Correlation Between CleanSpark and AptarGroup

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

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

Diversification Opportunities for CleanSpark and AptarGroup

-0.61

Correlation Coefficient

CleanSpark  AptarGroup

Excellent diversification

The 3 months correlation between CleanSpark and AptarGroup is -0.61. Overlapping area represents the amount of risk that can be diversified away by holding CleanSpark and AptarGroup in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on AptarGroup and CleanSpark 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 CleanSpark are associated (or correlated) with AptarGroup. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AptarGroup has no effect on the direction of CleanSpark i.e., CleanSpark and AptarGroup go up and down completely randomly.

Pair Corralation between CleanSpark and AptarGroup

Given the investment horizon of 90 days CleanSpark is expected to generate 5.28 times more return on investment than AptarGroup. However, CleanSpark is 5.28 times more volatile than AptarGroup. It trades about 0.08 of its potential returns per unit of risk. AptarGroup is currently generating about 0.01 per unit of risk. If you would invest  369.00  in CleanSpark on July 31, 2025 and sell it today you would earn a total of  1,546  from holding CleanSpark or generate 418.97% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	99.8%
Values	Daily Returns

CleanSpark  vs.  AptarGroup

CleanSpark

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in CleanSpark are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. Despite quite weak basic indicators, CleanSpark disclosed solid returns over the last few months and may actually be approaching a breakup point.

AptarGroup

Risk-Adjusted Performance

Weakest

Over the last 90 days AptarGroup has generated negative risk-adjusted returns adding no value to investors with long positions. Even with unfluctuating performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in November 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Pair Trading with CleanSpark and AptarGroup

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

The idea behind CleanSpark and AptarGroup 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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.