Correlation Between QuickLogic and NVIDIA

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

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

Diversification Opportunities for QuickLogic and NVIDIA

-0.14

Correlation Coefficient

QuickLogic  NVIDIA

Good diversification

The 3 months correlation between QuickLogic and NVIDIA is -0.14. Overlapping area represents the amount of risk that can be diversified away by holding QuickLogic and NVIDIA in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on NVIDIA 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 NVIDIA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NVIDIA has no effect on the direction of QuickLogic i.e., QuickLogic and NVIDIA go up and down completely randomly.

Pair Corralation between QuickLogic and NVIDIA

Given the investment horizon of 90 days QuickLogic is expected to generate 2.67 times more return on investment than NVIDIA. However, QuickLogic is 2.67 times more volatile than NVIDIA. It trades about 0.1 of its potential returns per unit of risk. NVIDIA is currently generating about 0.03 per unit of risk. If you would invest  577.00  in QuickLogic on July 10, 2025 and sell it today you would earn a total of  91.00  from holding QuickLogic or generate 15.77% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	97.62%
Values	Daily Returns

QuickLogic  vs.  NVIDIA

QuickLogic

Risk-Adjusted Performance

Weak

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.

NVIDIA

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in NVIDIA are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat uncertain fundamental indicators, NVIDIA sustained solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with QuickLogic and NVIDIA

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

The idea behind QuickLogic and NVIDIA 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.