Correlation Between Communications Synergy and CurrentC Power

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

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

Diversification Opportunities for Communications Synergy and CurrentC Power

0.0

Correlation Coefficient

Communications Synergy  CurrentC Power

Pay attention - limited upside

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

Pair Corralation between Communications Synergy and CurrentC Power

If you would invest  1.20  in CurrentC Power on May 28, 2025 and sell it today you would lose (0.08) from holding CurrentC Power or give up 6.67% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	96.83%
Values	Daily Returns

Communications Synergy Technol  vs.  CurrentC Power

Communications Synergy

Risk-Adjusted Performance

Weakest

Over the last 90 days Communications Synergy Technologies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Communications Synergy is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

CurrentC Power

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in CurrentC Power are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating fundamental indicators, CurrentC Power showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Communications Synergy and CurrentC Power

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

The idea behind Communications Synergy Technologies and CurrentC Power 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.