Correlation Between Celerity Solutions and Code Rebel

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

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

Diversification Opportunities for Celerity Solutions and Code Rebel

1.0

Correlation Coefficient

Celerity Solutions  Code Rebel

No risk reduction

The 3 months correlation between Celerity and Code is 1.0. Overlapping area represents the amount of risk that can be diversified away by holding Celerity Solutions and Code Rebel Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Code Rebel Corp and Celerity Solutions 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 Celerity Solutions are associated (or correlated) with Code Rebel. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Code Rebel Corp has no effect on the direction of Celerity Solutions i.e., Celerity Solutions and Code Rebel go up and down completely randomly.

Pair Corralation between Celerity Solutions and Code Rebel

If you would invest  0.01  in Code Rebel Corp on October 10, 2025 and sell it today you would earn a total of  0.00  from holding Code Rebel Corp or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Strong
Accuracy	96.83%
Values	Daily Returns

Celerity Solutions  vs.  Code Rebel Corp

Celerity Solutions

Risk-Adjusted Performance

Weakest

Over the last 90 days Celerity Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Celerity Solutions is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Code Rebel Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Code Rebel Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable fundamental drivers, Code Rebel is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors.

Pair Trading with Celerity Solutions and Code Rebel

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

The idea behind Celerity Solutions and Code Rebel Corp 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.