Correlation Between Oatly Group and Inflection Point
Can any of the company-specific risk be diversified away by investing in both Oatly Group and Inflection Point 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 Inflection Point 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 Inflection Point Acquisition, you can compare the effects of market volatilities on Oatly Group and Inflection Point 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 Inflection Point. Check out your portfolio center. Please also check ongoing floating volatility patterns of Oatly Group and Inflection Point.
Diversification Opportunities for Oatly Group and Inflection Point
-0.24 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Oatly and Inflection is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Oatly Group AB and Inflection Point Acquisition in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Inflection Point Acq 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 Inflection Point. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Inflection Point Acq has no effect on the direction of Oatly Group i.e., Oatly Group and Inflection Point go up and down completely randomly.
Pair Corralation between Oatly Group and Inflection Point
Given the investment horizon of 90 days Oatly Group AB is expected to under-perform the Inflection Point. But the stock apears to be less risky and, when comparing its historical volatility, Oatly Group AB is 9.61 times less risky than Inflection Point. The stock trades about 0.0 of its potential returns per unit of risk. The Inflection Point Acquisition is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Inflection Point Acquisition on September 12, 2024 and sell it today you would earn a total of 1,490 from holding Inflection Point Acquisition or generate 9.223372036854776E16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 78.99% |
| Values | Daily Returns |
Oatly Group AB vs. Inflection Point Acquisition
Performance |
| Timeline |
| Oatly Group AB |
| Inflection Point Acq |
Oatly Group and Inflection Point Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Oatly Group and Inflection Point
The main advantage of trading using opposite Oatly Group and Inflection Point positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Oatly Group position performs unexpectedly, Inflection Point 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 Inflection Point will offset losses from the drop in Inflection Point's long position.| Oatly Group vs. Flow Beverage Corp | Oatly Group vs. Fbec Worldwide | Oatly Group vs. Hill Street Beverage | Oatly Group vs. Eq Energy Drink |
| Inflection Point vs. 51Talk Online Education | Inflection Point vs. CarsalesCom Ltd ADR | Inflection Point vs. Osaka Steel Co, | Inflection Point vs. Marchex |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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