Correlation Between Future Fintech and OneSpan

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

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

Diversification Opportunities for Future Fintech and OneSpan

0.4

Correlation Coefficient

Future Fintech  OneSpan

Very weak diversification

The 3 months correlation between Future and OneSpan is 0.4. Overlapping area represents the amount of risk that can be diversified away by holding Future Fintech Group and OneSpan in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on OneSpan and Future Fintech 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 Future Fintech Group are associated (or correlated) with OneSpan. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OneSpan has no effect on the direction of Future Fintech i.e., Future Fintech and OneSpan go up and down completely randomly.

Pair Corralation between Future Fintech and OneSpan

Given the investment horizon of 90 days Future Fintech Group is expected to under-perform the OneSpan. In addition to that, Future Fintech is 3.04 times more volatile than OneSpan. It trades about -0.01 of its total potential returns per unit of risk. OneSpan is currently generating about 0.06 per unit of volatility. If you would invest  1,499  in OneSpan on July 28, 2025 and sell it today you would earn a total of  101.00  from holding OneSpan or generate 6.74% return on investment over 90 days.

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

Future Fintech Group  vs.  OneSpan

Future Fintech Group

Risk-Adjusted Performance

Weakest

Over the last 90 days Future Fintech Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable technical and fundamental indicators, Future Fintech is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

OneSpan

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in OneSpan are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain basic indicators, OneSpan may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Pair Trading with Future Fintech and OneSpan

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

The idea behind Future Fintech Group and OneSpan 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.