Correlation Between Core One and EUDA Health

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

By analyzing existing cross correlation between Core One Labs and EUDA Health Holdings, you can compare the effects of market volatilities on Core One and EUDA Health 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 Core One with a short position of EUDA Health. Check out your portfolio center. Please also check ongoing floating volatility patterns of Core One and EUDA Health.

Diversification Opportunities for Core One and EUDA Health

0.4

Correlation Coefficient

Core One  EUDA Health

Very weak diversification

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

Pair Corralation between Core One and EUDA Health

Assuming the 90 days horizon Core One Labs is expected to generate 42.2 times more return on investment than EUDA Health. However, Core One is 42.2 times more volatile than EUDA Health Holdings. It trades about 0.23 of its potential returns per unit of risk. EUDA Health Holdings is currently generating about -0.18 per unit of risk. If you would invest  3.51  in Core One Labs on May 14, 2025 and sell it today you would lose (1.29) from holding Core One Labs or give up 36.75% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	98.41%
Values	Daily Returns

Core One Labs  vs.  EUDA Health Holdings

Core One Labs

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Core One Labs are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady fundamental drivers, Core One reported solid returns over the last few months and may actually be approaching a breakup point.

EUDA Health Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days EUDA Health Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's fundamental indicators remain somewhat strong which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Core One and EUDA Health

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

The idea behind Core One Labs and EUDA Health Holdings 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.