Correlation Between Team Internet and Intrum AB
Can any of the company-specific risk be diversified away by investing in both Team Internet 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 Team Internet and Intrum AB into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Team Internet Group and Intrum AB, you can compare the effects of market volatilities on Team Internet 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 Team Internet with a short position of Intrum AB. Check out your portfolio center. Please also check ongoing floating volatility patterns of Team Internet and Intrum AB.
Diversification Opportunities for Team Internet and Intrum AB
0.47 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Team and Intrum is 0.47. Overlapping area represents the amount of risk that can be diversified away by holding Team Internet Group and Intrum AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intrum AB and Team Internet 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 Team Internet Group 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 Team Internet i.e., Team Internet and Intrum AB go up and down completely randomly.
Pair Corralation between Team Internet and Intrum AB
Assuming the 90 days trading horizon Team Internet Group is expected to generate 1.09 times more return on investment than Intrum AB. However, Team Internet is 1.09 times more volatile than Intrum AB. It trades about -0.12 of its potential returns per unit of risk. Intrum AB is currently generating about -0.23 per unit of risk. If you would invest 6,490 in Team Internet Group on July 20, 2025 and sell it today you would lose (1,490) from holding Team Internet Group or give up 22.96% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 98.48% |
| Values | Daily Returns |
Team Internet Group vs. Intrum AB
Performance |
| Timeline |
| Team Internet Group |
| Intrum AB |
Team Internet and Intrum AB Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Team Internet and Intrum AB
The main advantage of trading using opposite Team Internet and Intrum AB positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Team Internet 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.| Team Internet vs. Nordic Semiconductor ASA | Team Internet vs. Golden Metal Resources | Team Internet vs. Blackrock World Mining | Team Internet vs. Costco Wholesale Corp |
| 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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