Correlation Between Crown Electrokinetics and EUDA Health

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

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

Diversification Opportunities for Crown Electrokinetics and EUDA Health

0.0

Correlation Coefficient

Crown Electrokinetics  EUDA Health

Pay attention - limited upside

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

Pair Corralation between Crown Electrokinetics and EUDA Health

If you would invest  311.00  in Crown Electrokinetics Corp on May 4, 2025 and sell it today you would earn a total of  0.00  from holding Crown Electrokinetics Corp or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.59%
Values	Daily Returns

Crown Electrokinetics Corp  vs.  EUDA Health Holdings

Crown Electrokinetics

Risk-Adjusted Performance

Very Weak

Over the last 90 days Crown Electrokinetics Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy forward-looking signals, Crown Electrokinetics is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

EUDA Health Holdings

Risk-Adjusted Performance

Very Weak

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

Pair Trading with Crown Electrokinetics and EUDA Health

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

The idea behind Crown Electrokinetics Corp and EUDA Health Holdings 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.