Correlation Between STMicroelectronics and Multilaser Industrial
Does pairing STMicroelectronics NV with Multilaser Industrial SA lower idiosyncratic risk? This analysis describes return linkage and the diversifiable risk of a joint position in STMicroelectronics NV and Multilaser Industrial SA.
Use this comparison to see whether STMicroelectronics NV and Multilaser Industrial SA tend to move together or diverge across regimes. You can also test a long STMicroelectronics and short Multilaser Industrial structure to evaluate relative-value behavior. Review volatility patterns in STMicroelectronics and Multilaser Industrial. Go to your portfolio center
Diversification Opportunities for STMicroelectronics and Multilaser Industrial
-0.05 | Correlation Coefficient |
Good diversification
The 3 months correlation between STMicroelectronics and Multilaser is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding STMicroelectronics NV and Multilaser Industrial SA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Multilaser Industrial and STMicroelectronics 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 STMicroelectronics NV are associated (or correlated) with Multilaser Industrial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Multilaser Industrial has no effect on the direction of STMicroelectronics i.e., STMicroelectronics and Multilaser Industrial go up and down completely randomly.
Pair Corralation between STMicroelectronics and Multilaser Industrial
Assuming the 90-day trading horizon STMicroelectronics NV is expected to generate 1.42 times more return on investment than Multilaser Industrial. However, STMicroelectronics is 1.42 times more volatile than Multilaser Industrial SA. It trades about 0.18 of its potential returns per unit of risk. Multilaser Industrial SA is currently generating about -0.03 per unit of risk. If you had invested R$ 11,996 in STMicroelectronics NV on December 13, 2025 and sold it today you would have earned a total of R$ 5,293 from holding STMicroelectronics NV or generated 44.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
STMicroelectronics NV vs. Multilaser Industrial SA
Performance |
| Timeline |
| STMicroelectronics |
Risk-Adjusted Performance
Balanced
Weak | Strong |
| Multilaser Industrial |
Risk-Adjusted Performance
Weak
Weak | Strong |
STMicroelectronics and Multilaser Industrial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with STMicroelectronics and Multilaser Industrial
A paired position in STMicroelectronics and Multilaser Industrial is useful when investors want a more relative-value expression than a simple directional trade. The stronger process checks whether the correlation is stable enough to justify the hedge logic before the trade is sized.| STMicroelectronics vs. DXC Technology | STMicroelectronics vs. G2D Investments | STMicroelectronics vs. Take Two Interactive Software | STMicroelectronics vs. Check Point Software |
| Multilaser Industrial vs. Intelbras SA | Multilaser Industrial vs. Razen SA | Multilaser Industrial vs. Locaweb Servios de | Multilaser Industrial vs. Mliuz SA |
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