Correlation Between Twenty One and Crane Harbor

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

By analyzing existing cross correlation between Twenty One Capital and Crane Harbor Acquisition, you can compare the effects of market volatilities on Twenty One and Crane Harbor 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 Twenty One with a short position of Crane Harbor. Check out your portfolio center. Please also check ongoing floating volatility patterns of Twenty One and Crane Harbor.

Diversification Opportunities for Twenty One and Crane Harbor

-0.75

Correlation Coefficient

Twenty One  Crane Harbor

Pay attention - limited upside

The 3 months correlation between Twenty and Crane is -0.75. Overlapping area represents the amount of risk that can be diversified away by holding Twenty One Capital and Crane Harbor Acquisition in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Crane Harbor Acquisition and Twenty One 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 Twenty One Capital are associated (or correlated) with Crane Harbor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Crane Harbor Acquisition has no effect on the direction of Twenty One i.e., Twenty One and Crane Harbor go up and down completely randomly.

Pair Corralation between Twenty One and Crane Harbor

Considering the 90-day investment horizon Twenty One Capital is expected to under-perform the Crane Harbor. But the stock apears to be less risky and, when comparing its historical volatility, Twenty One Capital is 1.67 times less risky than Crane Harbor. The stock trades about -0.2 of its potential returns per unit of risk. The Crane Harbor Acquisition is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest  34.00  in Crane Harbor Acquisition on October 6, 2025 and sell it today you would earn a total of  51.00  from holding Crane Harbor Acquisition or generate 150.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	96.83%
Values	Daily Returns

Twenty One Capital  vs.  Crane Harbor Acquisition

Twenty One Capital

Risk-Adjusted Performance

Weakest

Over the last 90 days Twenty One Capital has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in February 2026. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Crane Harbor Acquisition

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Crane Harbor Acquisition are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile fundamental indicators, Crane Harbor reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Twenty One and Crane Harbor

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

The idea behind Twenty One Capital and Crane Harbor Acquisition 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.