Correlation Between Automatic Bank and Pointerra

Can any of the company-specific risk be diversified away by investing in both Automatic Bank and Pointerra 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 Automatic Bank and Pointerra into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Automatic Bank Services and Pointerra Limited, you can compare the effects of market volatilities on Automatic Bank and Pointerra 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 Automatic Bank with a short position of Pointerra. Check out your portfolio center. Please also check ongoing floating volatility patterns of Automatic Bank and Pointerra.

Diversification Opportunities for Automatic Bank and Pointerra

0.0

Correlation Coefficient

Automatic Bank  Pointerra

Pay attention - limited upside

The 3 months correlation between Automatic and Pointerra is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Automatic Bank Services and Pointerra Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Pointerra Limited and Automatic Bank 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 Automatic Bank Services are associated (or correlated) with Pointerra. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Pointerra Limited has no effect on the direction of Automatic Bank i.e., Automatic Bank and Pointerra go up and down completely randomly.

Pair Corralation between Automatic Bank and Pointerra

If you would invest  568.00  in Automatic Bank Services on August 28, 2025 and sell it today you would earn a total of  22.00  from holding Automatic Bank Services or generate 3.87% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Automatic Bank Services  vs.  Pointerra Limited

Automatic Bank Services

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Automatic Bank Services are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable basic indicators, Automatic Bank is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pointerra Limited

Risk-Adjusted Performance

Weakest

Over the last 90 days Pointerra Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Pointerra is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Automatic Bank and Pointerra

The main advantage of trading using opposite Automatic Bank and Pointerra positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Automatic Bank position performs unexpectedly, Pointerra 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 Pointerra will offset losses from the drop in Pointerra's long position.

The idea behind Automatic Bank Services and Pointerra Limited pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.