Correlation Between LogicMark and Supercom
Can any of the company-specific risk be diversified away by investing in both LogicMark and Supercom 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 LogicMark and Supercom into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between LogicMark and Supercom, you can compare the effects of market volatilities on LogicMark and Supercom 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 LogicMark with a short position of Supercom. Check out your portfolio center. Please also check ongoing floating volatility patterns of LogicMark and Supercom.
Diversification Opportunities for LogicMark and Supercom
Very good diversification
The 3 months correlation between LogicMark and Supercom is -0.29. Overlapping area represents the amount of risk that can be diversified away by holding LogicMark and Supercom in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Supercom and LogicMark 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 LogicMark are associated (or correlated) with Supercom. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Supercom has no effect on the direction of LogicMark i.e., LogicMark and Supercom go up and down completely randomly.
Pair Corralation between LogicMark and Supercom
Given the investment horizon of 90 days LogicMark is expected to generate 1.64 times more return on investment than Supercom. However, LogicMark is 1.64 times more volatile than Supercom. It trades about 0.05 of its potential returns per unit of risk. Supercom is currently generating about 0.05 per unit of risk. If you would invest 0.31 in LogicMark on July 20, 2025 and sell it today you would earn a total of 0.02 from holding LogicMark or generate 6.45% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
LogicMark vs. Supercom
Performance |
| Timeline |
| LogicMark |
| Supercom |
LogicMark and Supercom Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with LogicMark and Supercom
The main advantage of trading using opposite LogicMark and Supercom positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if LogicMark position performs unexpectedly, Supercom 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 Supercom will offset losses from the drop in Supercom's long position.| LogicMark vs. SMX Public Limited | LogicMark vs. Zoomcar Holdings | LogicMark vs. C3is Inc | LogicMark vs. EPWK Holdings Ltd |
| Supercom vs. Ads Tec Energy | Supercom vs. Knightscope | Supercom vs. Hyperscale Data, | Supercom vs. Ampco Pittsburgh |
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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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