Correlation Between Apeiron Capital and Oatly Group

Can any of the company-specific risk be diversified away by investing in both Apeiron Capital and Oatly Group 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 Apeiron Capital and Oatly Group into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Apeiron Capital Investment and Oatly Group AB, you can compare the effects of market volatilities on Apeiron Capital and Oatly Group 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 Apeiron Capital with a short position of Oatly Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of Apeiron Capital and Oatly Group.

Diversification Opportunities for Apeiron Capital and Oatly Group

0.0

Correlation Coefficient

Apeiron Capital  Oatly Group

Pay attention - limited upside

The 3 months correlation between Apeiron and Oatly is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Apeiron Capital Investment and Oatly Group AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oatly Group AB and Apeiron Capital 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 Apeiron Capital Investment are associated (or correlated) with Oatly Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oatly Group AB has no effect on the direction of Apeiron Capital i.e., Apeiron Capital and Oatly Group go up and down completely randomly.

Pair Corralation between Apeiron Capital and Oatly Group

If you would invest (100.00) in Apeiron Capital Investment on October 24, 2024 and sell it today you would earn a total of  100.00  from holding Apeiron Capital Investment or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Apeiron Capital Investment  vs.  Oatly Group AB

Apeiron Capital Inve

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Apeiron Capital Investment has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Apeiron Capital is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors.

Oatly Group AB

Risk-Adjusted Performance

0 of 100

Very Weak

Over the last 90 days Oatly Group AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's essential indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors.

Pair Trading with Apeiron Capital and Oatly Group

The main advantage of trading using opposite Apeiron Capital and Oatly Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Apeiron Capital position performs unexpectedly, Oatly Group 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 Oatly Group will offset losses from the drop in Oatly Group's long position.

The idea behind Apeiron Capital Investment and Oatly Group AB pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.