Correlation Between Centrus Energy and Adcore

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

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

Diversification Opportunities for Centrus Energy and Adcore

0.18

Correlation Coefficient

Centrus Energy  Adcore

Average diversification

The 3 months correlation between Centrus and Adcore is 0.18. Overlapping area represents the amount of risk that can be diversified away by holding Centrus Energy and Adcore Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Adcore Inc and Centrus Energy 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 Centrus Energy are associated (or correlated) with Adcore. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Adcore Inc has no effect on the direction of Centrus Energy i.e., Centrus Energy and Adcore go up and down completely randomly.

Pair Corralation between Centrus Energy and Adcore

Considering the 90-day investment horizon Centrus Energy is expected to generate 1.23 times more return on investment than Adcore. However, Centrus Energy is 1.23 times more volatile than Adcore Inc. It trades about 0.08 of its potential returns per unit of risk. Adcore Inc is currently generating about -0.11 per unit of risk. If you would invest  21,930  in Centrus Energy on September 10, 2025 and sell it today you would earn a total of  4,920  from holding Centrus Energy or generate 22.44% return on investment over 90 days.

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

Centrus Energy  vs.  Adcore Inc

Centrus Energy

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Centrus Energy are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady technical and fundamental indicators, Centrus Energy unveiled solid returns over the last few months and may actually be approaching a breakup point.

Adcore Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Adcore Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with Centrus Energy and Adcore

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

The idea behind Centrus Energy and Adcore Inc 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.