Correlation Between Supercom and LogicMark
Can any of the company-specific risk be diversified away by investing in both Supercom and LogicMark 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 Supercom and LogicMark into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Supercom and LogicMark, you can compare the effects of market volatilities on Supercom and LogicMark 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 Supercom with a short position of LogicMark. Check out your portfolio center. Please also check ongoing floating volatility patterns of Supercom and LogicMark.
Diversification Opportunities for Supercom and LogicMark
Pay attention - limited upside
The 3 months correlation between Supercom and LogicMark is -0.87. Overlapping area represents the amount of risk that can be diversified away by holding Supercom and LogicMark in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LogicMark and Supercom 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 Supercom are associated (or correlated) with LogicMark. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LogicMark has no effect on the direction of Supercom i.e., Supercom and LogicMark go up and down completely randomly.
Pair Corralation between Supercom and LogicMark
Given the investment horizon of 90 days Supercom is expected to generate 0.32 times more return on investment than LogicMark. However, Supercom is 3.16 times less risky than LogicMark. It trades about 0.16 of its potential returns per unit of risk. LogicMark is currently generating about -0.17 per unit of risk. If you would invest 619.00 in Supercom on April 26, 2025 and sell it today you would earn a total of 317.00 from holding Supercom or generate 51.21% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Against |
Strength | Significant |
Accuracy | 44.26% |
Values | Daily Returns |
Supercom vs. LogicMark
Performance |
Timeline |
Supercom |
LogicMark |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Supercom and LogicMark Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Supercom and LogicMark
The main advantage of trading using opposite Supercom and LogicMark positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Supercom position performs unexpectedly, LogicMark 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 LogicMark will offset losses from the drop in LogicMark's long position.Supercom vs. BIO Key International | Supercom vs. SSC Security Services | Supercom vs. ICTS International NV | Supercom vs. Senstar Technologies |
LogicMark vs. Guardforce AI Co | LogicMark vs. Knightscope | LogicMark vs. Bridger Aerospace Group | LogicMark vs. Iveda Solutions |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Other Complementary Tools
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |