Correlation Analysis Between Cadus and Regeneron Pharmaceuticals

This module allows you to analyze existing cross correlation between Cadus Corporation and Regeneron Pharmaceuticals. You can compare the effects of market volatilities on Cadus and Regeneron Pharmaceuticals 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 Cadus with a short position of Regeneron Pharmaceuticals. See also your portfolio center. Please also check ongoing floating volatility patterns of Cadus and Regeneron Pharmaceuticals.
 Time Horizon     30 Days    Login   to change

Cadus Corp.  vs.  Regeneron Pharmaceuticals Inc

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, Cadus is expected to generate 202.81 times less return on investment than Regeneron Pharmaceuticals. But when comparing it to its historical volatility, Cadus Corporation is 2.08 times less risky than Regeneron Pharmaceuticals. It trades about 0.0 of its potential returns per unit of risk. Regeneron Pharmaceuticals is currently generating about 0.35 of returns per unit of risk over similar time horizon. If you would invest  29,531  in Regeneron Pharmaceuticals on May 23, 2018 and sell it today you would earn a total of  3,373  from holding Regeneron Pharmaceuticals or generate 11.42% return on investment over 30 days.

Pair Corralation between Cadus and Regeneron Pharmaceuticals

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

 Predicted Return Density 

Risk-Adjusted Performance

Over the last 30 days Cadus Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
Regeneron Pharmaceuticals  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Regeneron Pharmaceuticals are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.

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