Correlation Between 3D Systems and Repay Holdings

Can any of the company-specific risk be diversified away by investing in both 3D Systems and Repay 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 3D Systems and Repay Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between 3D Systems and Repay Holdings Corp, you can compare the effects of market volatilities on 3D Systems and Repay 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 3D Systems with a short position of Repay Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of 3D Systems and Repay Holdings.

Diversification Opportunities for 3D Systems and Repay Holdings

-0.64

Correlation Coefficient

3D Systems  Repay Holdings

Excellent diversification

The 3 months correlation between DDD and Repay is -0.64. Overlapping area represents the amount of risk that can be diversified away by holding 3D Systems and Repay Holdings Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Repay Holdings Corp and 3D Systems 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 3D Systems are associated (or correlated) with Repay Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Repay Holdings Corp has no effect on the direction of 3D Systems i.e., 3D Systems and Repay Holdings go up and down completely randomly.

Pair Corralation between 3D Systems and Repay Holdings

Considering the 90-day investment horizon 3D Systems is expected to generate 1.93 times more return on investment than Repay Holdings. However, 3D Systems is 1.93 times more volatile than Repay Holdings Corp. It trades about 0.14 of its potential returns per unit of risk. Repay Holdings Corp is currently generating about -0.04 per unit of risk. If you would invest  174.00  in 3D Systems on August 5, 2025 and sell it today you would earn a total of  102.00  from holding 3D Systems or generate 58.62% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

3D Systems  vs.  Repay Holdings Corp

3D Systems

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in 3D Systems are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating fundamental indicators, 3D Systems exhibited solid returns over the last few months and may actually be approaching a breakup point.

Repay Holdings Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Repay Holdings Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the company investors.

Pair Trading with 3D Systems and Repay Holdings

The main advantage of trading using opposite 3D Systems and Repay Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 3D Systems position performs unexpectedly, Repay 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 Repay Holdings will offset losses from the drop in Repay Holdings' long position.

The idea behind 3D Systems and Repay Holdings Corp 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 CEOs Directory module to screen CEOs from public companies around the world.