Correlation Between MicroStrategy Incorporated and BeLive Holdings

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

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

Diversification Opportunities for MicroStrategy Incorporated and BeLive Holdings

-0.39

Correlation Coefficient

MicroStrategy Incorporated  BeLive Holdings

Very good diversification

The 3 months correlation between MicroStrategy and BeLive is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding MicroStrategy Incorporated and BeLive Holdings Ordinary in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BeLive Holdings Ordinary and MicroStrategy Incorporated 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 MicroStrategy Incorporated are associated (or correlated) with BeLive Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BeLive Holdings Ordinary has no effect on the direction of MicroStrategy Incorporated i.e., MicroStrategy Incorporated and BeLive Holdings go up and down completely randomly.

Pair Corralation between MicroStrategy Incorporated and BeLive Holdings

Given the investment horizon of 90 days MicroStrategy Incorporated is expected to under-perform the BeLive Holdings. But the stock apears to be less risky and, when comparing its historical volatility, MicroStrategy Incorporated is 1.03 times less risky than BeLive Holdings. The stock trades about -0.19 of its potential returns per unit of risk. The BeLive Holdings Ordinary is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest  268.00  in BeLive Holdings Ordinary on August 14, 2025 and sell it today you would earn a total of  92.00  from holding BeLive Holdings Ordinary or generate 34.33% return on investment over 90 days.

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

MicroStrategy Incorporated  vs.  BeLive Holdings Ordinary

MicroStrategy Incorporated

Risk-Adjusted Performance

Weakest

Over the last 90 days MicroStrategy Incorporated has generated negative risk-adjusted returns adding no value to investors with long positions. Even with conflicting performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in December 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

BeLive Holdings Ordinary

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in BeLive Holdings Ordinary are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating forward indicators, BeLive Holdings showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with MicroStrategy Incorporated and BeLive Holdings

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

The idea behind MicroStrategy Incorporated and BeLive Holdings Ordinary 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.