Correlation Between Repro Med and InfuSystems Holdings
Can any of the company-specific risk be diversified away by investing in both Repro Med and InfuSystems Holdings 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 Repro Med and InfuSystems Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Repro Med Systems and InfuSystems Holdings, you can compare the effects of market volatilities on Repro Med and InfuSystems Holdings 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 Repro Med with a short position of InfuSystems Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Repro Med and InfuSystems Holdings.
Diversification Opportunities for Repro Med and InfuSystems Holdings
0.57 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Repro and InfuSystems is 0.57. Overlapping area represents the amount of risk that can be diversified away by holding Repro Med Systems and InfuSystems Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on InfuSystems Holdings and Repro Med 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 Repro Med Systems are associated (or correlated) with InfuSystems Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of InfuSystems Holdings has no effect on the direction of Repro Med i.e., Repro Med and InfuSystems Holdings go up and down completely randomly.
Pair Corralation between Repro Med and InfuSystems Holdings
Given the investment horizon of 90 days Repro Med Systems is expected to generate 1.29 times more return on investment than InfuSystems Holdings. However, Repro Med is 1.29 times more volatile than InfuSystems Holdings. It trades about 0.05 of its potential returns per unit of risk. InfuSystems Holdings is currently generating about 0.06 per unit of risk. If you would invest 295.00 in Repro Med Systems on March 20, 2025 and sell it today you would earn a total of 30.00 from holding Repro Med Systems or generate 10.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Repro Med Systems vs. InfuSystems Holdings
Performance |
| Timeline |
| Repro Med Systems |
| InfuSystems Holdings |
Repro Med and InfuSystems Holdings Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Repro Med and InfuSystems Holdings
The main advantage of trading using opposite Repro Med and InfuSystems Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Repro Med position performs unexpectedly, InfuSystems Holdings 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 InfuSystems Holdings will offset losses from the drop in InfuSystems Holdings' long position.| Repro Med vs. Precision Optics, | Repro Med vs. InfuSystems Holdings | Repro Med vs. Utah Medical Products | Repro Med vs. Milestone Scientific |
| InfuSystems Holdings vs. Electromed | InfuSystems Holdings vs. IRIDEX | InfuSystems Holdings vs. Milestone Scientific | InfuSystems Holdings vs. The Joint Corp |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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