Correlation Between GAMEON ENTERTAINM and Kontrol Technologies

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

By analyzing existing cross correlation between GAMEON ENTERTAINM TECHS and Kontrol Technologies Corp, you can compare the effects of market volatilities on GAMEON ENTERTAINM and Kontrol Technologies 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 GAMEON ENTERTAINM with a short position of Kontrol Technologies. Check out your portfolio center. Please also check ongoing floating volatility patterns of GAMEON ENTERTAINM and Kontrol Technologies.

Diversification Opportunities for GAMEON ENTERTAINM and Kontrol Technologies

0.0

Correlation Coefficient

GAMEON ENTERTAINM  Kontrol Technologies

Pay attention - limited upside

The 3 months correlation between GAMEON and Kontrol is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding GAMEON ENTERTAINM TECHS and Kontrol Technologies Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Kontrol Technologies Corp and GAMEON ENTERTAINM 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 GAMEON ENTERTAINM TECHS are associated (or correlated) with Kontrol Technologies. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kontrol Technologies Corp has no effect on the direction of GAMEON ENTERTAINM i.e., GAMEON ENTERTAINM and Kontrol Technologies go up and down completely randomly.

Pair Corralation between GAMEON ENTERTAINM and Kontrol Technologies

If you would invest  11.00  in GAMEON ENTERTAINM TECHS on April 11, 2025 and sell it today you would lose (10.90) from holding GAMEON ENTERTAINM TECHS or give up 99.09% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.2%
Values	Daily Returns

GAMEON ENTERTAINM TECHS  vs.  Kontrol Technologies Corp

GAMEON ENTERTAINM TECHS

Risk-Adjusted Performance

Very Weak

Over the last 90 days GAMEON ENTERTAINM TECHS has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, GAMEON ENTERTAINM is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Kontrol Technologies Corp

Risk-Adjusted Performance

Very Weak

Over the last 90 days Kontrol Technologies Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Kontrol Technologies is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with GAMEON ENTERTAINM and Kontrol Technologies

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

The idea behind GAMEON ENTERTAINM TECHS and Kontrol Technologies 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.

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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.