Correlation Between OFS Credit and Up Fintech
Can any of the company-specific risk be diversified away by investing in both OFS Credit and Up Fintech 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 OFS Credit and Up Fintech into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between OFS Credit and Up Fintech Holding, you can compare the effects of market volatilities on OFS Credit and Up Fintech 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 OFS Credit with a short position of Up Fintech. Check out your portfolio center. Please also check ongoing floating volatility patterns of OFS Credit and Up Fintech.
Diversification Opportunities for OFS Credit and Up Fintech
0.65 | Correlation Coefficient |
Poor diversification
The 3 months correlation between OFS and TIGR is 0.65. Overlapping area represents the amount of risk that can be diversified away by holding OFS Credit and Up Fintech Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Up Fintech Holding and OFS Credit 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 OFS Credit are associated (or correlated) with Up Fintech. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Up Fintech Holding has no effect on the direction of OFS Credit i.e., OFS Credit and Up Fintech go up and down completely randomly.
Pair Corralation between OFS Credit and Up Fintech
Given the investment horizon of 90 days OFS Credit is expected to under-perform the Up Fintech. But the stock apears to be less risky and, when comparing its historical volatility, OFS Credit is 2.33 times less risky than Up Fintech. The stock trades about -0.12 of its potential returns per unit of risk. The Up Fintech Holding is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 1,053 in Up Fintech Holding on August 20, 2025 and sell it today you would lose (138.00) from holding Up Fintech Holding or give up 13.11% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
OFS Credit vs. Up Fintech Holding
Performance |
| Timeline |
| OFS Credit |
| Up Fintech Holding |
OFS Credit and Up Fintech Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with OFS Credit and Up Fintech
The main advantage of trading using opposite OFS Credit and Up Fintech positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if OFS Credit position performs unexpectedly, Up Fintech 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 Up Fintech will offset losses from the drop in Up Fintech's long position.| OFS Credit vs. OFS Capital Corp | OFS Credit vs. BCP Investment Corp | OFS Credit vs. Silvercrest Asset Management | OFS Credit vs. Pearl Diver Credit |
| Up Fintech vs. American Bitcoin Corp | Up Fintech vs. Oppenheimer Holdings | Up Fintech vs. Employers Holdings | Up Fintech vs. Atlanticus 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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