Correlation Between Vape Holdings and Xos

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

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

Diversification Opportunities for Vape Holdings and Xos

-0.31

Correlation Coefficient

Vape Holdings  Xos

Very good diversification

The 3 months correlation between Vape and Xos is -0.31. Overlapping area represents the amount of risk that can be diversified away by holding Vape Holdings and Xos Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Xos Inc and Vape Holdings 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 Vape Holdings are associated (or correlated) with Xos. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Xos Inc has no effect on the direction of Vape Holdings i.e., Vape Holdings and Xos go up and down completely randomly.

Pair Corralation between Vape Holdings and Xos

Given the investment horizon of 90 days Vape Holdings is expected to generate 26.52 times more return on investment than Xos. However, Vape Holdings is 26.52 times more volatile than Xos Inc. It trades about 0.11 of its potential returns per unit of risk. Xos Inc is currently generating about -0.14 per unit of risk. If you would invest  671.00  in Vape Holdings on May 5, 2025 and sell it today you would earn a total of  1,459  from holding Vape Holdings or generate 217.44% return on investment over 90 days.

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

Vape Holdings  vs.  Xos Inc

Vape Holdings

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Vape Holdings are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather fragile basic indicators, Vape Holdings exhibited solid returns over the last few months and may actually be approaching a breakup point.

Xos Inc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Xos Inc 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 basic indicators remain comparatively stable which may send shares a bit higher in September 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with Vape Holdings and Xos

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

The idea behind Vape Holdings and Xos Inc 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.