Correlation Between Comscore and Lendway
Can any of the company-specific risk be diversified away by investing in both Comscore and Lendway 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 Comscore and Lendway into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Comscore and Lendway, you can compare the effects of market volatilities on Comscore and Lendway 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 Comscore with a short position of Lendway. Check out your portfolio center. Please also check ongoing floating volatility patterns of Comscore and Lendway.
Diversification Opportunities for Comscore and Lendway
Very good diversification
The 3 months correlation between Comscore and Lendway is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding Comscore and Lendway in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Lendway and Comscore 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 Comscore are associated (or correlated) with Lendway. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lendway has no effect on the direction of Comscore i.e., Comscore and Lendway go up and down completely randomly.
Pair Corralation between Comscore and Lendway
Given the investment horizon of 90 days Comscore is expected to generate 1.28 times more return on investment than Lendway. However, Comscore is 1.28 times more volatile than Lendway. It trades about 0.02 of its potential returns per unit of risk. Lendway is currently generating about -0.07 per unit of risk. If you would invest 665.00 in Comscore on August 18, 2025 and sell it today you would lose (22.00) from holding Comscore or give up 3.31% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Comscore vs. Lendway
Performance |
| Timeline |
| Comscore |
| Lendway |
Comscore and Lendway Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Comscore and Lendway
The main advantage of trading using opposite Comscore and Lendway positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Comscore position performs unexpectedly, Lendway 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 Lendway will offset losses from the drop in Lendway's long position.| Comscore vs. The Beachbody Company, | Comscore vs. Courtside Group, Common | Comscore vs. Zedge Inc | Comscore vs. TuanChe ADR |
| Lendway vs. Direct Digital Holdings | Lendway vs. TNL Mediagene Ordinary | Lendway vs. ZW Data Action | Lendway vs. Ucloudlink Group |
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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