Correlation Between EMagin and KULR Technology
Can any of the company-specific risk be diversified away by investing in both EMagin and KULR 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 EMagin and KULR Technology into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between EMagin and KULR Technology Group, you can compare the effects of market volatilities on EMagin and KULR 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 EMagin with a short position of KULR Technology. Check out your portfolio center. Please also check ongoing floating volatility patterns of EMagin and KULR Technology.
Diversification Opportunities for EMagin and KULR Technology
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between EMagin and KULR is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding EMagin and KULR Technology Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on KULR Technology Group and EMagin 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 EMagin are associated (or correlated) with KULR Technology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of KULR Technology Group has no effect on the direction of EMagin i.e., EMagin and KULR Technology go up and down completely randomly.
Pair Corralation between EMagin and KULR Technology
If you would invest (100.00) in EMagin on June 10, 2025 and sell it today you would earn a total of 100.00 from holding EMagin or generate -100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
EMagin vs. KULR Technology Group
Performance |
| Timeline |
| EMagin |
Risk-Adjusted Performance
Weakest
Weak | Strong |
| KULR Technology Group |
EMagin and KULR Technology Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with EMagin and KULR Technology
The main advantage of trading using opposite EMagin and KULR Technology positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if EMagin position performs unexpectedly, KULR 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 KULR Technology will offset losses from the drop in KULR Technology's long position.| EMagin vs. KULR Technology Group | EMagin vs. Ouster, Common Stock | EMagin vs. LightPath Technologies | EMagin vs. Daktronics |
| KULR Technology vs. Cps Technologies | KULR Technology vs. Kopin | KULR Technology vs. X3 Holdings Co | KULR Technology vs. BioSig Technologies, Common |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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