Correlation Between SSC Technologies and Oracle

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

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

Diversification Opportunities for SSC Technologies and Oracle

0.0

Correlation Coefficient

SSC Technologies  Oracle

Pay attention - limited upside

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

Pair Corralation between SSC Technologies and Oracle

If you would invest  8,164  in SSC Technologies Holdings, on May 19, 2025 and sell it today you would earn a total of  16.00  from holding SSC Technologies Holdings, or generate 0.2% return on investment over 90 days.

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

SSC Technologies Holdings,  vs.  Oracle

SSC Technologies Hol

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in SSC Technologies Holdings, are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, SSC Technologies is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Oracle

Risk-Adjusted Performance

Solid

Over the last 90 days Oracle has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong fundamental indicators, Oracle is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with SSC Technologies and Oracle

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

The idea behind SSC Technologies Holdings, and Oracle 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.