Correlation Between TalkPool and Genovis AB
Can any of the company-specific risk be diversified away by investing in both TalkPool and Genovis 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 TalkPool and Genovis AB into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between TalkPool AG and Genovis AB, you can compare the effects of market volatilities on TalkPool and Genovis 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 TalkPool with a short position of Genovis AB. Check out your portfolio center. Please also check ongoing floating volatility patterns of TalkPool and Genovis AB.
Diversification Opportunities for TalkPool and Genovis AB
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between TalkPool and Genovis is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding TalkPool AG and Genovis AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Genovis AB and TalkPool 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 TalkPool AG are associated (or correlated) with Genovis AB. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Genovis AB has no effect on the direction of TalkPool i.e., TalkPool and Genovis AB go up and down completely randomly.
Pair Corralation between TalkPool and Genovis AB
Assuming the 90 days trading horizon TalkPool AG is expected to generate 1.31 times more return on investment than Genovis AB. However, TalkPool is 1.31 times more volatile than Genovis AB. It trades about 0.02 of its potential returns per unit of risk. Genovis AB is currently generating about -0.06 per unit of risk. If you would invest 1,380 in TalkPool AG on September 8, 2025 and sell it today you would earn a total of 20.00 from holding TalkPool AG or generate 1.45% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
TalkPool AG vs. Genovis AB
Performance |
| Timeline |
| TalkPool AG |
| Genovis AB |
TalkPool and Genovis AB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with TalkPool and Genovis AB
The main advantage of trading using opposite TalkPool and Genovis AB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if TalkPool position performs unexpectedly, Genovis 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 Genovis AB will offset losses from the drop in Genovis AB's long position.| TalkPool vs. Axfood AB | TalkPool vs. OptiCept Technologies AB | TalkPool vs. Avanza Bank Holding | TalkPool vs. Vitec Software Group |
| Genovis AB vs. OptiCept Technologies AB | Genovis AB vs. Lea Bank AB | Genovis AB vs. Vitec Software Group | Genovis AB vs. Svenska Handelsbanken AB |
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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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