Correlation Between SSC Technologies and EverCommerce

Can any of the company-specific risk be diversified away by investing in both SSC Technologies and EverCommerce 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 EverCommerce 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 EverCommerce, you can compare the effects of market volatilities on SSC Technologies and EverCommerce 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 EverCommerce. Check out your portfolio center. Please also check ongoing floating volatility patterns of SSC Technologies and EverCommerce.

Diversification Opportunities for SSC Technologies and EverCommerce

0.6

Correlation Coefficient

SSC Technologies  EverCommerce

Poor diversification

The 3 months correlation between SSC and EverCommerce is 0.6. Overlapping area represents the amount of risk that can be diversified away by holding SSC Technologies Holdings and EverCommerce in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on EverCommerce 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 EverCommerce. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EverCommerce has no effect on the direction of SSC Technologies i.e., SSC Technologies and EverCommerce go up and down completely randomly.

Pair Corralation between SSC Technologies and EverCommerce

Given the investment horizon of 90 days SSC Technologies Holdings is expected to generate 0.4 times more return on investment than EverCommerce. However, SSC Technologies Holdings is 2.47 times less risky than EverCommerce. It trades about 0.14 of its potential returns per unit of risk. EverCommerce is currently generating about 0.06 per unit of risk. If you would invest  7,981  in SSC Technologies Holdings on May 19, 2025 and sell it today you would earn a total of  702.00  from holding SSC Technologies Holdings or generate 8.8% return on investment over 90 days.

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

SSC Technologies Holdings  vs.  EverCommerce

SSC Technologies Holdings

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in SSC Technologies Holdings are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather inconsistent basic indicators, SSC Technologies may actually be approaching a critical reversion point that can send shares even higher in September 2025.

EverCommerce

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in EverCommerce are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very weak fundamental indicators, EverCommerce may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with SSC Technologies and EverCommerce

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

The idea behind SSC Technologies Holdings and EverCommerce 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.