Correlation Between QuickLogic and Elbit Imaging

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

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

Diversification Opportunities for QuickLogic and Elbit Imaging

0.0

Correlation Coefficient

QuickLogic  Elbit Imaging

Pay attention - limited upside

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

Pair Corralation between QuickLogic and Elbit Imaging

If you would invest  600.00  in QuickLogic on May 15, 2025 and sell it today you would earn a total of  0.00  from holding QuickLogic or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

QuickLogic  vs.  Elbit Imaging

QuickLogic

Risk-Adjusted Performance

Weakest

Compared to the overall equity markets, risk-adjusted returns on investments in QuickLogic are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent forward indicators, QuickLogic is not utilizing all of its potentials. The newest stock price mess, may contribute to short-term losses for the institutional investors.

Elbit Imaging

Risk-Adjusted Performance

Weakest

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

Pair Trading with QuickLogic and Elbit Imaging

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

The idea behind QuickLogic and Elbit Imaging 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.