Correlation Between One Stop and Voxeljet
Can any of the company-specific risk be diversified away by investing in both One Stop and Voxeljet 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 One Stop and Voxeljet into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between One Stop Systems and Voxeljet Ag, you can compare the effects of market volatilities on One Stop and Voxeljet 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 One Stop with a short position of Voxeljet. Check out your portfolio center. Please also check ongoing floating volatility patterns of One Stop and Voxeljet.
Diversification Opportunities for One Stop and Voxeljet
Pay attention - limited upside
The 3 months correlation between One and Voxeljet is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding One Stop Systems and Voxeljet Ag in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Voxeljet Ag and One Stop 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 One Stop Systems are associated (or correlated) with Voxeljet. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Voxeljet Ag has no effect on the direction of One Stop i.e., One Stop and Voxeljet go up and down completely randomly.
Pair Corralation between One Stop and Voxeljet
If you would invest 172.00 in One Stop Systems on January 10, 2025 and sell it today you would earn a total of 37.00 from holding One Stop Systems or generate 21.51% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
One Stop Systems vs. Voxeljet Ag
Performance |
| Timeline |
| One Stop Systems |
| Voxeljet Ag |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
One Stop and Voxeljet Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with One Stop and Voxeljet
The main advantage of trading using opposite One Stop and Voxeljet positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if One Stop position performs unexpectedly, Voxeljet 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 Voxeljet will offset losses from the drop in Voxeljet's long position.| One Stop vs. Canon Inc | One Stop vs. Artificial Intelligence Technology | One Stop vs. Quantum Computing | One Stop vs. Ageagle Aerial Systems |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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