Correlation Between AtlasClear Holdings, and Moving IMage

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

By analyzing existing cross correlation between AtlasClear Holdings, and Moving iMage Technologies, you can compare the effects of market volatilities on AtlasClear Holdings, and Moving IMage 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 AtlasClear Holdings, with a short position of Moving IMage. Check out your portfolio center. Please also check ongoing floating volatility patterns of AtlasClear Holdings, and Moving IMage.

Diversification Opportunities for AtlasClear Holdings, and Moving IMage

0.0

Correlation Coefficient

AtlasClear Holdings,  Moving IMage

Pay attention - limited upside

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

Pair Corralation between AtlasClear Holdings, and Moving IMage

If you would invest  61.00  in Moving iMage Technologies on May 17, 2025 and sell it today you would earn a total of  10.00  from holding Moving iMage Technologies or generate 16.39% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.61%
Values	Daily Returns

AtlasClear Holdings,  vs.  Moving iMage Technologies

AtlasClear Holdings,

Risk-Adjusted Performance

Weakest

Over the last 90 days AtlasClear Holdings, has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong fundamental indicators, AtlasClear Holdings, is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

Moving iMage Technologies

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Moving iMage Technologies are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Moving IMage reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with AtlasClear Holdings, and Moving IMage

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

The idea behind AtlasClear Holdings, and Moving iMage Technologies 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.

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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.