Correlation Between Kaspien Holdings and Kubient

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Can any of the company-specific risk be diversified away by investing in both Kaspien Holdings 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 Kaspien Holdings and Kubient into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kaspien Holdings and Kubient, you can compare the effects of market volatilities on Kaspien Holdings 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 Kaspien Holdings with a short position of Kubient. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kaspien Holdings and Kubient.

Diversification Opportunities for Kaspien Holdings and Kubient

KaspienKubientDiversified AwayKaspienKubientDiversified Away100%
0.0
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between Kaspien and Kubient is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Kaspien Holdings and Kubient in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kubient and Kaspien Holdings 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 Kaspien Holdings 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 Kaspien Holdings i.e., Kaspien Holdings and Kubient go up and down completely randomly.

Pair Corralation between Kaspien Holdings and Kubient

If you would invest (100.00) in Kubient on December 2, 2024 and sell it today you would earn a total of  100.00  from holding Kubient or generate -100.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Kaspien Holdings  vs.  Kubient

 Performance 
JavaScript chart by amCharts 3.21.15Dec2025Feb 2468
JavaScript chart by amCharts 3.21.15KSPN KBNT
       Timeline  
Kaspien Holdings 

Risk-Adjusted Performance

Very Weak

 
Weak
 
Strong
Over the last 90 days Kaspien Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Kaspien Holdings is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.
Kubient 

Risk-Adjusted Performance

Very Weak

 
Weak
 
Strong
Over the last 90 days Kubient has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Kubient is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Kaspien Holdings and Kubient Volatility Contrast

   Predicted Return Density   
JavaScript chart by amCharts 3.21.15 2468
JavaScript chart by amCharts 3.21.15KSPN KBNT
       Returns  

Pair Trading with Kaspien Holdings and Kubient

The main advantage of trading using opposite Kaspien Holdings and Kubient positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kaspien Holdings 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.
The idea behind Kaspien Holdings and Kubient pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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