Correlation Between Marpai and Nio
Can any of the company-specific risk be diversified away by investing in both Marpai and Nio 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 Marpai and Nio into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Marpai Inc and Nio Class A, you can compare the effects of market volatilities on Marpai and Nio 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 Marpai with a short position of Nio. Check out your portfolio center. Please also check ongoing floating volatility patterns of Marpai and Nio.
Diversification Opportunities for Marpai and Nio
Good diversification
The 3 months correlation between Marpai and Nio is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Marpai Inc and Nio Class A in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nio Class A and Marpai 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 Marpai Inc are associated (or correlated) with Nio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nio Class A has no effect on the direction of Marpai i.e., Marpai and Nio go up and down completely randomly.
Pair Corralation between Marpai and Nio
Given the investment horizon of 90 days Marpai is expected to generate 2.09 times less return on investment than Nio. In addition to that, Marpai is 1.22 times more volatile than Nio Class A. It trades about 0.06 of its total potential returns per unit of risk. Nio Class A is currently generating about 0.15 per unit of volatility. If you would invest 452.00 in Nio Class A on July 20, 2025 and sell it today you would earn a total of 223.00 from holding Nio Class A or generate 49.34% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Marpai Inc vs. Nio Class A
Performance |
| Timeline |
| Marpai Inc |
| Nio Class A |
Marpai and Nio Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Marpai and Nio
The main advantage of trading using opposite Marpai and Nio positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Marpai position performs unexpectedly, Nio 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 Nio will offset losses from the drop in Nio's long position.| Marpai vs. Sirona Biochem Corp | Marpai vs. PetVivo Holdings | Marpai vs. Charlottes Web Holdings | Marpai vs. Cansortium |
| Nio vs. Rivian Automotive | Nio vs. Honda Motor Co | Nio vs. Mobileye Global Class | Nio vs. Yum China 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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