Correlation Between Veea and Software

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

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

Diversification Opportunities for Veea and Software

-0.41

Correlation Coefficient

Veea  Software

Very good diversification

The 3 months correlation between Veea and Software is -0.41. Overlapping area represents the amount of risk that can be diversified away by holding Veea Inc and Software And It in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Software And It and Veea 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 Veea Inc are associated (or correlated) with Software. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Software And It has no effect on the direction of Veea i.e., Veea and Software go up and down completely randomly.

Pair Corralation between Veea and Software

Assuming the 90 days horizon Veea Inc is expected to under-perform the Software. In addition to that, Veea is 15.21 times more volatile than Software And It. It trades about -0.02 of its total potential returns per unit of risk. Software And It is currently generating about 0.0 per unit of volatility. If you would invest  2,889  in Software And It on July 8, 2025 and sell it today you would lose (7.00) from holding Software And It or give up 0.24% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	70.31%
Values	Daily Returns

Veea Inc  vs.  Software And It

Veea Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Veea Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in November 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors.

Software And It

Risk-Adjusted Performance

Weakest

Over the last 90 days Software And It has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Software is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Veea and Software

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

The idea behind Veea Inc and Software And It 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.