Correlation Between CLST Holdings and CTS

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

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

Diversification Opportunities for CLST Holdings and CTS

0.0

Correlation Coefficient

CLST Holdings  CTS

Pay attention - limited upside

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

Pair Corralation between CLST Holdings and CTS

If you would invest  0.00  in CLST Holdings on July 8, 2025 and sell it today you would earn a total of  0.00  from holding CLST Holdings or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.56%
Values	Daily Returns

CLST Holdings  vs.  CTS Corp.

CLST Holdings

Risk-Adjusted Performance

Weakest

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

CTS Corporation

Risk-Adjusted Performance

Weakest

Over the last 90 days CTS Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Pair Trading with CLST Holdings and CTS

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

The idea behind CLST Holdings and CTS Corporation 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.