Correlation Between XWELL and Springview Holdings

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

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

Diversification Opportunities for XWELL and Springview Holdings

0.06

Correlation Coefficient

XWELL  Springview Holdings

Significant diversification

The 3 months correlation between XWELL and Springview is 0.06. Overlapping area represents the amount of risk that can be diversified away by holding XWELL Inc and Springview Holdings Ltd in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Springview Holdings and XWELL 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 XWELL Inc are associated (or correlated) with Springview Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Springview Holdings has no effect on the direction of XWELL i.e., XWELL and Springview Holdings go up and down completely randomly.

Pair Corralation between XWELL and Springview Holdings

Given the investment horizon of 90 days XWELL Inc is expected to under-perform the Springview Holdings. But the stock apears to be less risky and, when comparing its historical volatility, XWELL Inc is 3.35 times less risky than Springview Holdings. The stock trades about -0.14 of its potential returns per unit of risk. The Springview Holdings Ltd is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  48.00  in Springview Holdings Ltd on August 26, 2025 and sell it today you would lose (8.95) from holding Springview Holdings Ltd or give up 18.65% of portfolio value over 90 days.

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

XWELL Inc  vs.  Springview Holdings Ltd

XWELL Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days XWELL Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Stock's technical and fundamental indicators remain quite persistent which may send shares a bit higher in December 2025. The latest mess may also be a sign of long-standing up-swing for the company institutional investors.

Springview Holdings

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Springview Holdings Ltd are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite quite abnormal technical indicators, Springview Holdings disclosed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with XWELL and Springview Holdings

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

The idea behind XWELL Inc and Springview Holdings Ltd 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.