Correlation Between 180 Degree and Innventure,

Can any of the company-specific risk be diversified away by investing in both 180 Degree and Innventure, 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 180 Degree and Innventure, into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between 180 Degree Capital and Innventure,, you can compare the effects of market volatilities on 180 Degree and Innventure, 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 180 Degree with a short position of Innventure,. Check out your portfolio center. Please also check ongoing floating volatility patterns of 180 Degree and Innventure,.

Diversification Opportunities for 180 Degree and Innventure,

-0.3

Correlation Coefficient

180 Degree  Innventure,

Very good diversification

The 3 months correlation between 180 and Innventure, is -0.3. Overlapping area represents the amount of risk that can be diversified away by holding 180 Degree Capital and Innventure, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Innventure, and 180 Degree 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 180 Degree Capital are associated (or correlated) with Innventure,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Innventure, has no effect on the direction of 180 Degree i.e., 180 Degree and Innventure, go up and down completely randomly.

Pair Corralation between 180 Degree and Innventure,

Given the investment horizon of 90 days 180 Degree Capital is expected to generate 0.42 times more return on investment than Innventure,. However, 180 Degree Capital is 2.4 times less risky than Innventure,. It trades about 0.08 of its potential returns per unit of risk. Innventure, is currently generating about -0.18 per unit of risk. If you would invest  355.00  in 180 Degree Capital on December 29, 2024 and sell it today you would earn a total of  31.00  from holding 180 Degree Capital or generate 8.73% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

180 Degree Capital  vs.  Innventure,

180 Degree Capital

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in 180 Degree Capital are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very unsteady basic indicators, 180 Degree may actually be approaching a critical reversion point that can send shares even higher in April 2025.

Innventure,

Risk-Adjusted Performance

Very Weak

Over the last 90 days Innventure, has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in April 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors.

Pair Trading with 180 Degree and Innventure,

The main advantage of trading using opposite 180 Degree and Innventure, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 180 Degree position performs unexpectedly, Innventure, 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 Innventure, will offset losses from the drop in Innventure,'s long position.

The idea behind 180 Degree Capital and Innventure, 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.