Correlation Between Katapult Holdings and Synchronoss Technologies
Can any of the company-specific risk be diversified away by investing in both Katapult Holdings and Synchronoss Technologies 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 Katapult Holdings and Synchronoss Technologies into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Katapult Holdings and Synchronoss Technologies, you can compare the effects of market volatilities on Katapult Holdings and Synchronoss Technologies 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 Katapult Holdings with a short position of Synchronoss Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of Katapult Holdings and Synchronoss Technologies.
Diversification Opportunities for Katapult Holdings and Synchronoss Technologies
0.5 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Katapult and Synchronoss is 0.5. Overlapping area represents the amount of risk that can be diversified away by holding Katapult Holdings and Synchronoss Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Synchronoss Technologies and Katapult 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 Katapult Holdings are associated (or correlated) with Synchronoss Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Synchronoss Technologies has no effect on the direction of Katapult Holdings i.e., Katapult Holdings and Synchronoss Technologies go up and down completely randomly.
Pair Corralation between Katapult Holdings and Synchronoss Technologies
Given the investment horizon of 90 days Katapult Holdings is expected to under-perform the Synchronoss Technologies. In addition to that, Katapult Holdings is 2.34 times more volatile than Synchronoss Technologies. It trades about -0.11 of its total potential returns per unit of risk. Synchronoss Technologies is currently generating about -0.09 per unit of volatility. If you would invest 642.00 in Synchronoss Technologies on August 15, 2025 and sell it today you would lose (142.00) from holding Synchronoss Technologies or give up 22.12% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Katapult Holdings vs. Synchronoss Technologies
Performance |
| Timeline |
| Katapult Holdings |
| Synchronoss Technologies |
Katapult Holdings and Synchronoss Technologies Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Katapult Holdings and Synchronoss Technologies
The main advantage of trading using opposite Katapult Holdings and Synchronoss Technologies positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Katapult Holdings position performs unexpectedly, Synchronoss Technologies 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 Synchronoss Technologies will offset losses from the drop in Synchronoss Technologies' long position.| Katapult Holdings vs. FatPipe, Common Stock | Katapult Holdings vs. Airship AI Holdings | Katapult Holdings vs. Surgepays | Katapult Holdings vs. Synchronoss Technologies |
| Synchronoss Technologies vs. Infrared Cameras Holdings | Synchronoss Technologies vs. Micropolis Holding | Synchronoss Technologies vs. Zenvia Inc | Synchronoss Technologies 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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