Correlation Between Oatly Group and Apeiron Capital
Can any of the company-specific risk be diversified away by investing in both Oatly Group and Apeiron Capital 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 Oatly Group and Apeiron Capital into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Oatly Group AB and Apeiron Capital Investment, you can compare the effects of market volatilities on Oatly Group and Apeiron Capital 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 Oatly Group with a short position of Apeiron Capital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Oatly Group and Apeiron Capital.
Diversification Opportunities for Oatly Group and Apeiron Capital
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Oatly and Apeiron is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Oatly Group AB and Apeiron Capital Investment in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Apeiron Capital Inve and Oatly Group 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 Oatly Group AB are associated (or correlated) with Apeiron Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apeiron Capital Inve has no effect on the direction of Oatly Group i.e., Oatly Group and Apeiron Capital go up and down completely randomly.
Pair Corralation between Oatly Group and Apeiron Capital
If you would invest 62.00 in Oatly Group AB on October 23, 2024 and sell it today you would earn a total of 5.61 from holding Oatly Group AB or generate 9.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Oatly Group AB vs. Apeiron Capital Investment
Performance |
| Timeline |
| Oatly Group AB |
| Apeiron Capital Inve |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Oatly Group and Apeiron Capital Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Oatly Group and Apeiron Capital
The main advantage of trading using opposite Oatly Group and Apeiron Capital positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Oatly Group position performs unexpectedly, Apeiron Capital 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 Apeiron Capital will offset losses from the drop in Apeiron Capital's long position.| Oatly Group vs. Monster Beverage Corp | Oatly Group vs. Vita Coco | Oatly Group vs. PepsiCo | Oatly Group vs. The Coca Cola |
| Apeiron Capital vs. enVVeno Medical Corp | Apeiron Capital vs. Thai Beverage PCL | Apeiron Capital vs. Fernhill Beverage | Apeiron Capital vs. Oatly Group 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Complementary Tools
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Global Correlations Find global opportunities by holding instruments from different markets |