Correlation Between Aurora Mobile and LivePerson
Can any of the company-specific risk be diversified away by investing in both Aurora Mobile and LivePerson 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 Aurora Mobile and LivePerson into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aurora Mobile and LivePerson, you can compare the effects of market volatilities on Aurora Mobile and LivePerson 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 Aurora Mobile with a short position of LivePerson. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aurora Mobile and LivePerson.
Diversification Opportunities for Aurora Mobile and LivePerson
0.78 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Aurora and LivePerson is 0.78. Overlapping area represents the amount of risk that can be diversified away by holding Aurora Mobile and LivePerson in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LivePerson and Aurora Mobile 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 Aurora Mobile are associated (or correlated) with LivePerson. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LivePerson has no effect on the direction of Aurora Mobile i.e., Aurora Mobile and LivePerson go up and down completely randomly.
Pair Corralation between Aurora Mobile and LivePerson
Allowing for the 90-day total investment horizon Aurora Mobile is expected to generate 0.54 times more return on investment than LivePerson. However, Aurora Mobile is 1.85 times less risky than LivePerson. It trades about -0.14 of its potential returns per unit of risk. LivePerson is currently generating about -0.18 per unit of risk. If you would invest 843.00 in Aurora Mobile on October 6, 2025 and sell it today you would lose (218.00) from holding Aurora Mobile or give up 25.86% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 98.41% |
| Values | Daily Returns |
Aurora Mobile vs. LivePerson
Performance |
| Timeline |
| Aurora Mobile |
| LivePerson |
Aurora Mobile and LivePerson Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aurora Mobile and LivePerson
The main advantage of trading using opposite Aurora Mobile and LivePerson positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aurora Mobile position performs unexpectedly, LivePerson 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 LivePerson will offset losses from the drop in LivePerson's long position.| Aurora Mobile vs. Cerberus Cyber Sentinel | Aurora Mobile vs. Glimpse Group | Aurora Mobile vs. RDE Inc | Aurora Mobile vs. Intrusion |
| LivePerson vs. Intellinetics | LivePerson vs. Beamr Imaging Ltd | LivePerson vs. Viewbix Common Stock | LivePerson vs. BeLive Holdings Ordinary |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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