Correlation Between Lend Lease and Vuzix Corp
Can any of the company-specific risk be diversified away by investing in both Lend Lease and Vuzix Corp 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 Lend Lease and Vuzix Corp into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Lend Lease Group and Vuzix Corp Cmn, you can compare the effects of market volatilities on Lend Lease and Vuzix Corp 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 Lend Lease with a short position of Vuzix Corp. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lend Lease and Vuzix Corp.
Diversification Opportunities for Lend Lease and Vuzix Corp
0.48 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Lend and Vuzix is 0.48. Overlapping area represents the amount of risk that can be diversified away by holding Lend Lease Group and Vuzix Corp Cmn in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vuzix Corp Cmn and Lend Lease 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 Lend Lease Group are associated (or correlated) with Vuzix Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vuzix Corp Cmn has no effect on the direction of Lend Lease i.e., Lend Lease and Vuzix Corp go up and down completely randomly.
Pair Corralation between Lend Lease and Vuzix Corp
Assuming the 90 days horizon Lend Lease Group is expected to under-perform the Vuzix Corp. But the pink sheet apears to be less risky and, when comparing its historical volatility, Lend Lease Group is 4.15 times less risky than Vuzix Corp. The pink sheet trades about -0.06 of its potential returns per unit of risk. The Vuzix Corp Cmn is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 210.00 in Vuzix Corp Cmn on September 3, 2025 and sell it today you would earn a total of 49.00 from holding Vuzix Corp Cmn or generate 23.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
Lend Lease Group vs. Vuzix Corp Cmn
Performance |
| Timeline |
| Lend Lease Group |
| Vuzix Corp Cmn |
Lend Lease and Vuzix Corp Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lend Lease and Vuzix Corp
The main advantage of trading using opposite Lend Lease and Vuzix Corp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lend Lease position performs unexpectedly, Vuzix Corp 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 Vuzix Corp will offset losses from the drop in Vuzix Corp's long position.| Lend Lease vs. Comtech Telecommunications Corp | Lend Lease vs. Xtera Communications | Lend Lease vs. Curtiss Motorcycles | Lend Lease vs. Espey Mfg Electronics |
| Vuzix Corp vs. SCI Engineered Materials | Vuzix Corp vs. E data | Vuzix Corp vs. Data Evolution Holdings | Vuzix Corp vs. Rayonier Advanced Materials |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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