Correlation Between Grab Holdings and Radcom
Can any of the company-specific risk be diversified away by investing in both Grab Holdings and Radcom 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 Grab Holdings and Radcom into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Grab Holdings and Radcom, you can compare the effects of market volatilities on Grab Holdings and Radcom 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 Grab Holdings with a short position of Radcom. Check out your portfolio center. Please also check ongoing floating volatility patterns of Grab Holdings and Radcom.
Diversification Opportunities for Grab Holdings and Radcom
0.74 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Grab and Radcom is 0.74. Overlapping area represents the amount of risk that can be diversified away by holding Grab Holdings and Radcom in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Radcom and Grab 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 Grab Holdings are associated (or correlated) with Radcom. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Radcom has no effect on the direction of Grab Holdings i.e., Grab Holdings and Radcom go up and down completely randomly.
Pair Corralation between Grab Holdings and Radcom
Given the investment horizon of 90 days Grab Holdings is expected to generate 0.99 times more return on investment than Radcom. However, Grab Holdings is 1.01 times less risky than Radcom. It trades about 0.04 of its potential returns per unit of risk. Radcom is currently generating about -0.01 per unit of risk. If you would invest 535.00 in Grab Holdings on July 20, 2025 and sell it today you would earn a total of 29.00 from holding Grab Holdings or generate 5.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Grab Holdings vs. Radcom
Performance |
| Timeline |
| Grab Holdings |
| Radcom |
Grab Holdings and Radcom Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Grab Holdings and Radcom
The main advantage of trading using opposite Grab Holdings and Radcom positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Grab Holdings position performs unexpectedly, Radcom 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 Radcom will offset losses from the drop in Radcom's long position.| Grab Holdings vs. PTC Inc | Grab Holdings vs. Zoom Video Communications | Grab Holdings vs. Guidewire Software | Grab Holdings vs. Trade Desk |
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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