Correlation Between Nuix and Global Dominion

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

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

Diversification Opportunities for Nuix and Global Dominion

0.0

Correlation Coefficient

Nuix  Global Dominion

Pay attention - limited upside

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

Pair Corralation between Nuix and Global Dominion

If you would invest  326.00  in Global Dominion Access on October 6, 2025 and sell it today you would earn a total of  0.00  from holding Global Dominion Access or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.54%
Values	Daily Returns

Nuix Limited  vs.  Global Dominion Access

Nuix Limited

Risk-Adjusted Performance

Weakest

Over the last 90 days Nuix Limited 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 essential 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.

Global Dominion Access

Risk-Adjusted Performance

Weakest

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

Pair Trading with Nuix and Global Dominion

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

The idea behind Nuix Limited and Global Dominion Access 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.