Correlation Between Celsius Holdings and NETCLASS TECHNOLOGY

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

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

Diversification Opportunities for Celsius Holdings and NETCLASS TECHNOLOGY

-0.41

Correlation Coefficient

Celsius Holdings  NETCLASS TECHNOLOGY

Very good diversification

The 3 months correlation between Celsius and NETCLASS is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding Celsius Holdings and NETCLASS TECHNOLOGY INC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on NETCLASS TECHNOLOGY INC and Celsius 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 Celsius Holdings are associated (or correlated) with NETCLASS TECHNOLOGY. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NETCLASS TECHNOLOGY INC has no effect on the direction of Celsius Holdings i.e., Celsius Holdings and NETCLASS TECHNOLOGY go up and down completely randomly.

Pair Corralation between Celsius Holdings and NETCLASS TECHNOLOGY

Given the investment horizon of 90 days Celsius Holdings is expected to generate 0.37 times more return on investment than NETCLASS TECHNOLOGY. However, Celsius Holdings is 2.74 times less risky than NETCLASS TECHNOLOGY. It trades about 0.29 of its potential returns per unit of risk. NETCLASS TECHNOLOGY INC is currently generating about -0.16 per unit of risk. If you would invest  3,565  in Celsius Holdings on May 22, 2025 and sell it today you would earn a total of  2,482  from holding Celsius Holdings or generate 69.62% return on investment over 90 days.

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

Celsius Holdings  vs.  NETCLASS TECHNOLOGY INC

Celsius Holdings

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Celsius Holdings are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating essential indicators, Celsius Holdings demonstrated solid returns over the last few months and may actually be approaching a breakup point.

NETCLASS TECHNOLOGY INC

Risk-Adjusted Performance

Weakest

Over the last 90 days NETCLASS TECHNOLOGY INC has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Stock's fundamental indicators remain quite persistent which may send shares a bit higher in September 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Pair Trading with Celsius Holdings and NETCLASS TECHNOLOGY

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

The idea behind Celsius Holdings and NETCLASS TECHNOLOGY INC 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.