Correlation Between AGM Group and Orangekloud Technology
Can any of the company-specific risk be diversified away by investing in both AGM Group and Orangekloud 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 AGM Group and Orangekloud Technology into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between AGM Group Holdings and Orangekloud Technology Class, you can compare the effects of market volatilities on AGM Group and Orangekloud 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 AGM Group with a short position of Orangekloud Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of AGM Group and Orangekloud Technology.
Diversification Opportunities for AGM Group and Orangekloud Technology
-0.1 | Correlation Coefficient |
Good diversification
The 3 months correlation between AGM and Orangekloud is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding AGM Group Holdings and Orangekloud Technology Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Orangekloud Technology and AGM Group 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 AGM Group Holdings are associated (or correlated) with Orangekloud Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Orangekloud Technology has no effect on the direction of AGM Group i.e., AGM Group and Orangekloud Technology go up and down completely randomly.
Pair Corralation between AGM Group and Orangekloud Technology
Given the investment horizon of 90 days AGM Group Holdings is expected to generate 8.31 times more return on investment than Orangekloud Technology. However, AGM Group is 8.31 times more volatile than Orangekloud Technology Class. It trades about 0.09 of its potential returns per unit of risk. Orangekloud Technology Class is currently generating about -0.23 per unit of risk. If you would invest 202.00 in AGM Group Holdings on August 20, 2025 and sell it today you would earn a total of 118.00 from holding AGM Group Holdings or generate 58.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
AGM Group Holdings vs. Orangekloud Technology Class
Performance |
| Timeline |
| AGM Group Holdings |
| Orangekloud Technology |
AGM Group and Orangekloud Technology Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with AGM Group and Orangekloud Technology
The main advantage of trading using opposite AGM Group and Orangekloud Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if AGM Group position performs unexpectedly, Orangekloud 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 Orangekloud Technology will offset losses from the drop in Orangekloud Technology's long position.| AGM Group vs. Orangekloud Technology Class | AGM Group vs. Banzai International | AGM Group vs. Versus Systems | AGM Group vs. Lucas GC Limited |
| Orangekloud Technology vs. AGM Group Holdings | Orangekloud Technology vs. Global Interactive Technologies, | Orangekloud Technology vs. Infobird Co | Orangekloud Technology vs. Versus 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Other Complementary Tools
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |