Correlation Between Image Systems and Integrum
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By analyzing existing cross correlation between Image Systems AB and Integrum AB Series, you can compare the effects of market volatilities on Image Systems and Integrum 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 Image Systems with a short position of Integrum. Check out your portfolio center. Please also check ongoing floating volatility patterns of Image Systems and Integrum.
Diversification Opportunities for Image Systems and Integrum
0.51 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Image and Integrum is 0.51. Overlapping area represents the amount of risk that can be diversified away by holding Image Systems AB and Integrum AB Series in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Integrum AB Series and Image Systems 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 Image Systems AB are associated (or correlated) with Integrum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Integrum AB Series has no effect on the direction of Image Systems i.e., Image Systems and Integrum go up and down completely randomly.
Pair Corralation between Image Systems and Integrum
Assuming the 90 days horizon Image Systems AB is expected to generate 1.18 times more return on investment than Integrum. However, Image Systems is 1.18 times more volatile than Integrum AB Series. It trades about 0.07 of its potential returns per unit of risk. Integrum AB Series is currently generating about -0.06 per unit of risk. If you would invest 90.00 in Image Systems AB on January 21, 2025 and sell it today you would earn a total of 98.00 from holding Image Systems AB or generate 108.89% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Image Systems AB vs. Integrum AB Series
Performance |
| Timeline |
| Image Systems AB |
| Integrum AB Series |
Image Systems and Integrum Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Image Systems and Integrum
The main advantage of trading using opposite Image Systems and Integrum positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Image Systems position performs unexpectedly, Integrum 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 Integrum will offset losses from the drop in Integrum's long position.| Image Systems vs. Precise Biometrics AB | Image Systems vs. Anoto Group AB | Image Systems vs. Bong AB | Image Systems vs. Episurf Medical AB |
| Integrum vs. Surgical Science Sweden | Integrum vs. Cantargia AB | Integrum vs. C Rad AB | Integrum vs. Bonesupport Holding AB |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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