Correlation Between Instabank ASA and Wilh Wilhelmsen
Can any of the company-specific risk be diversified away by investing in both Instabank ASA and Wilh Wilhelmsen 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 Instabank ASA and Wilh Wilhelmsen into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Instabank ASA and Wilh Wilhelmsen Holding, you can compare the effects of market volatilities on Instabank ASA and Wilh Wilhelmsen 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 Instabank ASA with a short position of Wilh Wilhelmsen. Check out your portfolio center. Please also check ongoing floating volatility patterns of Instabank ASA and Wilh Wilhelmsen.
Diversification Opportunities for Instabank ASA and Wilh Wilhelmsen
0.33 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Instabank and Wilh is 0.33. Overlapping area represents the amount of risk that can be diversified away by holding Instabank ASA and Wilh Wilhelmsen Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Wilh Wilhelmsen Holding and Instabank ASA 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 Instabank ASA are associated (or correlated) with Wilh Wilhelmsen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Wilh Wilhelmsen Holding has no effect on the direction of Instabank ASA i.e., Instabank ASA and Wilh Wilhelmsen go up and down completely randomly.
Pair Corralation between Instabank ASA and Wilh Wilhelmsen
Assuming the 90 days trading horizon Instabank ASA is expected to generate 1.11 times less return on investment than Wilh Wilhelmsen. But when comparing it to its historical volatility, Instabank ASA is 1.03 times less risky than Wilh Wilhelmsen. It trades about 0.17 of its potential returns per unit of risk. Wilh Wilhelmsen Holding is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 49,028 in Wilh Wilhelmsen Holding on September 10, 2025 and sell it today you would earn a total of 8,572 from holding Wilh Wilhelmsen Holding or generate 17.48% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Instabank ASA vs. Wilh Wilhelmsen Holding
Performance |
| Timeline |
| Instabank ASA |
| Wilh Wilhelmsen Holding |
Instabank ASA and Wilh Wilhelmsen Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Instabank ASA and Wilh Wilhelmsen
The main advantage of trading using opposite Instabank ASA and Wilh Wilhelmsen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Instabank ASA position performs unexpectedly, Wilh Wilhelmsen 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 Wilh Wilhelmsen will offset losses from the drop in Wilh Wilhelmsen's long position.| Instabank ASA vs. Aurskog Sparebank | Instabank ASA vs. Sparebanken Ost | Instabank ASA vs. Sparebank 1 Nordvest | Instabank ASA vs. Voss Veksel og |
| Wilh Wilhelmsen vs. BW LPG | Wilh Wilhelmsen vs. Hoegh Autoliners ASA | Wilh Wilhelmsen vs. Stolt Nielsen Limited | Wilh Wilhelmsen vs. DOF Group ASA |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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