Correlation Between Kura Sushi and Contextlogic
Can any of the company-specific risk be diversified away by investing in both Kura Sushi and Contextlogic 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 Kura Sushi and Contextlogic into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Kura Sushi USA and Contextlogic, you can compare the effects of market volatilities on Kura Sushi and Contextlogic 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 Kura Sushi with a short position of Contextlogic. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kura Sushi and Contextlogic.
Diversification Opportunities for Kura Sushi and Contextlogic
0.17 | Correlation Coefficient |
Average diversification
The 3 months correlation between Kura and Contextlogic is 0.17. Overlapping area represents the amount of risk that can be diversified away by holding Kura Sushi USA and Contextlogic in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Contextlogic and Kura Sushi 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 Kura Sushi USA are associated (or correlated) with Contextlogic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Contextlogic has no effect on the direction of Kura Sushi i.e., Kura Sushi and Contextlogic go up and down completely randomly.
Pair Corralation between Kura Sushi and Contextlogic
Given the investment horizon of 90 days Kura Sushi USA is expected to generate 0.72 times more return on investment than Contextlogic. However, Kura Sushi USA is 1.39 times less risky than Contextlogic. It trades about 0.09 of its potential returns per unit of risk. Contextlogic is currently generating about -0.08 per unit of risk. If you would invest 6,606 in Kura Sushi USA on May 28, 2025 and sell it today you would earn a total of 1,259 from holding Kura Sushi USA or generate 19.06% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 29.03% |
| Values | Daily Returns |
Kura Sushi USA vs. Contextlogic
Performance |
| Timeline |
| Kura Sushi USA |
| Contextlogic |
Risk-Adjusted Performance
Weakest
Weak | Strong |
Kura Sushi and Contextlogic Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kura Sushi and Contextlogic
The main advantage of trading using opposite Kura Sushi and Contextlogic positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kura Sushi position performs unexpectedly, Contextlogic 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 Contextlogic will offset losses from the drop in Contextlogic's long position.| Kura Sushi vs. Dine Brands Global | Kura Sushi vs. Dennys Corp | Kura Sushi vs. Bloomin Brands | Kura Sushi vs. El Pollo Loco |
| Contextlogic vs. Anheuser Busch Inbev | Contextlogic vs. ScanSource | Contextlogic vs. Vita Coco | Contextlogic vs. Compania Cervecerias Unidas |
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 Stocks Directory module to find actively traded stocks across global markets.
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