Correlation Between Inpixon and Kubient
Can any of the company-specific risk be diversified away by investing in both Inpixon and Kubient 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 Inpixon and Kubient into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Inpixon and Kubient, you can compare the effects of market volatilities on Inpixon and Kubient 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 Inpixon with a short position of Kubient. Check out your portfolio center. Please also check ongoing floating volatility patterns of Inpixon and Kubient.
Diversification Opportunities for Inpixon and Kubient
Weak diversification
The 3 months correlation between Inpixon and Kubient is 0.33. Overlapping area represents the amount of risk that can be diversified away by holding Inpixon and Kubient in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kubient and Inpixon 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 Inpixon are associated (or correlated) with Kubient. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kubient has no effect on the direction of Inpixon i.e., Inpixon and Kubient go up and down completely randomly.
Pair Corralation between Inpixon and Kubient
If you would invest 57.00 in Kubient on August 24, 2024 and sell it today you would earn a total of 0.00 from holding Kubient or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Inpixon vs. Kubient
Performance |
| Timeline |
| Inpixon |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Kubient |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Inpixon and Kubient Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Inpixon and Kubient
The main advantage of trading using opposite Inpixon and Kubient positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Inpixon position performs unexpectedly, Kubient 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 Kubient will offset losses from the drop in Kubient's long position.| Inpixon vs. Trust Stamp | Inpixon vs. HeartCore Enterprises | Inpixon vs. SoundHound AI | Inpixon vs. Infobird Co |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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