Correlation Between CXApp and Real Messenger

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

By analyzing existing cross correlation between CXApp Inc and Real Messenger, you can compare the effects of market volatilities on CXApp and Real Messenger 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 CXApp with a short position of Real Messenger. Check out your portfolio center. Please also check ongoing floating volatility patterns of CXApp and Real Messenger.

Diversification Opportunities for CXApp and Real Messenger

0.18

Correlation Coefficient

CXApp  Real Messenger

Average diversification

The 3 months correlation between CXApp and Real is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding CXApp Inc and Real Messenger in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Real Messenger and CXApp 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 CXApp Inc are associated (or correlated) with Real Messenger. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Real Messenger has no effect on the direction of CXApp i.e., CXApp and Real Messenger go up and down completely randomly.

Pair Corralation between CXApp and Real Messenger

Given the investment horizon of 90 days CXApp Inc is expected to generate 0.53 times more return on investment than Real Messenger. However, CXApp Inc is 1.9 times less risky than Real Messenger. It trades about -0.1 of its potential returns per unit of risk. Real Messenger is currently generating about -0.09 per unit of risk. If you would invest  78.00  in CXApp Inc on August 19, 2025 and sell it today you would lose (25.00) from holding CXApp Inc or give up 32.05% of portfolio value over 90 days.

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

CXApp Inc  vs.  Real Messenger

CXApp Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days CXApp Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in December 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Real Messenger

Risk-Adjusted Performance

Weakest

Over the last 90 days Real Messenger has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with CXApp and Real Messenger

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

The idea behind CXApp Inc and Real Messenger 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.