Correlation Between NETCLASS TECHNOLOGY and SAGTEC GLOBAL

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

By analyzing existing cross correlation between NETCLASS TECHNOLOGY INC and SAGTEC GLOBAL LIMITED, you can compare the effects of market volatilities on NETCLASS TECHNOLOGY and SAGTEC GLOBAL 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 NETCLASS TECHNOLOGY with a short position of SAGTEC GLOBAL. Check out your portfolio center. Please also check ongoing floating volatility patterns of NETCLASS TECHNOLOGY and SAGTEC GLOBAL.

Diversification Opportunities for NETCLASS TECHNOLOGY and SAGTEC GLOBAL

-0.04

Correlation Coefficient

NETCLASS TECHNOLOGY  SAGTEC GLOBAL

Good diversification

The 3 months correlation between NETCLASS and SAGTEC is -0.04. Overlapping area represents the amount of risk that can be diversified away by holding NETCLASS TECHNOLOGY INC and SAGTEC GLOBAL LIMITED in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SAGTEC GLOBAL LIMITED and NETCLASS TECHNOLOGY 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 NETCLASS TECHNOLOGY INC are associated (or correlated) with SAGTEC GLOBAL. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SAGTEC GLOBAL LIMITED has no effect on the direction of NETCLASS TECHNOLOGY i.e., NETCLASS TECHNOLOGY and SAGTEC GLOBAL go up and down completely randomly.

Pair Corralation between NETCLASS TECHNOLOGY and SAGTEC GLOBAL

Given the investment horizon of 90 days NETCLASS TECHNOLOGY INC is expected to under-perform the SAGTEC GLOBAL. In addition to that, NETCLASS TECHNOLOGY is 2.01 times more volatile than SAGTEC GLOBAL LIMITED. It trades about -0.1 of its total potential returns per unit of risk. SAGTEC GLOBAL LIMITED is currently generating about 0.02 per unit of volatility. If you would invest  200.00  in SAGTEC GLOBAL LIMITED on October 7, 2025 and sell it today you would lose (6.00) from holding SAGTEC GLOBAL LIMITED or give up 3.0% of portfolio value over 90 days.

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

NETCLASS TECHNOLOGY INC  vs.  SAGTEC GLOBAL LIMITED

NETCLASS TECHNOLOGY INC

Risk-Adjusted Performance

Weakest

Over the last 90 days NETCLASS TECHNOLOGY 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 fundamental indicators remain quite persistent which may send shares a bit higher in February 2026. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

SAGTEC GLOBAL LIMITED

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in SAGTEC GLOBAL LIMITED are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable technical and fundamental indicators, SAGTEC GLOBAL is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with NETCLASS TECHNOLOGY and SAGTEC GLOBAL

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

The idea behind NETCLASS TECHNOLOGY INC and SAGTEC GLOBAL LIMITED 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.