Correlation Between Unitronix and Gemina Laboratories

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

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

Diversification Opportunities for Unitronix and Gemina Laboratories

0.35

Correlation Coefficient

Unitronix  Gemina Laboratories

Weak diversification

The 3 months correlation between Unitronix and Gemina is 0.35. Overlapping area represents the amount of risk that can be diversified away by holding Unitronix and Gemina Laboratories in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Gemina Laboratories and Unitronix 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 Unitronix are associated (or correlated) with Gemina Laboratories. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemina Laboratories has no effect on the direction of Unitronix i.e., Unitronix and Gemina Laboratories go up and down completely randomly.

Pair Corralation between Unitronix and Gemina Laboratories

Given the investment horizon of 90 days Unitronix is expected to under-perform the Gemina Laboratories. But the pink sheet apears to be less risky and, when comparing its historical volatility, Unitronix is 1.43 times less risky than Gemina Laboratories. The pink sheet trades about -0.2 of its potential returns per unit of risk. The Gemina Laboratories is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest  25.00  in Gemina Laboratories on September 16, 2025 and sell it today you would lose (16.00) from holding Gemina Laboratories or give up 64.0% of portfolio value over 90 days.

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

Unitronix  vs.  Gemina Laboratories

Unitronix

Risk-Adjusted Performance

Weakest

Over the last 90 days Unitronix has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

Gemina Laboratories

Risk-Adjusted Performance

Weakest

Over the last 90 days Gemina Laboratories has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's fundamental drivers remain nearly stable which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with Unitronix and Gemina Laboratories

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

The idea behind Unitronix and Gemina Laboratories 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.