Correlation Between Splitit Payments and Electronic Systems
Can any of the company-specific risk be diversified away by investing in both Splitit Payments and Electronic Systems 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 Splitit Payments and Electronic Systems into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Splitit Payments and Electronic Systems Technology, you can compare the effects of market volatilities on Splitit Payments and Electronic Systems 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 Splitit Payments with a short position of Electronic Systems. Check out your portfolio center. Please also check ongoing floating volatility patterns of Splitit Payments and Electronic Systems.
Diversification Opportunities for Splitit Payments and Electronic Systems
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Splitit and Electronic is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Splitit Payments and Electronic Systems Technology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Electronic Systems and Splitit Payments 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 Splitit Payments are associated (or correlated) with Electronic Systems. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Electronic Systems has no effect on the direction of Splitit Payments i.e., Splitit Payments and Electronic Systems go up and down completely randomly.
Pair Corralation between Splitit Payments and Electronic Systems
If you would invest 1.00 in Electronic Systems Technology on July 27, 2025 and sell it today you would earn a total of 1.00 from holding Electronic Systems Technology or generate 100.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 96.97% |
| Values | Daily Returns |
Splitit Payments vs. Electronic Systems Technology
Performance |
| Timeline |
| Splitit Payments |
| Electronic Systems |
Splitit Payments and Electronic Systems Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Splitit Payments and Electronic Systems
The main advantage of trading using opposite Splitit Payments and Electronic Systems positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Splitit Payments position performs unexpectedly, Electronic Systems 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 Electronic Systems will offset losses from the drop in Electronic Systems' long position.| Splitit Payments vs. Nuheara Limited | Splitit Payments vs. Exela Technologies | Splitit Payments vs. GoLogiq | Splitit Payments vs. Andiamo Corp |
| Electronic Systems vs. Cytta Corp | Electronic Systems vs. Nuheara Limited | Electronic Systems vs. Splitit Payments | Electronic Systems vs. Schmitt Industries |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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