Correlation Between CXApp and Amesite Operating

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

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

Diversification Opportunities for CXApp and Amesite Operating

0.41

Correlation Coefficient

CXApp  Amesite Operating

Very weak diversification

The 3 months correlation between CXApp and Amesite is 0.41. Overlapping area represents the amount of risk that can be diversified away by holding CXApp Inc and Amesite Operating Co in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Amesite Operating and CXApp 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 CXApp Inc are associated (or correlated) with Amesite Operating. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Amesite Operating has no effect on the direction of CXApp i.e., CXApp and Amesite Operating go up and down completely randomly.

Pair Corralation between CXApp and Amesite Operating

Given the investment horizon of 90 days CXApp Inc is expected to under-perform the Amesite Operating. But the stock apears to be less risky and, when comparing its historical volatility, CXApp Inc is 1.34 times less risky than Amesite Operating. The stock trades about -0.15 of its potential returns per unit of risk. The Amesite Operating Co is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest  270.00  in Amesite Operating Co on August 26, 2025 and sell it today you would lose (39.00) from holding Amesite Operating Co or give up 14.44% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	95.31%
Values	Daily Returns

CXApp Inc  vs.  Amesite Operating Co

CXApp Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days CXApp Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unsteady 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.

Amesite Operating

Risk-Adjusted Performance

Weakest

Over the last 90 days Amesite Operating Co has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Amesite Operating is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with CXApp and Amesite Operating

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

The idea behind CXApp Inc and Amesite Operating Co 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 Global Correlations module to find global opportunities by holding instruments from different markets.