Correlation Between Voxtur Analytics and I-On Digital

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

By analyzing existing cross correlation between Voxtur Analytics Corp and I On Digital Corp, you can compare the effects of market volatilities on Voxtur Analytics and I-On Digital 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 Voxtur Analytics with a short position of I-On Digital. Check out your portfolio center. Please also check ongoing floating volatility patterns of Voxtur Analytics and I-On Digital.

Diversification Opportunities for Voxtur Analytics and I-On Digital

-0.62

Correlation Coefficient

Voxtur Analytics  I-On Digital

Excellent diversification

The 3 months correlation between Voxtur and I-On is -0.62. Overlapping area represents the amount of risk that can be diversified away by holding Voxtur Analytics Corp and I On Digital Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on I On Digital and Voxtur Analytics 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 Voxtur Analytics Corp are associated (or correlated) with I-On Digital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of I On Digital has no effect on the direction of Voxtur Analytics i.e., Voxtur Analytics and I-On Digital go up and down completely randomly.

Pair Corralation between Voxtur Analytics and I-On Digital

Assuming the 90 days horizon Voxtur Analytics Corp is expected to under-perform the I-On Digital. In addition to that, Voxtur Analytics is 1.33 times more volatile than I On Digital Corp. It trades about -0.01 of its total potential returns per unit of risk. I On Digital Corp is currently generating about 0.14 per unit of volatility. If you would invest  48.00  in I On Digital Corp on May 5, 2025 and sell it today you would earn a total of  42.00  from holding I On Digital Corp or generate 87.5% return on investment over 90 days.

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

Voxtur Analytics Corp  vs.  I On Digital Corp

Voxtur Analytics Corp

Risk-Adjusted Performance

Very Weak

Over the last 90 days Voxtur Analytics Corp 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 basic indicators remain nearly stable which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

I On Digital

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in I On Digital Corp are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite fairly conflicting basic indicators, I-On Digital demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Voxtur Analytics and I-On Digital

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

The idea behind Voxtur Analytics Corp and I On Digital Corp 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.