Correlation Between GlucoTrack and Cytosorbents Crp

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

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

Diversification Opportunities for GlucoTrack and Cytosorbents Crp

-0.57

Correlation Coefficient

GlucoTrack  Cytosorbents Crp

Excellent diversification

The 3 months correlation between GlucoTrack and Cytosorbents is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding GlucoTrack and Cytosorbents Crp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cytosorbents Crp and GlucoTrack 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 GlucoTrack are associated (or correlated) with Cytosorbents Crp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cytosorbents Crp has no effect on the direction of GlucoTrack i.e., GlucoTrack and Cytosorbents Crp go up and down completely randomly.

Pair Corralation between GlucoTrack and Cytosorbents Crp

Given the investment horizon of 90 days GlucoTrack is expected to under-perform the Cytosorbents Crp. In addition to that, GlucoTrack is 1.99 times more volatile than Cytosorbents Crp. It trades about -0.04 of its total potential returns per unit of risk. Cytosorbents Crp is currently generating about 0.01 per unit of volatility. If you would invest  91.00  in Cytosorbents Crp on May 4, 2025 and sell it today you would lose (4.00) from holding Cytosorbents Crp or give up 4.4% of portfolio value over 90 days.

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

GlucoTrack  vs.  Cytosorbents Crp

GlucoTrack

Risk-Adjusted Performance

Very Weak

Over the last 90 days GlucoTrack 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 quite persistent which may send shares a bit higher in September 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Cytosorbents Crp

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Cytosorbents Crp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Cytosorbents Crp is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors.

Pair Trading with GlucoTrack and Cytosorbents Crp

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

The idea behind GlucoTrack and Cytosorbents Crp 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.