Correlation Between Intelligent Living and Vivos Therapeutics

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

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

Diversification Opportunities for Intelligent Living and Vivos Therapeutics

0.43

Correlation Coefficient

Intelligent Living  Vivos Therapeutics

Very weak diversification

The 3 months correlation between Intelligent and Vivos is 0.43. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Living Application and Vivos Therapeutics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vivos Therapeutics and Intelligent Living 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 Intelligent Living Application are associated (or correlated) with Vivos Therapeutics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vivos Therapeutics has no effect on the direction of Intelligent Living i.e., Intelligent Living and Vivos Therapeutics go up and down completely randomly.

Pair Corralation between Intelligent Living and Vivos Therapeutics

Given the investment horizon of 90 days Intelligent Living is expected to generate 1.71 times less return on investment than Vivos Therapeutics. In addition to that, Intelligent Living is 1.09 times more volatile than Vivos Therapeutics. It trades about 0.08 of its total potential returns per unit of risk. Vivos Therapeutics is currently generating about 0.15 per unit of volatility. If you would invest  273.00  in Vivos Therapeutics on May 1, 2025 and sell it today you would earn a total of  173.00  from holding Vivos Therapeutics or generate 63.37% return on investment over 90 days.

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

Intelligent Living Application  vs.  Vivos Therapeutics

Intelligent Living

Risk-Adjusted Performance

Modest

Compared to the overall equity markets, risk-adjusted returns on investments in Intelligent Living Application are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite nearly conflicting basic indicators, Intelligent Living reported solid returns over the last few months and may actually be approaching a breakup point.

Vivos Therapeutics

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Vivos Therapeutics are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, Vivos Therapeutics unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Intelligent Living and Vivos Therapeutics

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

The idea behind Intelligent Living Application and Vivos Therapeutics 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.