Correlation Between Shutterstock and Strive Asset
Can any of the company-specific risk be diversified away by investing in both Shutterstock and Strive Asset 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 Shutterstock and Strive Asset into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Shutterstock and Strive Asset Management, you can compare the effects of market volatilities on Shutterstock and Strive Asset 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 Shutterstock with a short position of Strive Asset. Check out your portfolio center. Please also check ongoing floating volatility patterns of Shutterstock and Strive Asset.
Diversification Opportunities for Shutterstock and Strive Asset
0.21 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Shutterstock and Strive is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding Shutterstock and Strive Asset Management in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Strive Asset Management and Shutterstock 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 Shutterstock are associated (or correlated) with Strive Asset. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Strive Asset Management has no effect on the direction of Shutterstock i.e., Shutterstock and Strive Asset go up and down completely randomly.
Pair Corralation between Shutterstock and Strive Asset
Given the investment horizon of 90 days Shutterstock is expected to generate 0.32 times more return on investment than Strive Asset. However, Shutterstock is 3.15 times less risky than Strive Asset. It trades about -0.04 of its potential returns per unit of risk. Strive Asset Management is currently generating about -0.05 per unit of risk. If you would invest 2,179 in Shutterstock on October 8, 2025 and sell it today you would lose (249.00) from holding Shutterstock or give up 11.43% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Shutterstock vs. Strive Asset Management
Performance |
| Timeline |
| Shutterstock |
| Strive Asset Management |
Shutterstock and Strive Asset Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Shutterstock and Strive Asset
The main advantage of trading using opposite Shutterstock and Strive Asset positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Shutterstock position performs unexpectedly, Strive Asset 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 Strive Asset will offset losses from the drop in Strive Asset's long position.| Shutterstock vs. EverQuote Class A | Shutterstock vs. Autohome | Shutterstock vs. Getty Images Holdings | Shutterstock vs. Fiverr International |
| Strive Asset vs. Getty Images Holdings | Strive Asset vs. SimilarWeb | Strive Asset vs. Shutterstock | Strive Asset vs. NXDR |
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 AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.
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