Correlation Between Longevity Health and Repligen
Can any of the company-specific risk be diversified away by investing in both Longevity Health and Repligen 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 Longevity Health and Repligen into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Longevity Health Holdings, and Repligen, you can compare the effects of market volatilities on Longevity Health and Repligen 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 Longevity Health with a short position of Repligen. Check out your portfolio center. Please also check ongoing floating volatility patterns of Longevity Health and Repligen.
Diversification Opportunities for Longevity Health and Repligen
-0.28 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Longevity and Repligen is -0.28. Overlapping area represents the amount of risk that can be diversified away by holding Longevity Health Holdings, and Repligen in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Repligen and Longevity Health 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 Longevity Health Holdings, are associated (or correlated) with Repligen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Repligen has no effect on the direction of Longevity Health i.e., Longevity Health and Repligen go up and down completely randomly.
Pair Corralation between Longevity Health and Repligen
Given the investment horizon of 90 days Longevity Health Holdings, is expected to under-perform the Repligen. In addition to that, Longevity Health is 1.88 times more volatile than Repligen. It trades about -0.03 of its total potential returns per unit of risk. Repligen is currently generating about 0.14 per unit of volatility. If you would invest 11,188 in Repligen on June 10, 2025 and sell it today you would earn a total of 929.50 from holding Repligen or generate 8.31% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Longevity Health Holdings, vs. Repligen
Performance |
| Timeline |
| Longevity Health Hol |
| Repligen |
Longevity Health and Repligen Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Longevity Health and Repligen
The main advantage of trading using opposite Longevity Health and Repligen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Longevity Health position performs unexpectedly, Repligen 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 Repligen will offset losses from the drop in Repligen's long position.| Longevity Health vs. ARB IOT Group | Longevity Health vs. BioNexus Gene Lab | Longevity Health vs. The Clorox | Longevity Health vs. Estee Lauder Companies |
| Repligen vs. Intuitive Surgical | Repligen vs. ResMed Inc | Repligen vs. Merit Medical Systems | Repligen vs. ICU Medical |
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 Commodity Directory module to find actively traded commodities issued by global exchanges.
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