Correlation Between DoubleVerify Holdings and Cerberus Cyber
Can any of the company-specific risk be diversified away by investing in both DoubleVerify Holdings and Cerberus Cyber 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 DoubleVerify Holdings and Cerberus Cyber into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between DoubleVerify Holdings and Cerberus Cyber Sentinel, you can compare the effects of market volatilities on DoubleVerify Holdings and Cerberus Cyber 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 DoubleVerify Holdings with a short position of Cerberus Cyber. Check out your portfolio center. Please also check ongoing floating volatility patterns of DoubleVerify Holdings and Cerberus Cyber.
Diversification Opportunities for DoubleVerify Holdings and Cerberus Cyber
-0.77 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between DoubleVerify and Cerberus is -0.77. Overlapping area represents the amount of risk that can be diversified away by holding DoubleVerify Holdings and Cerberus Cyber Sentinel in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cerberus Cyber Sentinel and DoubleVerify 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 DoubleVerify Holdings are associated (or correlated) with Cerberus Cyber. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cerberus Cyber Sentinel has no effect on the direction of DoubleVerify Holdings i.e., DoubleVerify Holdings and Cerberus Cyber go up and down completely randomly.
Pair Corralation between DoubleVerify Holdings and Cerberus Cyber
Allowing for the 90-day total investment horizon DoubleVerify Holdings is expected to under-perform the Cerberus Cyber. But the stock apears to be less risky and, when comparing its historical volatility, DoubleVerify Holdings is 2.2 times less risky than Cerberus Cyber. The stock trades about -0.17 of its potential returns per unit of risk. The Cerberus Cyber Sentinel is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 104.00 in Cerberus Cyber Sentinel on July 27, 2025 and sell it today you would earn a total of 21.00 from holding Cerberus Cyber Sentinel or generate 20.19% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
DoubleVerify Holdings vs. Cerberus Cyber Sentinel
Performance |
| Timeline |
| DoubleVerify Holdings |
| Cerberus Cyber Sentinel |
DoubleVerify Holdings and Cerberus Cyber Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with DoubleVerify Holdings and Cerberus Cyber
The main advantage of trading using opposite DoubleVerify Holdings and Cerberus Cyber positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if DoubleVerify Holdings position performs unexpectedly, Cerberus Cyber 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 Cerberus Cyber will offset losses from the drop in Cerberus Cyber's long position.| DoubleVerify Holdings vs. ADEIA P | DoubleVerify Holdings vs. Karooooo | DoubleVerify Holdings vs. Sprinklr | DoubleVerify Holdings vs. Progress Software |
| Cerberus Cyber vs. Arbe Robotics | Cerberus Cyber vs. Mogo Inc | Cerberus Cyber vs. BIT Mining | Cerberus Cyber vs. Katapult Holdings |
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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