Correlation Between BASE and Cryptoblox Technologies

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

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

Diversification Opportunities for BASE and Cryptoblox Technologies

-0.49

Correlation Coefficient

BASE  Cryptoblox Technologies

Very good diversification

The 3 months correlation between BASE and Cryptoblox is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding BASE Inc and Cryptoblox Technologies in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cryptoblox Technologies and BASE 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 BASE Inc are associated (or correlated) with Cryptoblox Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cryptoblox Technologies has no effect on the direction of BASE i.e., BASE and Cryptoblox Technologies go up and down completely randomly.

Pair Corralation between BASE and Cryptoblox Technologies

Assuming the 90 days horizon BASE Inc is expected to under-perform the Cryptoblox Technologies. But the pink sheet apears to be less risky and, when comparing its historical volatility, BASE Inc is 3.1 times less risky than Cryptoblox Technologies. The pink sheet trades about -0.08 of its potential returns per unit of risk. The Cryptoblox Technologies is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  3.30  in Cryptoblox Technologies on May 28, 2025 and sell it today you would earn a total of  0.78  from holding Cryptoblox Technologies or generate 23.64% return on investment over 90 days.

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

BASE Inc  vs.  Cryptoblox Technologies

BASE Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days BASE 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 September 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Cryptoblox Technologies

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Cryptoblox Technologies are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental drivers, Cryptoblox Technologies reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with BASE and Cryptoblox Technologies

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

The idea behind BASE Inc and Cryptoblox 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.