Correlation Between SMX Public and LogicMark
Can any of the company-specific risk be diversified away by investing in both SMX Public and LogicMark 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 SMX Public and LogicMark into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SMX Public Limited and LogicMark, you can compare the effects of market volatilities on SMX Public and LogicMark 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 SMX Public with a short position of LogicMark. Check out your portfolio center. Please also check ongoing floating volatility patterns of SMX Public and LogicMark.
Diversification Opportunities for SMX Public and LogicMark
0.44 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between SMX and LogicMark is 0.44. Overlapping area represents the amount of risk that can be diversified away by holding SMX Public Limited and LogicMark in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LogicMark and SMX Public 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 SMX Public Limited are associated (or correlated) with LogicMark. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LogicMark has no effect on the direction of SMX Public i.e., SMX Public and LogicMark go up and down completely randomly.
Pair Corralation between SMX Public and LogicMark
Considering the 90-day investment horizon SMX Public Limited is expected to under-perform the LogicMark. In addition to that, SMX Public is 1.75 times more volatile than LogicMark. It trades about -0.29 of its total potential returns per unit of risk. LogicMark is currently generating about 0.04 per unit of volatility. If you would invest 0.33 in LogicMark on July 27, 2025 and sell it today you would earn a total of 0.00 from holding LogicMark or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
SMX Public Limited vs. LogicMark
Performance |
| Timeline |
| SMX Public Limited |
| LogicMark |
SMX Public and LogicMark Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SMX Public and LogicMark
The main advantage of trading using opposite SMX Public and LogicMark positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SMX Public position performs unexpectedly, LogicMark 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 LogicMark will offset losses from the drop in LogicMark's long position.| SMX Public vs. Zoomcar Holdings | SMX Public vs. EPWK Holdings Ltd | SMX Public vs. LogicMark | SMX Public vs. C3is Inc |
| LogicMark vs. SMX Public Limited | LogicMark vs. Zoomcar Holdings | LogicMark vs. C3is Inc | LogicMark vs. EPWK Holdings Ltd |
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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