vs. Ashtead Group plc | International Consolidated vs. COSCO SHIPPING Holdings | International Consolidated vs. COSCO SHIPPING Holdings |
| Vision Marine vs. Faraday Future Intelligent | Vision Marine vs. EZGO Technologies | Vision Marine vs. MKDWELL Tech Ordinary | Vision Marine vs. Charles Colvard |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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