Correlation Between Guardion Health and Microbot Medical

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

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

Diversification Opportunities for Guardion Health and Microbot Medical

0.0

Correlation Coefficient

Guardion Health  Microbot Medical

Pay attention - limited upside

The 3 months correlation between Guardion and Microbot is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Guardion Health Sciences and Microbot Medical in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Microbot Medical and Guardion Health 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 Guardion Health Sciences are associated (or correlated) with Microbot Medical. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Microbot Medical has no effect on the direction of Guardion Health i.e., Guardion Health and Microbot Medical go up and down completely randomly.

Pair Corralation between Guardion Health and Microbot Medical

If you would invest  254.00  in Microbot Medical on May 21, 2025 and sell it today you would earn a total of  54.00  from holding Microbot Medical or generate 21.26% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Guardion Health Sciences  vs.  Microbot Medical

Guardion Health Sciences

Risk-Adjusted Performance

Weakest

Over the last 90 days Guardion Health Sciences has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Guardion Health is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders.

Microbot Medical

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Microbot Medical are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, Microbot Medical unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Guardion Health and Microbot Medical

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

The idea behind Guardion Health Sciences and Microbot Medical 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.