Correlation Between Katapult Holdings and Glimpse
Can any of the company-specific risk be diversified away by investing in both Katapult Holdings and Glimpse 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 Glimpse into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Katapult Holdings Equity and Glimpse Group, you can compare the effects of market volatilities on Katapult Holdings and Glimpse 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 Glimpse. Check out your portfolio center. Please also check ongoing floating volatility patterns of Katapult Holdings and Glimpse.
Diversification Opportunities for Katapult Holdings and Glimpse
-0.34 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Katapult and Glimpse is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding Katapult Holdings Equity and Glimpse Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Glimpse Group 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 Equity are associated (or correlated) with Glimpse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Glimpse Group has no effect on the direction of Katapult Holdings i.e., Katapult Holdings and Glimpse go up and down completely randomly.
Pair Corralation between Katapult Holdings and Glimpse
Assuming the 90 days horizon Katapult Holdings Equity is expected to generate 3.0 times more return on investment than Glimpse. However, Katapult Holdings is 3.0 times more volatile than Glimpse Group. It trades about 0.13 of its potential returns per unit of risk. Glimpse Group is currently generating about -0.03 per unit of risk. If you would invest 0.69 in Katapult Holdings Equity on June 6, 2025 and sell it today you would earn a total of 0.39 from holding Katapult Holdings Equity or generate 56.52% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 79.03% |
| Values | Daily Returns |
Katapult Holdings Equity vs. Glimpse Group
Performance |
| Timeline |
| Katapult Holdings Equity |
| Glimpse Group |
Katapult Holdings and Glimpse Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Katapult Holdings and Glimpse
The main advantage of trading using opposite Katapult Holdings and Glimpse positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Katapult Holdings position performs unexpectedly, Glimpse 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 Glimpse will offset losses from the drop in Glimpse's long position.The idea behind Katapult Holdings Equity and Glimpse Group pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Glimpse vs. Tego Cyber | Glimpse vs. Priority Technology Holdings | Glimpse vs. Kaltura | Glimpse vs. Repay Holdings Corp |
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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