Correlation Between Uipath and Air France
Can any of the company-specific risk be diversified away by investing in both Uipath and Air France 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 Uipath and Air France into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Uipath Inc and Air France KLM SA, you can compare the effects of market volatilities on Uipath and Air France 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 Uipath with a short position of Air France. Check out your portfolio center. Please also check ongoing floating volatility patterns of Uipath and Air France.
Diversification Opportunities for Uipath and Air France
-0.67 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Uipath and Air is -0.67. Overlapping area represents the amount of risk that can be diversified away by holding Uipath Inc and Air France KLM SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Air France KLM and Uipath 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 Uipath Inc are associated (or correlated) with Air France. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Air France KLM has no effect on the direction of Uipath i.e., Uipath and Air France go up and down completely randomly.
Pair Corralation between Uipath and Air France
Given the investment horizon of 90 days Uipath Inc is expected to generate 1.46 times more return on investment than Air France. However, Uipath is 1.46 times more volatile than Air France KLM SA. It trades about 0.1 of its potential returns per unit of risk. Air France KLM SA is currently generating about -0.18 per unit of risk. If you would invest 1,117 in Uipath Inc on August 18, 2025 and sell it today you would earn a total of 286.00 from holding Uipath Inc or generate 25.6% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Uipath Inc vs. Air France KLM SA
Performance |
| Timeline |
| Uipath Inc |
| Air France KLM |
Uipath and Air France Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Uipath and Air France
The main advantage of trading using opposite Uipath and Air France positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Uipath position performs unexpectedly, Air France 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 Air France will offset losses from the drop in Air France's long position.The idea behind Uipath Inc and Air France KLM SA pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Air France vs. Air Canada | Air France vs. SATS | Air France vs. easyJet plc | Air France vs. SINOPEC Engineering Co |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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