Correlation Between Bragg Gaming and SPoT Coffee

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

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

Diversification Opportunities for Bragg Gaming and SPoT Coffee

0.0

Correlation Coefficient

Bragg Gaming  SPoT Coffee

Pay attention - limited upside

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

Pair Corralation between Bragg Gaming and SPoT Coffee

If you would invest  574.00  in Bragg Gaming Group on April 24, 2025 and sell it today you would earn a total of  64.00  from holding Bragg Gaming Group or generate 11.15% return on investment over 90 days.

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

Bragg Gaming Group  vs.  SPoT Coffee

Bragg Gaming Group

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Bragg Gaming Group are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of very fragile basic indicators, Bragg Gaming may actually be approaching a critical reversion point that can send shares even higher in August 2025.

SPoT Coffee

Risk-Adjusted Performance

Very Weak

Over the last 90 days SPoT Coffee has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, SPoT Coffee is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors.

Pair Trading with Bragg Gaming and SPoT Coffee

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

The idea behind Bragg Gaming Group and SPoT Coffee 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.