Correlation Between In Touch and Gamehost

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

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

Diversification Opportunities for In Touch and Gamehost

-0.86

Correlation Coefficient

In Touch  Gamehost

Pay attention - limited upside

The 3 months correlation between INX and Gamehost is -0.86. Overlapping area represents the amount of risk that can be diversified away by holding In Touch Survey Systems and Gamehost in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gamehost and In Touch 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 In Touch Survey Systems are associated (or correlated) with Gamehost. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gamehost has no effect on the direction of In Touch i.e., In Touch and Gamehost go up and down completely randomly.

Pair Corralation between In Touch and Gamehost

Assuming the 90 days horizon In Touch Survey Systems is expected to under-perform the Gamehost. In addition to that, In Touch is 1.76 times more volatile than Gamehost. It trades about -0.16 of its total potential returns per unit of risk. Gamehost is currently generating about 0.26 per unit of volatility. If you would invest  987.00  in Gamehost on May 12, 2025 and sell it today you would earn a total of  188.00  from holding Gamehost or generate 19.05% return on investment over 90 days.

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

In Touch Survey Systems  vs.  Gamehost

In Touch Survey

Risk-Adjusted Performance

Weakest

Over the last 90 days In Touch Survey Systems has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in September 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors.

Gamehost

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Gamehost are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Gamehost displayed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with In Touch and Gamehost

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

The idea behind In Touch Survey Systems and Gamehost 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.