Correlation Between Fastly and Curiositystream

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

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

Diversification Opportunities for Fastly and Curiositystream

0.39

Correlation Coefficient

Fastly  Curiositystream

Weak diversification

The 3 months correlation between Fastly and Curiositystream is 0.39. Overlapping area represents the amount of risk that can be diversified away by holding Fastly Inc and Curiositystream in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Curiositystream and Fastly 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 Fastly Inc are associated (or correlated) with Curiositystream. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Curiositystream has no effect on the direction of Fastly i.e., Fastly and Curiositystream go up and down completely randomly.

Pair Corralation between Fastly and Curiositystream

Given the investment horizon of 90 days Fastly Inc is expected to generate 0.82 times more return on investment than Curiositystream. However, Fastly Inc is 1.22 times less risky than Curiositystream. It trades about 0.01 of its potential returns per unit of risk. Curiositystream is currently generating about -0.11 per unit of risk. If you would invest  731.00  in Fastly Inc on May 28, 2025 and sell it today you would lose (6.00) from holding Fastly Inc or give up 0.82% of portfolio value over 90 days.

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

Fastly Inc  vs.  Curiositystream

Fastly Inc

Risk-Adjusted Performance

Weakest

Compared to the overall equity markets, risk-adjusted returns on investments in Fastly Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong essential indicators, Fastly is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors.

Curiositystream

Risk-Adjusted Performance

Weakest

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

Pair Trading with Fastly and Curiositystream

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

The idea behind Fastly Inc and Curiositystream 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.