Correlation Between Hub Cyber and CBL Associates
Can any of the company-specific risk be diversified away by investing in both Hub Cyber and CBL Associates 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 Hub Cyber and CBL Associates into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Hub Cyber Security and CBL Associates Properties, you can compare the effects of market volatilities on Hub Cyber and CBL Associates 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 Hub Cyber with a short position of CBL Associates. Check out your portfolio center. Please also check ongoing floating volatility patterns of Hub Cyber and CBL Associates.
Diversification Opportunities for Hub Cyber and CBL Associates
-0.18 | Correlation Coefficient |
Good diversification
The 3 months correlation between Hub and CBL is -0.18. Overlapping area represents the amount of risk that can be diversified away by holding Hub Cyber Security and CBL Associates Properties in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CBL Associates Properties and Hub Cyber 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 Hub Cyber Security are associated (or correlated) with CBL Associates. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CBL Associates Properties has no effect on the direction of Hub Cyber i.e., Hub Cyber and CBL Associates go up and down completely randomly.
Pair Corralation between Hub Cyber and CBL Associates
Assuming the 90 days horizon Hub Cyber Security is expected to generate 11.11 times more return on investment than CBL Associates. However, Hub Cyber is 11.11 times more volatile than CBL Associates Properties. It trades about 0.04 of its potential returns per unit of risk. CBL Associates Properties is currently generating about 0.1 per unit of risk. If you would invest 1.40 in Hub Cyber Security on August 30, 2025 and sell it today you would lose (0.45) from holding Hub Cyber Security or give up 32.14% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 92.06% |
| Values | Daily Returns |
Hub Cyber Security vs. CBL Associates Properties
Performance |
| Timeline |
| Hub Cyber Security |
| CBL Associates Properties |
Hub Cyber and CBL Associates Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hub Cyber and CBL Associates
The main advantage of trading using opposite Hub Cyber and CBL Associates positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Hub Cyber position performs unexpectedly, CBL Associates 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 CBL Associates will offset losses from the drop in CBL Associates' long position.| Hub Cyber vs. First Foods Group | Hub Cyber vs. Takamatsu Construction Group | Hub Cyber vs. Suntory Beverage Food | Hub Cyber vs. Bebida Beverage Co |
| CBL Associates vs. ePlay Digital | CBL Associates vs. Academy Sports Outdoors | CBL Associates vs. GameStop Corp | CBL Associates vs. Champion Gaming Group |
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Complementary Tools
| AI Portfolio Prophet Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |