Correlation Between Performance Shipping and Guardforce

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

By analyzing existing cross correlation between Performance Shipping and Guardforce AI Co, you can compare the effects of market volatilities on Performance Shipping and Guardforce 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 Performance Shipping with a short position of Guardforce. Check out your portfolio center. Please also check ongoing floating volatility patterns of Performance Shipping and Guardforce.

Diversification Opportunities for Performance Shipping and Guardforce

-0.65

Correlation Coefficient

Performance Shipping  Guardforce

Excellent diversification

The 3 months correlation between Performance and Guardforce is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding Performance Shipping and Guardforce AI Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Guardforce AI and Performance Shipping 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 Performance Shipping are associated (or correlated) with Guardforce. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Guardforce AI has no effect on the direction of Performance Shipping i.e., Performance Shipping and Guardforce go up and down completely randomly.

Pair Corralation between Performance Shipping and Guardforce

Given the investment horizon of 90 days Performance Shipping is expected to generate 0.81 times more return on investment than Guardforce. However, Performance Shipping is 1.24 times less risky than Guardforce. It trades about 0.08 of its potential returns per unit of risk. Guardforce AI Co is currently generating about -0.09 per unit of risk. If you would invest  180.00  in Performance Shipping on August 11, 2025 and sell it today you would earn a total of  27.00  from holding Performance Shipping or generate 15.0% return on investment over 90 days.

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

Performance Shipping  vs.  Guardforce AI Co

Performance Shipping

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Performance Shipping are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain technical indicators, Performance Shipping reported solid returns over the last few months and may actually be approaching a breakup point.

Guardforce AI

Risk-Adjusted Performance

Weakest

Over the last 90 days Guardforce AI Co has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in December 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Pair Trading with Performance Shipping and Guardforce

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

The idea behind Performance Shipping and Guardforce AI Co 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..