Correlation Between Payoneer Global and Hub Cyber

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

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

Diversification Opportunities for Payoneer Global and Hub Cyber

-0.09

Correlation Coefficient

Payoneer Global  Hub Cyber

Good diversification

The 3 months correlation between Payoneer and Hub is -0.09. Overlapping area represents the amount of risk that can be diversified away by holding Payoneer Global and Hub Cyber Security in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Hub Cyber Security and Payoneer Global 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 Payoneer Global are associated (or correlated) with Hub Cyber. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Hub Cyber Security has no effect on the direction of Payoneer Global i.e., Payoneer Global and Hub Cyber go up and down completely randomly.

Pair Corralation between Payoneer Global and Hub Cyber

Given the investment horizon of 90 days Payoneer Global is expected to generate 1.95 times less return on investment than Hub Cyber. But when comparing it to its historical volatility, Payoneer Global is 3.26 times less risky than Hub Cyber. It trades about 0.03 of its potential returns per unit of risk. Hub Cyber Security is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  269.00  in Hub Cyber Security on May 7, 2025 and sell it today you would lose (30.00) from holding Hub Cyber Security or give up 11.15% of portfolio value over 90 days.

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

Payoneer Global  vs.  Hub Cyber Security

Payoneer Global

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Payoneer Global are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Payoneer Global is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

Hub Cyber Security

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Hub Cyber Security are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak fundamental drivers, Hub Cyber may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Payoneer Global and Hub Cyber

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

The idea behind Payoneer Global and Hub Cyber Security 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.