Correlation Between Samsung Electronics and Intrum AB
Can any of the company-specific risk be diversified away by investing in both Samsung Electronics and Intrum AB 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 Samsung Electronics and Intrum AB into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Samsung Electronics Co and Intrum AB, you can compare the effects of market volatilities on Samsung Electronics and Intrum AB 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 Samsung Electronics with a short position of Intrum AB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Samsung Electronics and Intrum AB.
Diversification Opportunities for Samsung Electronics and Intrum AB
-0.46 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Samsung and Intrum is -0.46. Overlapping area represents the amount of risk that can be diversified away by holding Samsung Electronics Co and Intrum AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intrum AB and Samsung Electronics 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 Samsung Electronics Co are associated (or correlated) with Intrum AB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intrum AB has no effect on the direction of Samsung Electronics i.e., Samsung Electronics and Intrum AB go up and down completely randomly.
Pair Corralation between Samsung Electronics and Intrum AB
Assuming the 90 days trading horizon Samsung Electronics Co is expected to generate 0.7 times more return on investment than Intrum AB. However, Samsung Electronics Co is 1.44 times less risky than Intrum AB. It trades about 0.23 of its potential returns per unit of risk. Intrum AB is currently generating about -0.23 per unit of risk. If you would invest 100,433 in Samsung Electronics Co on July 20, 2025 and sell it today you would earn a total of 30,567 from holding Samsung Electronics Co or generate 30.44% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 98.48% |
| Values | Daily Returns |
Samsung Electronics Co vs. Intrum AB
Performance |
| Timeline |
| Samsung Electronics |
| Intrum AB |
Samsung Electronics and Intrum AB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Samsung Electronics and Intrum AB
The main advantage of trading using opposite Samsung Electronics and Intrum AB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Samsung Electronics position performs unexpectedly, Intrum AB 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 Intrum AB will offset losses from the drop in Intrum AB's long position.| Samsung Electronics vs. Arrow Electronics | Samsung Electronics vs. Fair Oaks Income | Samsung Electronics vs. Compal Electronics GDR | Samsung Electronics vs. Kaufman Et Broad |
| Intrum AB vs. Spotify Technology SA | Intrum AB vs. Ashtead Technology Holdings | Intrum AB vs. Alfa Financial Software | Intrum AB vs. Axway Software SA |
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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Complementary Tools
| CEOs Directory Screen CEOs from public companies around the world | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |