Correlation Between MoneyLion and NCR Atleos

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

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

Diversification Opportunities for MoneyLion and NCR Atleos

0.32

Correlation Coefficient

MoneyLion  NCR Atleos

Weak diversification

The 3 months correlation between MoneyLion and NCR is 0.32. Overlapping area represents the amount of risk that can be diversified away by holding MoneyLion and NCR Atleos in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on NCR Atleos and MoneyLion 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 MoneyLion are associated (or correlated) with NCR Atleos. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NCR Atleos has no effect on the direction of MoneyLion i.e., MoneyLion and NCR Atleos go up and down completely randomly.

Pair Corralation between MoneyLion and NCR Atleos

If you would invest  8,590  in MoneyLion on March 8, 2025 and sell it today you would earn a total of  0.00  from holding MoneyLion or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	4.76%
Values	Daily Returns

MoneyLion  vs.  NCR Atleos

MoneyLion

Risk-Adjusted Performance

Very Weak

Over the last 90 days MoneyLion has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent essential indicators, MoneyLion is not utilizing all of its potentials. The recent stock price mess, may contribute to short-term losses for the institutional investors.

NCR Atleos

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in NCR Atleos are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite quite conflicting basic indicators, NCR Atleos may actually be approaching a critical reversion point that can send shares even higher in July 2025.

Pair Trading with MoneyLion and NCR Atleos

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

The idea behind MoneyLion and NCR Atleos 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.