Correlation Between LogicMark and Astrotech Corp

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

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

Diversification Opportunities for LogicMark and Astrotech Corp

-0.26

Correlation Coefficient

LogicMark  Astrotech Corp

Very good diversification

The 3 months correlation between LogicMark and Astrotech is -0.26. Overlapping area represents the amount of risk that can be diversified away by holding LogicMark and Astrotech Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Astrotech Corp and LogicMark 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 LogicMark are associated (or correlated) with Astrotech Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Astrotech Corp has no effect on the direction of LogicMark i.e., LogicMark and Astrotech Corp go up and down completely randomly.

Pair Corralation between LogicMark and Astrotech Corp

Given the investment horizon of 90 days LogicMark is expected to generate 26.84 times more return on investment than Astrotech Corp. However, LogicMark is 26.84 times more volatile than Astrotech Corp. It trades about 0.11 of its potential returns per unit of risk. Astrotech Corp is currently generating about -0.08 per unit of risk. If you would invest  0.52  in LogicMark on August 3, 2025 and sell it today you would lose (0.19) from holding LogicMark or give up 36.54% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	95.31%
Values	Daily Returns

LogicMark  vs.  Astrotech Corp

LogicMark

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in LogicMark are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite quite weak primary indicators, LogicMark disclosed solid returns over the last few months and may actually be approaching a breakup point.

Astrotech Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Astrotech Corp 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 rather sound which may send shares a bit higher in December 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Pair Trading with LogicMark and Astrotech Corp

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

The idea behind LogicMark and Astrotech Corp 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.