Correlation Between ACCESS Newswire and LiveOne

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

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

Diversification Opportunities for ACCESS Newswire and LiveOne

0.4

Correlation Coefficient

ACCESS Newswire  LiveOne

Very weak diversification

The 3 months correlation between ACCESS and LiveOne is 0.4. Overlapping area represents the amount of risk that can be diversified away by holding ACCESS Newswire and LiveOne in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LiveOne and ACCESS Newswire 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 ACCESS Newswire are associated (or correlated) with LiveOne. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveOne has no effect on the direction of ACCESS Newswire i.e., ACCESS Newswire and LiveOne go up and down completely randomly.

Pair Corralation between ACCESS Newswire and LiveOne

Given the investment horizon of 90 days ACCESS Newswire is expected to under-perform the LiveOne. But the stock apears to be less risky and, when comparing its historical volatility, ACCESS Newswire is 2.15 times less risky than LiveOne. The stock trades about -0.15 of its potential returns per unit of risk. The LiveOne is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest  605.00  in LiveOne on August 8, 2025 and sell it today you would lose (83.00) from holding LiveOne or give up 13.72% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

ACCESS Newswire  vs.  LiveOne

ACCESS Newswire

Risk-Adjusted Performance

Weakest

Over the last 90 days ACCESS Newswire has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's fundamental indicators remain comparatively stable which may send shares a bit higher in December 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

LiveOne

Risk-Adjusted Performance

Weakest

Over the last 90 days LiveOne has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, LiveOne is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with ACCESS Newswire and LiveOne

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

The idea behind ACCESS Newswire and LiveOne 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.