Correlation Between KetamineOne Capital and Compass Pathways

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

By analyzing existing cross correlation between KetamineOne Capital Limited and Compass Pathways Plc, you can compare the effects of market volatilities on KetamineOne Capital and Compass Pathways 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 KetamineOne Capital with a short position of Compass Pathways. Check out your portfolio center. Please also check ongoing floating volatility patterns of KetamineOne Capital and Compass Pathways.

Diversification Opportunities for KetamineOne Capital and Compass Pathways

0.0

Correlation Coefficient

KetamineOne Capital  Compass Pathways

Pay attention - limited upside

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

Pair Corralation between KetamineOne Capital and Compass Pathways

If you would invest  498.00  in Compass Pathways Plc on September 6, 2025 and sell it today you would earn a total of  11.00  from holding Compass Pathways Plc or generate 2.21% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

KetamineOne Capital Limited  vs.  Compass Pathways Plc

KetamineOne Capital

Risk-Adjusted Performance

Weakest

Over the last 90 days KetamineOne Capital Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical and fundamental indicators, KetamineOne Capital is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Compass Pathways Plc

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Compass Pathways Plc are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Compass Pathways may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with KetamineOne Capital and Compass Pathways

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

The idea behind KetamineOne Capital Limited and Compass Pathways Plc 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.