Correlation Between AtlasClear Holdings, and Apptech Corp

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

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

Diversification Opportunities for AtlasClear Holdings, and Apptech Corp

-0.25

Correlation Coefficient

AtlasClear Holdings,  Apptech Corp

Very good diversification

The 3 months correlation between AtlasClear and Apptech is -0.25. Overlapping area represents the amount of risk that can be diversified away by holding AtlasClear Holdings, and Apptech Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Apptech Corp and AtlasClear Holdings, 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 AtlasClear Holdings, are associated (or correlated) with Apptech Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apptech Corp has no effect on the direction of AtlasClear Holdings, i.e., AtlasClear Holdings, and Apptech Corp go up and down completely randomly.

Pair Corralation between AtlasClear Holdings, and Apptech Corp

Given the investment horizon of 90 days AtlasClear Holdings, is expected to generate 2.16 times more return on investment than Apptech Corp. However, AtlasClear Holdings, is 2.16 times more volatile than Apptech Corp. It trades about 0.11 of its potential returns per unit of risk. Apptech Corp is currently generating about 0.08 per unit of risk. If you would invest  19.00  in AtlasClear Holdings, on August 26, 2025 and sell it today you would earn a total of  9.00  from holding AtlasClear Holdings, or generate 47.37% return on investment over 90 days.

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

AtlasClear Holdings,  vs.  Apptech Corp

AtlasClear Holdings,

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in AtlasClear Holdings, are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating fundamental indicators, AtlasClear Holdings, demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Apptech Corp

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Apptech Corp are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile fundamental indicators, Apptech Corp showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with AtlasClear Holdings, and Apptech Corp

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

The idea behind AtlasClear Holdings, and Apptech 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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.