Correlation Between Cosmos Group and Blockmate Ventures

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

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

Diversification Opportunities for Cosmos Group and Blockmate Ventures

0.29

Correlation Coefficient

Cosmos Group  Blockmate Ventures

Modest diversification

The 3 months correlation between Cosmos and Blockmate is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding Cosmos Group Holdings and Blockmate Ventures in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Blockmate Ventures and Cosmos Group 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 Cosmos Group Holdings are associated (or correlated) with Blockmate Ventures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Blockmate Ventures has no effect on the direction of Cosmos Group i.e., Cosmos Group and Blockmate Ventures go up and down completely randomly.

Pair Corralation between Cosmos Group and Blockmate Ventures

Given the investment horizon of 90 days Cosmos Group Holdings is expected to generate 31.08 times more return on investment than Blockmate Ventures. However, Cosmos Group is 31.08 times more volatile than Blockmate Ventures. It trades about 0.19 of its potential returns per unit of risk. Blockmate Ventures is currently generating about 0.02 per unit of risk. If you would invest  0.01  in Cosmos Group Holdings on May 10, 2025 and sell it today you would lose (0.01) from holding Cosmos Group Holdings or give up 100.0% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	98.39%
Values	Daily Returns

Cosmos Group Holdings  vs.  Blockmate Ventures

Cosmos Group Holdings

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Cosmos Group Holdings are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Cosmos Group reported solid returns over the last few months and may actually be approaching a breakup point.

Blockmate Ventures

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Blockmate Ventures are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical and fundamental indicators, Blockmate Ventures may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Cosmos Group and Blockmate Ventures

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

The idea behind Cosmos Group Holdings and Blockmate Ventures 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.