Correlation Between Siltronic and Hello
Can any of the company-specific risk be diversified away by investing in both Siltronic and Hello 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 Siltronic and Hello into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Siltronic AG and Hello Group, you can compare the effects of market volatilities on Siltronic and Hello 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 Siltronic with a short position of Hello. Check out your portfolio center. Please also check ongoing floating volatility patterns of Siltronic and Hello.
Diversification Opportunities for Siltronic and Hello
Pay attention - limited upside
The 3 months correlation between Siltronic and Hello is -0.88. Overlapping area represents the amount of risk that can be diversified away by holding Siltronic AG and Hello Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hello Group and Siltronic 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 Siltronic AG are associated (or correlated) with Hello. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hello Group has no effect on the direction of Siltronic i.e., Siltronic and Hello go up and down completely randomly.
Pair Corralation between Siltronic and Hello
Assuming the 90 days horizon Siltronic AG is expected to generate 1.5 times more return on investment than Hello. However, Siltronic is 1.5 times more volatile than Hello Group. It trades about 0.14 of its potential returns per unit of risk. Hello Group is currently generating about -0.12 per unit of risk. If you would invest 4,900 in Siltronic AG on August 13, 2025 and sell it today you would earn a total of 1,185 from holding Siltronic AG or generate 24.18% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Siltronic AG vs. Hello Group
Performance |
| Timeline |
| Siltronic AG |
| Hello Group |
Siltronic and Hello Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Siltronic and Hello
The main advantage of trading using opposite Siltronic and Hello positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Siltronic position performs unexpectedly, Hello 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 Hello will offset losses from the drop in Hello's long position.| Siltronic vs. Soitec SA ADR | Siltronic vs. Silex Systems Limited | Siltronic vs. Soitec SA | Siltronic vs. Oxford Instruments plc |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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