Correlation Between Terminal X and Robogroup

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

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

Diversification Opportunities for Terminal X and Robogroup

-0.79

Correlation Coefficient

Terminal X  Robogroup

Pay attention - limited upside

The 3 months correlation between Terminal and Robogroup is -0.79. Overlapping area represents the amount of risk that can be diversified away by holding Terminal X Online and Robogroup in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Robogroup and Terminal X 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 Terminal X Online are associated (or correlated) with Robogroup. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Robogroup has no effect on the direction of Terminal X i.e., Terminal X and Robogroup go up and down completely randomly.

Pair Corralation between Terminal X and Robogroup

Assuming the 90 days trading horizon Terminal X Online is expected to generate 0.66 times more return on investment than Robogroup. However, Terminal X Online is 1.52 times less risky than Robogroup. It trades about 0.21 of its potential returns per unit of risk. Robogroup is currently generating about -0.11 per unit of risk. If you would invest  50,455  in Terminal X Online on August 8, 2025 and sell it today you would earn a total of  12,815  from holding Terminal X Online or generate 25.4% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	86.0%
Values	Daily Returns

Terminal X Online  vs.  Robogroup

Terminal X Online

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Terminal X Online are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Terminal X sustained solid returns over the last few months and may actually be approaching a breakup point.

Robogroup

Risk-Adjusted Performance

Weakest

Over the last 90 days Robogroup has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Terminal X and Robogroup

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

The idea behind Terminal X Online and Robogroup 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.