Correlation Between Vaxart and Semler Scientific

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

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

Diversification Opportunities for Vaxart and Semler Scientific

0.48

Correlation Coefficient

Vaxart  Semler Scientific

Very weak diversification

The 3 months correlation between Vaxart and Semler is 0.48. Overlapping area represents the amount of risk that can be diversified away by holding Vaxart Inc and Semler Scientific in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Semler Scientific and Vaxart 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 Vaxart Inc are associated (or correlated) with Semler Scientific. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Semler Scientific has no effect on the direction of Vaxart i.e., Vaxart and Semler Scientific go up and down completely randomly.

Pair Corralation between Vaxart and Semler Scientific

Given the investment horizon of 90 days Vaxart is expected to generate 13.05 times less return on investment than Semler Scientific. In addition to that, Vaxart is 1.43 times more volatile than Semler Scientific. It trades about 0.0 of its total potential returns per unit of risk. Semler Scientific is currently generating about 0.04 per unit of volatility. If you would invest  3,358  in Semler Scientific on May 4, 2025 and sell it today you would earn a total of  88.00  from holding Semler Scientific or generate 2.62% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	74.6%
Values	Daily Returns

Vaxart Inc  vs.  Semler Scientific

Vaxart Inc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Vaxart Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Vaxart is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

Semler Scientific

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Semler Scientific are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Even with relatively uncertain essential indicators, Semler Scientific reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Vaxart and Semler Scientific

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

The idea behind Vaxart Inc and Semler Scientific 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..