Correlation Between Cuprina Holdings and A SPAC

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

By analyzing existing cross correlation between Cuprina Holdings Limited and A SPAC III, you can compare the effects of market volatilities on Cuprina Holdings and A SPAC 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 Cuprina Holdings with a short position of A SPAC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cuprina Holdings and A SPAC.

Diversification Opportunities for Cuprina Holdings and A SPAC

-0.7

Correlation Coefficient

Cuprina Holdings  A SPAC

Excellent diversification

The 3 months correlation between Cuprina and ASPC is -0.7. Overlapping area represents the amount of risk that can be diversified away by holding Cuprina Holdings Limited and A SPAC III in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on A SPAC III and Cuprina Holdings 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 Cuprina Holdings Limited are associated (or correlated) with A SPAC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of A SPAC III has no effect on the direction of Cuprina Holdings i.e., Cuprina Holdings and A SPAC go up and down completely randomly.

Pair Corralation between Cuprina Holdings and A SPAC

Given the investment horizon of 90 days Cuprina Holdings Limited is expected to generate 196.98 times more return on investment than A SPAC. However, Cuprina Holdings is 196.98 times more volatile than A SPAC III. It trades about 0.0 of its potential returns per unit of risk. A SPAC III is currently generating about 0.1 per unit of risk. If you would invest  684.00  in Cuprina Holdings Limited on July 4, 2025 and sell it today you would lose (574.00) from holding Cuprina Holdings Limited or give up 83.92% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	98.41%
Values	Daily Returns

Cuprina Holdings Limited  vs.  A SPAC III

Cuprina Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Cuprina Holdings Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Cuprina Holdings is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors.

A SPAC III

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in A SPAC III are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, A SPAC is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Cuprina Holdings and A SPAC

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

The idea behind Cuprina Holdings Limited and A SPAC III 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.