Correlation Between CEWE Stiftung and NETCLASS TECHNOLOGY
Can any of the company-specific risk be diversified away by investing in both CEWE Stiftung and NETCLASS TECHNOLOGY 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 CEWE Stiftung and NETCLASS TECHNOLOGY into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between CEWE Stiftung Co and NETCLASS TECHNOLOGY INC, you can compare the effects of market volatilities on CEWE Stiftung and NETCLASS TECHNOLOGY 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 CEWE Stiftung with a short position of NETCLASS TECHNOLOGY. Check out your portfolio center. Please also check ongoing floating volatility patterns of CEWE Stiftung and NETCLASS TECHNOLOGY.
Diversification Opportunities for CEWE Stiftung and NETCLASS TECHNOLOGY
-0.53 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between CEWE and NETCLASS is -0.53. Overlapping area represents the amount of risk that can be diversified away by holding CEWE Stiftung Co and NETCLASS TECHNOLOGY INC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on NETCLASS TECHNOLOGY INC and CEWE Stiftung 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 CEWE Stiftung Co are associated (or correlated) with NETCLASS TECHNOLOGY. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NETCLASS TECHNOLOGY INC has no effect on the direction of CEWE Stiftung i.e., CEWE Stiftung and NETCLASS TECHNOLOGY go up and down completely randomly.
Pair Corralation between CEWE Stiftung and NETCLASS TECHNOLOGY
Assuming the 90 days trading horizon CEWE Stiftung Co is expected to generate 0.07 times more return on investment than NETCLASS TECHNOLOGY. However, CEWE Stiftung Co is 14.23 times less risky than NETCLASS TECHNOLOGY. It trades about 0.0 of its potential returns per unit of risk. NETCLASS TECHNOLOGY INC is currently generating about -0.12 per unit of risk. If you would invest 10,200 in CEWE Stiftung Co on November 27, 2025 and sell it today you would lose (20.00) from holding CEWE Stiftung Co or give up 0.2% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 98.33% |
| Values | Daily Returns |
CEWE Stiftung Co vs. NETCLASS TECHNOLOGY INC
Performance |
| Timeline |
| CEWE Stiftung |
| NETCLASS TECHNOLOGY INC |
CEWE Stiftung and NETCLASS TECHNOLOGY Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CEWE Stiftung and NETCLASS TECHNOLOGY
The main advantage of trading using opposite CEWE Stiftung and NETCLASS TECHNOLOGY positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CEWE Stiftung position performs unexpectedly, NETCLASS TECHNOLOGY 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 NETCLASS TECHNOLOGY will offset losses from the drop in NETCLASS TECHNOLOGY's long position.| CEWE Stiftung vs. Sydbank AS | CEWE Stiftung vs. JINS HOLDINGS INC | CEWE Stiftung vs. Mizuno | CEWE Stiftung vs. Sony Group Corp |
| NETCLASS TECHNOLOGY vs. Firefly Neuroscience | NETCLASS TECHNOLOGY vs. Nextplat Corp | NETCLASS TECHNOLOGY vs. ConnectM Technology Solutions | NETCLASS TECHNOLOGY vs. SAGTEC GLOBAL LIMITED |
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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