Correlation Between QuickLogic and Cemtrex

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

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

Diversification Opportunities for QuickLogic and Cemtrex

-0.09

Correlation Coefficient

QuickLogic  Cemtrex

Good diversification

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

Pair Corralation between QuickLogic and Cemtrex

Given the investment horizon of 90 days QuickLogic is expected to generate 0.51 times more return on investment than Cemtrex. However, QuickLogic is 1.97 times less risky than Cemtrex. It trades about 0.04 of its potential returns per unit of risk. Cemtrex is currently generating about -0.08 per unit of risk. If you would invest  576.00  in QuickLogic on May 16, 2025 and sell it today you would earn a total of  24.00  from holding QuickLogic or generate 4.17% return on investment over 90 days.

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

QuickLogic  vs.  Cemtrex

QuickLogic

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in QuickLogic are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite quite uncertain forward indicators, QuickLogic may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Cemtrex

Risk-Adjusted Performance

Weakest

Over the last 90 days Cemtrex has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with QuickLogic and Cemtrex

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

The idea behind QuickLogic and Cemtrex 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.