Correlation Between Reading International and Comscore

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

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

Diversification Opportunities for Reading International and Comscore

0.2

Correlation Coefficient

Reading International  Comscore

Modest diversification

The 3 months correlation between Reading and Comscore is 0.2. Overlapping area represents the amount of risk that can be diversified away by holding Reading International and Comscore in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Comscore and Reading International 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 Reading International are associated (or correlated) with Comscore. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Comscore has no effect on the direction of Reading International i.e., Reading International and Comscore go up and down completely randomly.

Pair Corralation between Reading International and Comscore

Considering the 90-day investment horizon Reading International is expected to under-perform the Comscore. But the stock apears to be less risky and, when comparing its historical volatility, Reading International is 1.01 times less risky than Comscore. The stock trades about -0.13 of its potential returns per unit of risk. The Comscore is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  643.00  in Comscore on September 15, 2025 and sell it today you would earn a total of  13.00  from holding Comscore or generate 2.02% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	90.48%
Values	Daily Returns

Reading International  vs.  Comscore

Reading International

Risk-Adjusted Performance

Weakest

Over the last 90 days Reading International has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's fundamental indicators remain fairly strong which may send shares a bit higher in January 2026. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Comscore

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Comscore are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent basic indicators, Comscore may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Reading International and Comscore

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

The idea behind Reading International and Comscore 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.