Correlation Between CiT and OBOOK Holdings

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

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

Diversification Opportunities for CiT and OBOOK Holdings

-0.34

Correlation Coefficient

CiT  OBOOK Holdings

Very good diversification

The 3 months correlation between CiT and OBOOK is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding CiT Inc and OBOOK Holdings Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on OBOOK Holdings Class and CiT 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 CiT Inc are associated (or correlated) with OBOOK Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OBOOK Holdings Class has no effect on the direction of CiT i.e., CiT and OBOOK Holdings go up and down completely randomly.

Pair Corralation between CiT and OBOOK Holdings

Given the investment horizon of 90 days CiT Inc is expected to generate 0.21 times more return on investment than OBOOK Holdings. However, CiT Inc is 4.85 times less risky than OBOOK Holdings. It trades about -0.06 of its potential returns per unit of risk. OBOOK Holdings Class is currently generating about -0.42 per unit of risk. If you would invest  518.00  in CiT Inc on August 26, 2025 and sell it today you would lose (71.00) from holding CiT Inc or give up 13.71% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	43.75%
Values	Daily Returns

CiT Inc  vs.  OBOOK Holdings Class

CiT Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days CiT Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest fragile performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

OBOOK Holdings Class

Risk-Adjusted Performance

Weakest

Over the last 90 days OBOOK Holdings Class has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's essential indicators remain comparatively stable which may send shares a bit higher in December 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with CiT and OBOOK Holdings

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

The idea behind CiT Inc and OBOOK Holdings Class 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 Transaction History module to view history of all your transactions and understand their impact on performance.