Correlation Between Pop Culture and ISpecimen

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

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

Diversification Opportunities for Pop Culture and ISpecimen

0.0

Correlation Coefficient

Pop Culture  ISpecimen

Pay attention - limited upside

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

Pair Corralation between Pop Culture and ISpecimen

Given the investment horizon of 90 days Pop Culture Group is expected to generate 3.48 times more return on investment than ISpecimen. However, Pop Culture is 3.48 times more volatile than iSpecimen. It trades about 0.15 of its potential returns per unit of risk. iSpecimen is currently generating about 0.03 per unit of risk. If you would invest  55.00  in Pop Culture Group on May 3, 2025 and sell it today you would earn a total of  106.00  from holding Pop Culture Group or generate 192.73% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Pop Culture Group  vs.  iSpecimen

Pop Culture Group

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Pop Culture Group are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent basic indicators, Pop Culture reported solid returns over the last few months and may actually be approaching a breakup point.

iSpecimen

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in iSpecimen are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak basic indicators, ISpecimen may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Pop Culture and ISpecimen

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

The idea behind Pop Culture Group and iSpecimen 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 CEOs Directory module to screen CEOs from public companies around the world.