Correlation Between Infinity Pharmaceuticals and Kaltura

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

By analyzing existing cross correlation between Infinity Pharmaceuticals and Kaltura, you can compare the effects of market volatilities on Infinity Pharmaceuticals and Kaltura 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 Infinity Pharmaceuticals with a short position of Kaltura. Check out your portfolio center. Please also check ongoing floating volatility patterns of Infinity Pharmaceuticals and Kaltura.

Diversification Opportunities for Infinity Pharmaceuticals and Kaltura

0.0

Correlation Coefficient

Infinity Pharmaceuticals  Kaltura

Pay attention - limited upside

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

Pair Corralation between Infinity Pharmaceuticals and Kaltura

If you would invest  0.00  in Infinity Pharmaceuticals on December 30, 2024 and sell it today you would earn a total of  0.00  from holding Infinity Pharmaceuticals or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.39%
Values	Daily Returns

Infinity Pharmaceuticals  vs.  Kaltura

Infinity Pharmaceuticals

Risk-Adjusted Performance

Very Weak

Over the last 90 days Infinity Pharmaceuticals has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable forward indicators, Infinity Pharmaceuticals is not utilizing all of its potentials. The newest stock price agitation, may contribute to short-term losses for the retail investors.

Kaltura

Risk-Adjusted Performance

Very Weak

Over the last 90 days Kaltura has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Kaltura is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors.

Pair Trading with Infinity Pharmaceuticals and Kaltura

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

The idea behind Infinity Pharmaceuticals and Kaltura 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.

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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.