Correlation Between Impact Fusion and ACCESS Newswire

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

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

Diversification Opportunities for Impact Fusion and ACCESS Newswire

0.27

Correlation Coefficient

Impact Fusion  ACCESS Newswire

Modest diversification

The 3 months correlation between Impact and ACCESS is 0.27. Overlapping area represents the amount of risk that can be diversified away by holding Impact Fusion International and ACCESS Newswire in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ACCESS Newswire and Impact Fusion 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 Impact Fusion International are associated (or correlated) with ACCESS Newswire. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ACCESS Newswire has no effect on the direction of Impact Fusion i.e., Impact Fusion and ACCESS Newswire go up and down completely randomly.

Pair Corralation between Impact Fusion and ACCESS Newswire

Given the investment horizon of 90 days Impact Fusion International is expected to generate 3.0 times more return on investment than ACCESS Newswire. However, Impact Fusion is 3.0 times more volatile than ACCESS Newswire. It trades about 0.02 of its potential returns per unit of risk. ACCESS Newswire is currently generating about -0.14 per unit of risk. If you would invest  5.25  in Impact Fusion International on August 2, 2025 and sell it today you would lose (0.30) from holding Impact Fusion International or give up 5.71% of portfolio value over 90 days.

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

Impact Fusion International  vs.  ACCESS Newswire

Impact Fusion Intern

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Impact Fusion International are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Impact Fusion may actually be approaching a critical reversion point that can send shares even higher in December 2025.

ACCESS Newswire

Risk-Adjusted Performance

Weakest

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

Pair Trading with Impact Fusion and ACCESS Newswire

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

The idea behind Impact Fusion International and ACCESS Newswire 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.