Correlation Between Zedge and Taboola

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

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

Diversification Opportunities for Zedge and Taboola

-0.73

Correlation Coefficient

Zedge  Taboola

Pay attention - limited upside

The 3 months correlation between Zedge and Taboola is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding Zedge Inc and Taboola in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Taboola and Zedge 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 Zedge Inc are associated (or correlated) with Taboola. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Taboola has no effect on the direction of Zedge i.e., Zedge and Taboola go up and down completely randomly.

Pair Corralation between Zedge and Taboola

Given the investment horizon of 90 days Zedge Inc is expected to under-perform the Taboola. In addition to that, Zedge is 1.83 times more volatile than Taboola. It trades about -0.03 of its total potential returns per unit of risk. Taboola is currently generating about 0.13 per unit of volatility. If you would invest  335.00  in Taboola on September 12, 2025 and sell it today you would earn a total of  72.00  from holding Taboola or generate 21.49% return on investment over 90 days.

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

Zedge Inc  vs.  Taboola

Zedge Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Zedge Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Stock's technical and fundamental indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders.

Taboola

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Taboola are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unfluctuating essential indicators, Taboola sustained solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Zedge and Taboola

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

The idea behind Zedge Inc and Taboola 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.