Correlation Between O2Micro International and Computer Task
Can any of the company-specific risk be diversified away by investing in both O2Micro International and Computer Task 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 O2Micro International and Computer Task into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between O2Micro International Limited and Computer Task Group, you can compare the effects of market volatilities on O2Micro International and Computer Task 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 O2Micro International with a short position of Computer Task. Check out your portfolio center. Please also check ongoing floating volatility patterns of O2Micro International and Computer Task.
Diversification Opportunities for O2Micro International and Computer Task
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between O2Micro and Computer is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding O2Micro International Limited and Computer Task Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Computer Task Group and O2Micro International 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 O2Micro International Limited are associated (or correlated) with Computer Task. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Computer Task Group has no effect on the direction of O2Micro International i.e., O2Micro International and Computer Task go up and down completely randomly.
Pair Corralation between O2Micro International and Computer Task
If you would invest (100.00) in Computer Task Group on October 15, 2025 and sell it today you would earn a total of 100.00 from holding Computer Task Group or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
O2Micro International Limited vs. Computer Task Group
Performance |
| Timeline |
| O2Micro International |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| Computer Task Group |
Risk-Adjusted Performance
Weakest
Weak | Strong |
O2Micro International and Computer Task Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with O2Micro International and Computer Task
The main advantage of trading using opposite O2Micro International and Computer Task positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if O2Micro International position performs unexpectedly, Computer Task 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 Computer Task will offset losses from the drop in Computer Task's long position.| O2Micro International vs. Climb Global Solutions | O2Micro International vs. DeFi Development Corp | O2Micro International vs. Tingo Group |
| Computer Task vs. Tingo Group | Computer Task vs. DeFi Development Corp | Computer Task vs. Climb Global Solutions |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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