Correlation Between Smart Digital and Comscore

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

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

Diversification Opportunities for Smart Digital and Comscore

-0.43

Correlation Coefficient

Smart Digital  Comscore

Very good diversification

The 3 months correlation between Smart and Comscore is -0.43. Overlapping area represents the amount of risk that can be diversified away by holding Smart Digital Group and Comscore in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Comscore and Smart Digital 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 Smart Digital Group 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 Smart Digital i.e., Smart Digital and Comscore go up and down completely randomly.

Pair Corralation between Smart Digital and Comscore

If you would invest  643.00  in Comscore on September 18, 2025 and sell it today you would earn a total of  75.00  from holding Comscore or generate 11.66% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	95.24%
Values	Daily Returns

Smart Digital Group  vs.  Comscore

Smart Digital Group

Risk-Adjusted Performance

Weakest

Over the last 90 days Smart Digital Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's fundamental indicators remain very healthy which may send shares a bit higher in January 2026. The recent disarray may also be a sign of long period up-swing for the firm investors.

Comscore

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Comscore are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent basic indicators, Comscore reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Smart Digital and Comscore

The main advantage of trading using opposite Smart Digital and Comscore positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Smart Digital 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 Smart Digital Group 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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.