Correlation Between Laser Photonics and Comscore

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

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

Diversification Opportunities for Laser Photonics and Comscore

0.31

Correlation Coefficient

Laser Photonics  Comscore

Weak diversification

The 3 months correlation between Laser and Comscore is 0.31. Overlapping area represents the amount of risk that can be diversified away by holding Laser Photonics and Comscore in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Comscore and Laser Photonics 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 Laser Photonics are associated (or correlated) with Comscore. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Comscore has no effect on the direction of Laser Photonics i.e., Laser Photonics and Comscore go up and down completely randomly.

Pair Corralation between Laser Photonics and Comscore

Given the investment horizon of 90 days Laser Photonics is expected to under-perform the Comscore. In addition to that, Laser Photonics is 1.86 times more volatile than Comscore. It trades about 0.0 of its total potential returns per unit of risk. Comscore is currently generating about 0.02 per unit of volatility. If you would invest  650.00  in Comscore on August 22, 2025 and sell it today you would lose (21.00) from holding Comscore or give up 3.23% of portfolio value over 90 days.

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

Laser Photonics  vs.  Comscore

Laser Photonics

Risk-Adjusted Performance

Weakest

Over the last 90 days Laser Photonics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Laser Photonics is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders.

Comscore

Risk-Adjusted Performance

Weak

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

Pair Trading with Laser Photonics and Comscore

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

The idea behind Laser Photonics and Comscore 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.