Correlation Between Click Holdings and Iveda Solutions

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

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

Diversification Opportunities for Click Holdings and Iveda Solutions

0.68

Correlation Coefficient

Click Holdings  Iveda Solutions

Poor diversification

The 3 months correlation between Click and Iveda is 0.68. Overlapping area represents the amount of risk that can be diversified away by holding Click Holdings Limited and Iveda Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Iveda Solutions and Click 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 Click Holdings Limited are associated (or correlated) with Iveda Solutions. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Iveda Solutions has no effect on the direction of Click Holdings i.e., Click Holdings and Iveda Solutions go up and down completely randomly.

Pair Corralation between Click Holdings and Iveda Solutions

Given the investment horizon of 90 days Click Holdings Limited is expected to under-perform the Iveda Solutions. In addition to that, Click Holdings is 1.17 times more volatile than Iveda Solutions. It trades about -0.02 of its total potential returns per unit of risk. Iveda Solutions is currently generating about 0.0 per unit of volatility. If you would invest  134.00  in Iveda Solutions on August 29, 2025 and sell it today you would lose (29.00) from holding Iveda Solutions or give up 21.64% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Click Holdings Limited  vs.  Iveda Solutions

Click Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Click Holdings Limited 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 forward indicators remain quite persistent which may send shares a bit higher in December 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Iveda Solutions

Risk-Adjusted Performance

Weakest

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

Pair Trading with Click Holdings and Iveda Solutions

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

The idea behind Click Holdings Limited and Iveda Solutions 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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.