Correlation Between QuickLogic and Valens
Can any of the company-specific risk be diversified away by investing in both QuickLogic and Valens 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 QuickLogic and Valens into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between QuickLogic and Valens, you can compare the effects of market volatilities on QuickLogic and Valens 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 QuickLogic with a short position of Valens. Check out your portfolio center. Please also check ongoing floating volatility patterns of QuickLogic and Valens.
Diversification Opportunities for QuickLogic and Valens
0.43 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between QuickLogic and Valens is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding QuickLogic and Valens in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Valens and QuickLogic 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 QuickLogic are associated (or correlated) with Valens. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Valens has no effect on the direction of QuickLogic i.e., QuickLogic and Valens go up and down completely randomly.
Pair Corralation between QuickLogic and Valens
Given the investment horizon of 90 days QuickLogic is expected to generate 1.04 times more return on investment than Valens. However, QuickLogic is 1.04 times more volatile than Valens. It trades about 0.12 of its potential returns per unit of risk. Valens is currently generating about 0.08 per unit of risk. If you would invest 494.00 in QuickLogic on April 15, 2025 and sell it today you would earn a total of 147.00 from holding QuickLogic or generate 29.76% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
QuickLogic vs. Valens
Performance |
| Timeline |
| QuickLogic |
| Valens |
QuickLogic and Valens Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with QuickLogic and Valens
The main advantage of trading using opposite QuickLogic and Valens positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if QuickLogic position performs unexpectedly, Valens 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 Valens will offset losses from the drop in Valens' long position.| QuickLogic vs. Skywater Technology | QuickLogic vs. Pixelworks | QuickLogic vs. Weebit Nano Limited | QuickLogic vs. MagnaChip Semiconductor |
| Valens vs. Navitas Semiconductor Corp | Valens vs. MagnaChip Semiconductor | Valens vs. CEVA Inc | Valens vs. MaxLinear |
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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