Correlation Between Nanofilm Technologies and Tecsys

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

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

Diversification Opportunities for Nanofilm Technologies and Tecsys

0.0

Correlation Coefficient

Nanofilm Technologies  Tecsys

Pay attention - limited upside

The 3 months correlation between Nanofilm and Tecsys is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Nanofilm Technologies Internat and Tecsys Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Tecsys Inc and Nanofilm Technologies 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 Nanofilm Technologies International are associated (or correlated) with Tecsys. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tecsys Inc has no effect on the direction of Nanofilm Technologies i.e., Nanofilm Technologies and Tecsys go up and down completely randomly.

Pair Corralation between Nanofilm Technologies and Tecsys

If you would invest  50.00  in Nanofilm Technologies International on October 7, 2025 and sell it today you would earn a total of  0.00  from holding Nanofilm Technologies International or generate 0.0% return on investment over 90 days.

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

Nanofilm Technologies Internat  vs.  Tecsys Inc

Nanofilm Technologies

Risk-Adjusted Performance

Weakest

Over the last 90 days Nanofilm Technologies International has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Nanofilm Technologies is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Tecsys Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Tecsys 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 February 2026. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with Nanofilm Technologies and Tecsys

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

The idea behind Nanofilm Technologies International and Tecsys 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.

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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.