Correlation Between Humatech and Microbot Medical

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

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

Diversification Opportunities for Humatech and Microbot Medical

0.0

Correlation Coefficient

Humatech  Microbot Medical

Pay attention - limited upside

The 3 months correlation between Humatech and Microbot is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Humatech and Microbot Medical in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Microbot Medical and Humatech 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 Humatech 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 Humatech i.e., Humatech and Microbot Medical go up and down completely randomly.

Pair Corralation between Humatech and Microbot Medical

If you would invest  255.00  in Microbot Medical on May 17, 2025 and sell it today you would earn a total of  58.00  from holding Microbot Medical or generate 22.75% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Humatech  vs.  Microbot Medical

Humatech

Risk-Adjusted Performance

Weakest

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

Microbot Medical

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Microbot Medical are ranked lower than 5 (%) 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 Humatech and Microbot Medical

The main advantage of trading using opposite Humatech and Microbot Medical positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Humatech 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 Humatech 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.

Check out your portfolio center.

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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.