Correlation Between Com Guard and Predictive Oncology

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

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

Diversification Opportunities for Com Guard and Predictive Oncology

-0.39

Correlation Coefficient

Com Guard  Predictive Oncology

Very good diversification

The 3 months correlation between Com and Predictive is -0.39. Overlapping area represents the amount of risk that can be diversified away by holding Com GuardCom and Predictive Oncology in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Predictive Oncology and Com Guard 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 Com GuardCom are associated (or correlated) with Predictive Oncology. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Predictive Oncology has no effect on the direction of Com Guard i.e., Com Guard and Predictive Oncology go up and down completely randomly.

Pair Corralation between Com Guard and Predictive Oncology

Given the investment horizon of 90 days Com GuardCom is expected to generate 1.34 times more return on investment than Predictive Oncology. However, Com Guard is 1.34 times more volatile than Predictive Oncology. It trades about 0.08 of its potential returns per unit of risk. Predictive Oncology is currently generating about -0.07 per unit of risk. If you would invest  0.08  in Com GuardCom on August 26, 2025 and sell it today you would earn a total of  0.02  from holding Com GuardCom or generate 25.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	98.46%
Values	Daily Returns

Com GuardCom  vs.  Predictive Oncology

Com GuardCom

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Com GuardCom are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather weak basic indicators, Com Guard exhibited solid returns over the last few months and may actually be approaching a breakup point.

Predictive Oncology

Risk-Adjusted Performance

Weakest

Over the last 90 days Predictive Oncology has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in December 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Pair Trading with Com Guard and Predictive Oncology

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

The idea behind Com GuardCom and Predictive Oncology 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.