Correlation Between Vasta Platform and Stride

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

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

Diversification Opportunities for Vasta Platform and Stride

0.17

Correlation Coefficient

Vasta Platform  Stride

Average diversification

The 3 months correlation between Vasta and Stride is 0.17. Overlapping area represents the amount of risk that can be diversified away by holding Vasta Platform and Stride Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Stride Inc and Vasta Platform 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 Vasta Platform are associated (or correlated) with Stride. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stride Inc has no effect on the direction of Vasta Platform i.e., Vasta Platform and Stride go up and down completely randomly.

Pair Corralation between Vasta Platform and Stride

Given the investment horizon of 90 days Vasta Platform is expected to generate 1.04 times more return on investment than Stride. However, Vasta Platform is 1.04 times more volatile than Stride Inc. It trades about -0.04 of its potential returns per unit of risk. Stride Inc is currently generating about -0.17 per unit of risk. If you would invest  451.00  in Vasta Platform on May 5, 2025 and sell it today you would lose (28.00) from holding Vasta Platform or give up 6.21% of portfolio value over 90 days.

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

Vasta Platform  vs.  Stride Inc

Vasta Platform

Risk-Adjusted Performance

Very Weak

Over the last 90 days Vasta Platform has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Vasta Platform is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.

Stride Inc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Stride Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in September 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Pair Trading with Vasta Platform and Stride

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

The idea behind Vasta Platform and Stride 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .