Correlation Between Sight Sciences and Atlantic International

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

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

Diversification Opportunities for Sight Sciences and Atlantic International

0.05

Correlation Coefficient

Sight Sciences  Atlantic International

Significant diversification

The 3 months correlation between Sight and Atlantic is 0.05. Overlapping area represents the amount of risk that can be diversified away by holding Sight Sciences and Atlantic International Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Atlantic International and Sight Sciences 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 Sight Sciences are associated (or correlated) with Atlantic International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Atlantic International has no effect on the direction of Sight Sciences i.e., Sight Sciences and Atlantic International go up and down completely randomly.

Pair Corralation between Sight Sciences and Atlantic International

Given the investment horizon of 90 days Sight Sciences is expected to generate 1.96 times less return on investment than Atlantic International. But when comparing it to its historical volatility, Sight Sciences is 1.67 times less risky than Atlantic International. It trades about 0.07 of its potential returns per unit of risk. Atlantic International Corp is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  206.00  in Atlantic International Corp on August 1, 2025 and sell it today you would earn a total of  60.00  from holding Atlantic International Corp or generate 29.13% return on investment over 90 days.

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

Sight Sciences  vs.  Atlantic International Corp

Sight Sciences

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Sight Sciences are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile technical indicators, Sight Sciences unveiled solid returns over the last few months and may actually be approaching a breakup point.

Atlantic International

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Atlantic International Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain essential indicators, Atlantic International displayed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Sight Sciences and Atlantic International

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

The idea behind Sight Sciences and Atlantic International Corp 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.