Correlation Between Comcast Corp and BlueRush

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

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

Diversification Opportunities for Comcast Corp and BlueRush

0.0

Correlation Coefficient

Comcast Corp  BlueRush

Pay attention - limited upside

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

Pair Corralation between Comcast Corp and BlueRush

If you would invest  0.08  in BlueRush on September 12, 2025 and sell it today you would earn a total of  0.00  from holding BlueRush or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.44%
Values	Daily Returns

Comcast Corp  vs.  BlueRush

Comcast Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Comcast Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

BlueRush

Risk-Adjusted Performance

Weakest

Over the last 90 days BlueRush has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, BlueRush is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Comcast Corp and BlueRush

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

The idea behind Comcast Corp and BlueRush 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.

Check out your portfolio center.

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 Dashboard module to portfolio dashboard that provides centralized access to all your investments.