Correlation Between Fiverr International and HubSpot

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

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

Diversification Opportunities for Fiverr International and HubSpot

0.72

Correlation Coefficient

Fiverr International  HubSpot

Poor diversification

The 3 months correlation between Fiverr and HubSpot is 0.72. Overlapping area represents the amount of risk that can be diversified away by holding Fiverr International and HubSpot in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on HubSpot and Fiverr International 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 Fiverr International are associated (or correlated) with HubSpot. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HubSpot has no effect on the direction of Fiverr International i.e., Fiverr International and HubSpot go up and down completely randomly.

Pair Corralation between Fiverr International and HubSpot

Given the investment horizon of 90 days Fiverr International is expected to generate 1.04 times more return on investment than HubSpot. However, Fiverr International is 1.04 times more volatile than HubSpot. It trades about -0.07 of its potential returns per unit of risk. HubSpot is currently generating about -0.11 per unit of risk. If you would invest  2,665  in Fiverr International on July 23, 2025 and sell it today you would lose (390.00) from holding Fiverr International or give up 14.63% of portfolio value over 90 days.

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

Fiverr International  vs.  HubSpot

Fiverr International

Risk-Adjusted Performance

Weakest

Over the last 90 days Fiverr International has generated negative risk-adjusted returns adding no value to investors with long positions. Even with conflicting performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in November 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

HubSpot

Risk-Adjusted Performance

Weakest

Over the last 90 days HubSpot has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's fundamental drivers remain comparatively stable which may send shares a bit higher in November 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with Fiverr International and HubSpot

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

The idea behind Fiverr International and HubSpot 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.