Correlation Between ProStar Holdings and Viewbix Common

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

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

Diversification Opportunities for ProStar Holdings and Viewbix Common

0.13

Correlation Coefficient

ProStar Holdings  Viewbix Common

Average diversification

The 3 months correlation between ProStar and Viewbix is 0.13. Overlapping area represents the amount of risk that can be diversified away by holding ProStar Holdings and Viewbix Common Stock in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Viewbix Common Stock and ProStar Holdings 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 ProStar Holdings are associated (or correlated) with Viewbix Common. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Viewbix Common Stock has no effect on the direction of ProStar Holdings i.e., ProStar Holdings and Viewbix Common go up and down completely randomly.

Pair Corralation between ProStar Holdings and Viewbix Common

Assuming the 90 days horizon ProStar Holdings is expected to generate 1.61 times more return on investment than Viewbix Common. However, ProStar Holdings is 1.61 times more volatile than Viewbix Common Stock. It trades about 0.09 of its potential returns per unit of risk. Viewbix Common Stock is currently generating about -0.12 per unit of risk. If you would invest  8.61  in ProStar Holdings on July 23, 2025 and sell it today you would earn a total of  2.39  from holding ProStar Holdings or generate 27.76% return on investment over 90 days.

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

ProStar Holdings  vs.  Viewbix Common Stock

ProStar Holdings

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in ProStar Holdings are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, ProStar Holdings reported solid returns over the last few months and may actually be approaching a breakup point.

Viewbix Common Stock

Risk-Adjusted Performance

Weakest

Over the last 90 days Viewbix Common Stock has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's forward indicators remain fairly strong which may send shares a bit higher in November 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with ProStar Holdings and Viewbix Common

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

The idea behind ProStar Holdings and Viewbix Common Stock 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.