Correlation Between TechCreate and OneMedNet Corp

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

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

Diversification Opportunities for TechCreate and OneMedNet Corp

-0.49

Correlation Coefficient

TechCreate  OneMedNet Corp

Very good diversification

The 3 months correlation between TechCreate and OneMedNet is -0.49. Overlapping area represents the amount of risk that can be diversified away by holding TechCreate Group and OneMedNet Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on OneMedNet Corp and TechCreate 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 TechCreate Group are associated (or correlated) with OneMedNet Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OneMedNet Corp has no effect on the direction of TechCreate i.e., TechCreate and OneMedNet Corp go up and down completely randomly.

Pair Corralation between TechCreate and OneMedNet Corp

Given the investment horizon of 90 days TechCreate Group is expected to generate 0.35 times more return on investment than OneMedNet Corp. However, TechCreate Group is 2.87 times less risky than OneMedNet Corp. It trades about 0.06 of its potential returns per unit of risk. OneMedNet Corp is currently generating about -0.06 per unit of risk. If you would invest  493.00  in TechCreate Group on October 4, 2025 and sell it today you would earn a total of  38.00  from holding TechCreate Group or generate 7.71% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	88.89%
Values	Daily Returns

TechCreate Group  vs.  OneMedNet Corp

TechCreate Group

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in TechCreate Group are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite quite unfluctuating technical and fundamental indicators, TechCreate may actually be approaching a critical reversion point that can send shares even higher in February 2026.

OneMedNet Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days OneMedNet Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's primary indicators remain rather sound which may send shares a bit higher in February 2026. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Pair Trading with TechCreate and OneMedNet Corp

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

The idea behind TechCreate Group and OneMedNet 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.