Correlation Between Adcore and Hello Pal

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

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

Diversification Opportunities for Adcore and Hello Pal

-0.07

Correlation Coefficient

Adcore  Hello Pal

Good diversification

The 3 months correlation between Adcore and Hello is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding Adcore Inc and Hello Pal International in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hello Pal International and Adcore 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 Adcore Inc are associated (or correlated) with Hello Pal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hello Pal International has no effect on the direction of Adcore i.e., Adcore and Hello Pal go up and down completely randomly.

Pair Corralation between Adcore and Hello Pal

Assuming the 90 days horizon Adcore Inc is expected to under-perform the Hello Pal. But the otc stock apears to be less risky and, when comparing its historical volatility, Adcore Inc is 41.7 times less risky than Hello Pal. The otc stock trades about -0.09 of its potential returns per unit of risk. The Hello Pal International is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest  0.20  in Hello Pal International on August 24, 2025 and sell it today you would earn a total of  0.00  from holding Hello Pal International or generate 0.0% return on investment over 90 days.

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

Adcore Inc  vs.  Hello Pal International

Adcore Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Adcore Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Hello Pal International

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Hello Pal International are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite nearly inconsistent basic indicators, Hello Pal reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Adcore and Hello Pal

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

The idea behind Adcore Inc and Hello Pal International 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.