Correlation Between Spotlight Homes and HomeTrust Bancshares,

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

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

Diversification Opportunities for Spotlight Homes and HomeTrust Bancshares,

0.0

Correlation Coefficient

Spotlight Homes  HomeTrust Bancshares,

Pay attention - limited upside

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

Pair Corralation between Spotlight Homes and HomeTrust Bancshares,

If you would invest  4,110  in HomeTrust Bancshares, on September 5, 2025 and sell it today you would earn a total of  79.00  from holding HomeTrust Bancshares, or generate 1.92% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.41%
Values	Daily Returns

Spotlight Homes  vs.  HomeTrust Bancshares,

Spotlight Homes

Risk-Adjusted Performance

Fair

Over the last 90 days Spotlight Homes has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy technical indicators, Spotlight Homes is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors.

HomeTrust Bancshares,

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in HomeTrust Bancshares, are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, HomeTrust Bancshares, is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Spotlight Homes and HomeTrust Bancshares,

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

The idea behind Spotlight Homes and HomeTrust Bancshares, 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 Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.