Correlation Between Rego Payment and Intouch Insight

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

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

Diversification Opportunities for Rego Payment and Intouch Insight

0.65

Correlation Coefficient

Rego Payment  Intouch Insight

Poor diversification

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

Pair Corralation between Rego Payment and Intouch Insight

Given the investment horizon of 90 days Rego Payment Architectures is expected to under-perform the Intouch Insight. In addition to that, Rego Payment is 2.14 times more volatile than Intouch Insight. It trades about -0.07 of its total potential returns per unit of risk. Intouch Insight is currently generating about -0.05 per unit of volatility. If you would invest  34.00  in Intouch Insight on May 1, 2025 and sell it today you would lose (5.00) from holding Intouch Insight or give up 14.71% of portfolio value over 90 days.

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

Rego Payment Architectures  vs.  Intouch Insight

Rego Payment Archite

Risk-Adjusted Performance

Very Weak

Over the last 90 days Rego Payment Architectures has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's primary indicators remain comparatively stable which may send shares a bit higher in August 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Intouch Insight

Risk-Adjusted Performance

Very Weak

Over the last 90 days Intouch Insight has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Stock's basic indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders.

Pair Trading with Rego Payment and Intouch Insight

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

The idea behind Rego Payment Architectures and Intouch Insight 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.